Related Stories A Nigerian internet fraudster known as the ‘king of dating’ for his sophisticated tactics of online manipulation has given an eye-opening confession at a Lagos-based church. Samuel Johnson, an Edo State indigene, explained that his journey into advanced internet scamming began in The University of Port Harcourt after he joined the ‘Black-Axe’ cult. “I followed them into a very thick forest during the night of initiation,” the young man narrated. He was just 19 years old
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and imposters of all time as he reflects back to his reign as a check fraud kingpin of 1960’s. Some may remember the movie Catch Me If You Can (Spielberg, 2002) that stars Leonardo DiCaprio and Tom Hanks portraying the true story behind the great confidence trickster that is Frank Abagnale, Jr. Mostly known for his various impersonations as a security guard, airline pilot, teaching assistant, physician, and attorney, he is also widely known for his ability to forge checks and after numerous escapes
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The early 1990s was the beginning of Burnie Madoff’s grand scheme to wipeout billions of dollars from shareholders in the United States. This scheme of his is known as a Ponzi scheme and can also be known as the biggest fraudulent scheme in the United States. Burnie Madoff was born in 1938 and raised in Queens, New York. In the 1960s he developed his own business which quickly turned into a huge multi-million-dollar business called the Barnard L. Madoff Investment Securities, LLC. This business attracted
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reporter, BBC News 31 October 2012 Last updated at 00:20 Tesco says customers are taking greater pride in finding value UK consumers are feeling worse about the economy than they did last month, despite the end of recession, the latest consumer confidence survey from financial research firm GfK says. Retailers say this is causing a change in shoppers' spending habits. Last week, the boss of Debenhams said: "We believe customers are acclimatised to the new economic reality." The boss of Tesco
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Business Interests of Organized Crime Groups Mary Weyer August 20, 2011 Business Interests of Organized Crime Groups Organized crime groups are infecting the United States at an increasing rate. The temptation of making fast easy money to people in low income areas is too great to resist. Legitimate businesses are at risk of being victimized by organized crime theft and fraud activities New World Encyclopedia, 2008). No one is safe from organized crime
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Plunder of India India now is witnessing not mere corruption, but national plunder. --Brahma Challeny, The Hindu, Dec 6, 2010 ESTIMATE OF DEPOSITS IN SAFE HAVENS Top 5 in the world India - $1456 billion (1.4 Trillion dollars) Russia - $470 billion UK $390 billion Ukraine - $100 billion China $96 billion Note: While these numbers are not substantiated because of secrecy, it does reflect the magnitude. Conservative Estimate by Global Financial Integrity India’s standing per Transparency
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Crimes against Property Andy Berg Professor Lisa Armonda, J.D. CRJ 105 Crime and Criminal Behavior 21 February 2012 Introduction The phrase "white-collar crime" was coined in 1939 during a speech given by Edwin Sutherland to the American Sociological Society. Sutherland defined the term as "crime committed by a person of respectability and high social status in the course of his occupation" (Sutherland). Although there has been some debate as to what qualifies as a white-collar crime, the
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White Collar Crime – presented by Mr. Neil Weinberg Mr. Neil Weinberg, Executive Editor of Forbes Magazine, wrote “Stolen Without A Gun” with co-author Walter Pavlo, using the compelling personal story of Mr. Pavlo to portray in intimate detail the pressures that white-collar professionals face every day in corporate world. Mr. Weinberg’s discussion at Rotman was extremely relevant to MBA students because of the main narrator’s background: Pavlo was a young MBA who had a promising career at MCI
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Running head: White Collar Crimes in Basketball White Collar Crimes in Basketball By Willis Blake Jamie Orejan Saint Leo University MBA 510 9-26-08 One of the largest NCAA money fraud schemes in NCAA basketball history occurred in Atlanta, GA on December 2005. A report filed with a federal court in Texas regarding the investment scam indicates that nearly $6 million in assets were connected to Horizon Establishment. In December, the U.S. Securities and Exchange Commission filed
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A Ponzi scheme is an investment fraud in which the investor uses the investments from new investors to make promised payments to prior investors. A Ponzi scheme typically has little or no legitimate investments that are actually occurring. A scheme falls usually apart when the main operator decides not to continue with the operations or when new investors cannot be found. Many red flags of a ponzi scheme can be recognized. A main concern for this scam is the promise for high, consistent, and guaranteed
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