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US contractor charged with COVID-Relief fraud

The owner of a residential construction contracting firm based in Washington, D.C., was charged with allegedly submitting fraudulent documents to a bank in connection with applications seeking more than $400,000 in a forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. … Continue reading US contractor charged with COVID-Relief fraud

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2 whistleblowers to receive $3,006,000 for exposing False Claims Act violations

Longwood Management Corporation and 27 affiliated skilled nursing facilities (Longwood) have agreed to resolve allegations that they violated the False Claims Act by submitting false claims to Medicare for rehabilitation therapy services that were not reasonable or necessary, the Department of Justice announced today. Longwood is headquartered in California and the 27 skilled nursing facilities … Continue reading 2 whistleblowers to receive $3,006,000 for exposing False Claims Act violations

OMG! Venezuela’s Nicolás Maduro lost nearly $2bn worth of gold

A British judge on Thursday refused to give Venezuela's Nicolás Maduro control of nearly $2 billion in gold sitting in a Bank of England vault because Britain does not recognize the socialist leader as president of the Latin American nation. Maduro has demanded the gold to help his cash-starved nation fight the coronavirus pandemic. But … Continue reading OMG! Venezuela’s Nicolás Maduro lost nearly $2bn worth of gold

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Aluminum company to pay over $46m for defrauding customers, including the US

An Oregon aluminum extrusion manufacturer has agreed to pay $46 million to NASA, the Department of Defense, and others to resolve criminal charges and civil claims relating to a 19-year fraud scheme that included falsifying thousands of certifications for aluminum extrusions provided to hundreds of customers. Assistant Attorney General Brian A. Benczkowski of the Justice … Continue reading Aluminum company to pay over $46m for defrauding customers, including the US

EasyJet: Hackers accessed over 9 million customers’ details

Britain's data watchdog is investigating after the breach which saw 2,200 customers' credit card details accessed by hackers. Easyjet has revealed that the personal details of nine million customers have been accessed by "highly sophisticated" hackers. The discount airline - currently mired by the grounding of flights because of the coronavirus crisis and a leadership tussle led … Continue reading EasyJet: Hackers accessed over 9 million customers’ details

No COVID-19 palliative package for Nigerians as FG claims

Nigerians living in Abuja, the country’s capital, who are intended beneficiaries of the COVID-19 palliatives, have denied receiving any amount of money or relief materials from government. Minister of Humanitarian Affairs and Disaster Management, Sadiya Umar Farouq, had said 2.6 million vulnerable persons benefited from the Federal Government’s cash transfer intervention programme. She said 11 … Continue reading No COVID-19 palliative package for Nigerians as FG claims

How to stay safe online

Expect a significant spike in ransomware attacks and phishing scams during the coronavirus lockdown period, predicts Terence Govender, director of the IT advisory division of international advisory firm Mazars. He believes cyber criminals will take advantage of the fact that people and businesses will be working remotely during the lockdown period, as this creates a … Continue reading How to stay safe online

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EFFC arrests Ighalo on fraud charges

The Economic and Financial Crimes Commission has arraigned one Patrick Ighalo before Justice J. K. Omotosho of the Federal High Court sitting in Port Harcourt, Rivers State, over a N1.75m scam. Ighalo was arraigned on a four-count charge bordering on obtaining money under false pretence. One of the counts reads, "That you Patrick Ighalo and … Continue reading EFFC arrests Ighalo on fraud charges

Former Korean president Lee Myung-bak convicted of bribery and embezzlement

Former South Korean president Lee Myung-bak was sentenced Wednesday to 17 years in jail over a set of corruption charges, including bribery and embezzlement in connection with his brother's auto parts company DAS. At the second hearing, the Seoul Central District Court sentenced Lee, who served as the country's head of state from early 2008 … Continue reading Former Korean president Lee Myung-bak convicted of bribery and embezzlement

PwC cuts ties with fraudulent companies in Angola

As he faces charges of misusing more than $1 billion in state funds, the husband of Angolan billionaire Isabel dos Santos defended himself by pointing to the couple's accounting firm. Sindika Dokolo said if people do not trust his version of events, they should just ask the renowned global accounting firm PwC, which handled the … Continue reading PwC cuts ties with fraudulent companies in Angola