Unpublished data shows India’s fraud problems extend far beyond PNB and initial billion dollar fraud

Unpublished data shows India’s fraud problems extend far beyond PNB and initial billion dollar fraud

Investors may have been shocked when one of India’s biggest banks disclosed a $1.77 billion fraud by a billionaire jeweler, but the central bank has recorded data that shows the problem runs far deeper and wider. Reserve Bank of India (RBI) data, which a Reuters reporter obtained through a right-to-information request, shows state-run banks have reported 8,670 “loan fraud” cases totaling 612.6 billion rupees ($9.58 billion) over the last five financial years up to March…

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Allegations of fraud prompt meeting of Ontario PC Party’s nomination committee

Allegations of fraud prompt meeting of Ontario PC Party’s nomination committee

Allegations of voter fraud and voter irregularities during several Ontario PC nomination races have led to an unscheduled meeting of the party’s nomination committee. The party leader’s office would not say what exactly prompted the meeting or how many nomination races were being discussed. Former Conservative Senator Marjory LeBreton says she witnessed voter irregularities during the Ottawa West-Nepean race and wants the results overturned. “In Ottawa West-Nepean there was clearly fraudulent voting, stuffed ballot boxes…

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Bell Canada Data Breach Could Be ‘Stepping Stone’ To More Fraud, Espionage: Expert

Bell Canada Data Breach Could Be ‘Stepping Stone’ To More Fraud, Espionage: Expert

The recent Bell Canada data breach might not have contained any compromised financial information, but it could still create “stepping stones” to more serious cases of fraud and espionage, according to a cybersecurity expert. On Tuesday, the company alerted customers that the information of “fewer than 100,000” users was illegally accessed by hackers. The RCMP announced it had opened an investigation. Bell, Canada’s largest telecommunications company, said that while names and email addresses were accessed — as…

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Journalists could take stand in high-profile Montreal fraud case

Journalists could take stand in high-profile Montreal fraud case

A judge will deliberate on whether two journalists will be forced to take the stand to reveal confidential sources in the Nathalie Normandeau and Marc-Yvan Côté fraud case. Côté’s lawyer, Jacques Larochelle, has been trying to get the case thrown out based on leaks to the media he says has harmed his client’s chances of a fair trial. In 2016, then Treasury Board president, Sam Hamad was forced to resign from cabinet after a Radio-Canada report revealed…

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Oshawa man charged after police investigate $55K fraud at Uxbridge-based charity

Oshawa man charged after police investigate $55K fraud at Uxbridge-based charity

A months-long investigation into the suspected misappropriation of funds from a Durham Region charity has led to charges against a man identified as an executive director. An investigation begun in June 2017 has revealed that North House was defrauded of more than $55,000, Durham police said on Thursday. Staff at the organization reported that cash and credit cards were used for unauthorized purchases that included sporting events and meals at restaurants, police said. It’s also…

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Calgary 2017 public school trustee candidate faces election fraud charges

Calgary 2017 public school trustee candidate faces election fraud charges

A woman who ran for a Calgary Public School trustee position last year faces Alberta Election Act charges. Elections Alberta says it launched an investigation last October after receiving a complaint that an election candidate was ineligible because she was not a Canadian citizen. A suspect filed a notice of intent to run and a nomination acceptance form and confirmed that they had read the requirements and were eligible to run in the election. Nimra…

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Lawyers are being targeted with sophisticated frauds on the west coast

Lawyers are being targeted with sophisticated frauds on the west coast

A B.C. law firm recently paid out a six-figure sum — to a fraudster. The sophisticated scam, known as a social engineering fraud, showed the degree to which scammers today will go to swindle law firms and their clients. The Law Society of British Columbia said the fraud, which likely took weeks, even months, started when the perpetrators hacked the law firm’s computer. They then patiently waited for an opportunity to arise. When one lawyer…

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Former Alberta charity treasurer sentenced for fraud, must pay back $206K

Former Alberta charity treasurer sentenced for fraud, must pay back $206K

The former treasurer of a local children’s non-profit group pleaded guilty to fraud over $5,000 on Thursday and was sentenced to two years behind bars. Asa Wedman, who was the treasurer of the Children’s Heart Society until the fall of 2016, was also ordered to pay back $206,281.20. Wedman, 41, broke down in court Thursday morning and sobbed. Wedman’s lawyer, Edmond O’Neill, said his client feels guilty and ashamed. He told the judge Wedman has lost his good…

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No fraud evident in hacked accounts, says Equifax Canada privacy officer (but who really knows)

No fraud evident in hacked accounts, says Equifax Canada privacy officer (but who really knows)

Equifax Canada’s chief privacy officer says there’s no evidence of fraudulent activity on the Canadian accounts that were hacked in last year’s massive data breach at its U.S. parent company. Chief privacy officer John Russo says the company recognizes its reputation took a hit after the leak of highly confidential information, which affected about half of all Americans but only about 19,000 Canadians. The company’s assurances come as the international credit monitoring company works to…

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Former Assumption Life VP pleads guilty to $630K in fraud and forgery

Former Assumption Life VP pleads guilty to $630K in fraud and forgery

Paul LeBlanc, once a vice-president at Assumption Life, is now facing sentencing for fraud and forgery totalling $630,000 during his 15 years with the Moncton insurance and investment firm. LeBlanc, who previously pleaded guilty to one count of fraud, pleaded guilty Wednesday to additional charges of committing fraud against Ethel and Rene LeBlanc and using a forged document. Crown prosecutor Stephen Holt dropped five other charges against him before proceeding with the sentencing hearing, which is scheduled to last three days. The agreed…

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