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"Skimming" is a blanket term used when referencing a crime where you take small amounts of money. It literally means to take cash off the top, as if money were the sweet cream floating atop a cauldron of lesser riches. Fifty years ago, skimming might have meant stealing a handful of dollars from y...

July 28th 2014 at 11:00am 0 Comments
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If you live in San Francisco or New York, you likely know you can connect to free WiFi in certain locations. Your cities' governments partnered with Madrid-based provider Gowex to make that happen -- the same company that has recently admitted to doctoring its accounts for the past four years. Gow...

July 8th 2014 at 12:06am 0 Comments
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Remember how the discovery of a botnet took much of the value out of the Mt. Gox Bitcoin exchange, leading it to declare bankruptcy? Yeah, investors aren't happy about that -- and they're now demanding compensation. One of them, Gregory Greene, has filed a lawsuit accusing the exchange of fraud fo...

February 28th 2014 at 3:28pm 0 Comments
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If you've ever lost access to your PayPal holdings through no fault of your own -- say, following a shady money transfer -- you may be tempted to enjoy a little schadenfreude today. PayPal president David Marcus reports that someone used a skimming device to clone his credit card while he was in...

February 10th 2014 at 9:29pm 0 Comments
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Earlier today, the Taipei District Prosecutor's Office concluded its investigation on the HTC saga that mainly involved ex-lead designer Thomas Chien (pictured above). The report indicts the ex-VP for leaking HTC's upcoming icon designs -- likely from the yet-to-be-released Sense 6.0 -- by way of...

December 27th 2013 at 8:06am 0 Comments
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Blizzard has emerged (mostly) victorious in the case of Bell v. Blizzard Entertainment, which was filed in response to the Battle.net security breach last sumer. Though no financial data was taken, the lawsuit claimed the data breach harmed customers and targeted authenticators, which it said were...

August 23rd 2013 at 5:00pm 0 Comments
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PayPal employees at the company's UK headquarters are tired of having to use traditional payment methods when buying their rocket and crayfish sarnies. It's almost an affront, in fact, so they're pushing local retailers in Richmond Upon Thames to trial an updated, entirely PayPal-based system that...

August 8th 2013 at 8:03am 0 Comments
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The Northern District Court of Texas sentenced Frank Christopher Olivera, the former VP of corporate communications and public affairs at GameStop, to 51 months in federal prison. Olivera, who pleaded guilty to embezzling over $1.7 million via mail fraud, was also fined $57,375 for funds unpaid on...

March 12th 2013 at 9:45am 0 Comments
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Let's assume for a moment that you're Curt Schilling, formerly of the Red Sox and formerly of the now-defunct 38 Studios. You're facing a massive lawsuit for fraud regarding a $75 million loan from the state of Rhode Island. What do you do? It appears that Mr. Schilling's first approach is to ask...

March 4th 2013 at 5:30pm 0 Comments
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As a dreaded accounting scandal continues to drag Olympus' name through the mud, federal agents in the United States arrested yet another gentleman in connection with the firm's alleged fraud. Chan Ming Fon, a citizen of Taiwan, was reportedly arrested in Los Angeles today. As the story goes, he w...

December 20th 2012 at 8:04pm 0 Comments