Tag Archives: fraud

IIT Coaching Fees: A Glance at How Much They Charge

On Sunday, FIIT-JEE conducted an entrance exam all over the world not for engineering seats but for its coaching in collaboration with several local colleges all over major cities and more than one lakh students reportedly appeared, While reports negligence to inform parents and harassment meted out by parents and students, the fees is a whopping 4.5 lakhs per 2-year ...

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FIIT-JEE Talent Reward (FTRE) Exam Turns Nightmare for Students, Parents

Come Sunday, students entering higher classes from fifth onwards to 12th standard face similar pressure — entering IIT (Indian Institute of Technology) via mushrooming coaching centres and FIIT-JEE tops them all in terms of fees and cramming pressure. To attract more gullible parents, the Delhi-based coaching behemoth has even started a screening test for lakhs of students charging them Rs.750 ...

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Texas Jury Awards $60 Million to Victims in Oil & Gas Fraud Case

A Texas jury has awarded more than $60 million to two groups of oil and gas investors who were de3nied profits  from oil and gas production leases covering thousands of acres in West Texas. The Aug. 19 verdict includes more than $28 million awarded to Lowry Hunt of Mansfield’s L.W. Hunt Resources and Richard Raughton of Fort Worth, and is ...

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Bitcoin firm MtGox CEO Mark Karpeles arrested in Japan

The CEO of the failed MtGox company that once acted as the world’s largest exchange of the virtual currency, bitcoin, was arrested in Japan. Born in France, he moved to Japan in 2009. Mark Karpeles, 30, the CEO of MtGox was held for the loss of virtual currencuy amounting to bitcoins worth $387million in February 2014. Police suspect that he ...

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Lionel Messi to face trial over tax fraud charges, star’s father denies crime

Just days after winning the historic double treble with Barcelona, Argentine Lionel Messi is set to stand trial over alleged tax fraud, amounting to 4.1 million Euros. The decision came on Wednesday when a provincial court in Barcelona rejected the footballer’s appeal that was lodged by his lawyers. Messi’s father, Jorge Horacio Messi was accused of ignoring tax, amounting to ...

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Jitender Singh Tomar – Journey from Tri Nagar to Tihar?

A registered lawyer with the Delhi Bar council, Jitender Singh Tomar is just an icon of ambition to succeed in life bereft of the means. Many have chosen similar journey to fame and success in Indian politics but few of them stumble earlier than others. Nobody in AAP could have cast an eye on scrutinising his certificates when he was ...

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IBM Uncovers Stunning Bank Transfer Malware ‘Dyre Wolf’ Taking out Money from Accounts

IBM has found a rather sophisticated fraud scheme that uses a combination of phishing, malware and even phone calls to transfer money from gullible Internet Banking users, siphoning off about $1 million so far from large and medium-sized American companies companies. IBM security researchers found the scheme the named “The Dyre Wolf,” is too small to detect by huge companies ...

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How ‘ghost’ teachers keep haunting Punjab medical colleges?

By Jaideep Sarin   Medical science may not believe in the ghost stories but unethical practices adopted by private medical colleges and unscrupulous doctors in the region have put a big question mark on the standard of education being imparted and the kind of doctors being churned out by these institutions. With 436 ‘ghost’ teachers being discovered by the Punjab ...

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Unprecedented Cyber Bank Robbery of $1 billion divides experts

Security experts were split over the severity of the alleged “unprecedented cyber robbery” and the amount of cash stolen, following a Russian computer security firm’s report that hackers have stolen $1 billion from nearly 100 banks since 2013, a media report said Monday. Russian computer security firm Kaspersky Lab estimated that $1 billion has been stolen in the attacks, which ...

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Japanese ‘Black Widow’ received $8.47 million from her 10 dead partners

A 67-year-old Japanese woman is suspected of having poisoned her husband and possibly six other partners, from whom she inherited around $8.47 million, investigation sources said on Friday. Chisako Kakehi, dubbed the “Black Widow of Kyoto”, received in addition to the inheritance from her last spouse, who died in December 2013, the assets of three other husbands after their deaths. ...

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Bogus e-mails Blamed for Online Fraud: Study

More internet users are being lured into revealing personal information as they log into bogus emails, and the chances are that 45% of the time you are responding to phishing e-mails, says a new study. Certain websites included in phishing emails successfully lure users up to 45 percent of the time, according to the study. Once on the bogus pages ...

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Xiaomi Eyeing American Market Next with Mi4 smartphone Priced at $320 ?

Riding high on the success of its installment flash sale of 20,000 Mi3 smartphones in leass than 3 seconds, the Chinese company Xiaomi is pondering the possibility of the next generation Mi4 series priced $320 or Rs.20,000 next. Chanese firms, which remained the assembly units far from the US mainland, are now gearing up for the sole manufacturer status with ...

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Google Dawns New Avatar; Wages War on Hackers

In view of growing spam and scam online, search giant Google has undertaken extra responsibility of online policing by declaring a war against hijackers of online account details and fraudulent bids to steal people’s passwords. Referring to online fraud like a plea to wire money to a friend stranded at an international airport or an oddly written message from someone ...

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How an Indian in America duped investors in China?

NEW YORK (GIN): In a massive fraudulent case involving duping investors into believing they were putting money down for successful businesses in America that would grant them Green Cards within a short period of time, the Securities and Exchange Commission (SEC) has announced charges and an asset freeze against an Indian origin entrepreneur living in Illinois and two companies associated ...

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Medical malcare? One in 8 Patients Return to Hospital Within Days after Discharge

Robert Wood Johnson Foundation has released community-specific data showing that one in eight medicare patients were readmitted to the hospital within 30 days of being released after surgery in 2010, while patients in the hospital for reasons other than surgery returned at an even higher rate of one in six. Both rates were virtually unchanged from 2008. The highest regional ...

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Satyam merger with Tech Mahindra ends an era of IT fraud

Finally, Satyam’s saga will end with the proposed merger with its parent company Tech Mahindra to form one of the top five IT companies in the country. The announced merger will create a behemoth of $2.4 billion company, with more than than 75,000 employees serving about 350 clients in 54 countries. “This would make us a company with an annual ...

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