News & Info

COVID-19 Operating in the 'new normal' – A backdoor to increased fraud risk?
01 Jul, 2020
The COVID-19 outbreak continues to have a devastating impact across the globe. The numbers of infected people increase every hour, and in many countries and the stock markets have experienced their worst weeks since the 2008 financial crisis.
COVID-19 Resources for ACFE members
01 Apr, 2020
At the ACFE, our members come first. Though the coronavirus has limited activity in many parts of the world, we will be here, whether in person or virtually,
ACFE Fraud Conference 2020 is HERE!
23 Feb, 2020 - 25 Feb, 2020
The ACFE Fraud Conference Middle East attracts professionals from around the world involved in identifying, preventing and detecting corporate fraud. This event offers an unparalleled opportunity to connect with decision-makers and influencers in the anti-fraud industry.
Lebanon Sovereign Downgrades
08 Oct, 2019 - 08 Oct, 2019
Check out our FREE workshop! Understand the key technicalities and rationale behind the recent downgrade in Lebanon’s Long-Term Foreign Currency Rating (from B- to CCC)
Billions Lost On These Trading Blunders
25 Sep, 2019
Japanese trading giant Mitsubishi said last week it booked a US$320 million loss after an unnamed rogue trader made unauthorized loss-making oil derivatives trades and allegedly manipulated the risk management system to disguise his actions.
Trader looks out of options after $5.8bn loss
05 Sep, 2019 - 05 Sep, 2019
Jerome Kerviel lost an attempt to blame Societe Generale for a massive trading loss that he was found guilty of causing at the bank as French investigators dismissed his demands for further probes, according to a person familiar with the matter.
How a $1.8 Billion Indian Bank Fraud Lasted Seven Years
03 Sep, 2019 - 03 Sep, 2019
The story of how India’s biggest bank fraud went undetected for seven years includes an $81 million cyber-heist in neighboring Bangladesh, penny-pinching lenders and a series of missed opportunities.
Live Well Financial’s Former CEO Charged With Bank Fraud
20 Aug, 2019
Three former executives of a collapsed reverse-mortgage company, including the founder and former CEO, have been charged in connection with a $141 million bond fraud scheme.
Disney Whistleblower Told SEC The Company Inflated Revenue For Years
19 Aug, 2019
A former Walt Disney Co. accountant says she has filed a series of whistleblower tips with the Securities and Exchange Commission alleging the company has materially overstated revenue for years.
Fraudsters selling non-existent drones
14 Mar, 2019
Online shopping websites are being utilised by fraudsters to advertise drones of various specifications for competitive prices which do not exist. Drones are personal flying devices that often carry cameras and can be navigated remotely by smart phones or controllers. Fraudsters are capitalising on their recent popularity and advertising non-existent drones lower than the recommended retail price to tempt buyers.
Lebanon judge charges man for forging NSSF seal
23 Oct, 2018
Lebanon's Financial Prosecutor Saturday charged a suspect accused of forging the seal of a National Fund for Social Security Fund (NSSF) secretary. The state-run National News Agency reported that the man, whose name was not identified, was referred by Judge Ali Ibrahim to Beirut Investigative Judge Ghassan Oweidat. No further details were given.
UK firms could face £122 billion in fines under new EU data protection rules
10 Oct, 2018
UK firms could face £122 billion in cyber security fines in 2018 under new EU data protection rules, according to new research. A report from the PCI Security Standards Council (PCI SSC) found that businesses face billions in fines if they do not improve their cyber security.
Malware waits for perfect moment to trick users into taking selfies with ID cards
14 Oct, 2016
A new type of Android malware is tricking users into handing over selfies featuring their ID cards, according to researchers. Experts from McAfee uncovered the sneaky malicious software, which runs in the background waiting for the right opportunity to ask users for sensitive data.
MTV boss fires back at Harb, Ogero
11 Oct, 2016
In his first interview since being charged in an internet scandal, MTV CEO Michel El Murr Monday issued a scathing attack on Ogero and the telecommunications minister as he defended himself and his company. “We are fighting on two fronts,” Murr told The Daily Star.
MTV boss charged over illegal internet
21 Sep, 2016
Lebanon’s financial prosecutor charged MTV Lebanon CEO Michel Gabriel Murr with embezzlement Tuesday, a judicial source told The Daily Star. The major local TV network chief was charged for his alleged involvement in running an illegal, unlicensed network in Zaarour in the highlands of the Metn district.
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