Fraud | featured news

Video conferencing has become a popular way for therapists to reach patients, but opportunities for exploitation, especially by those with sketchy credentials, are rife.

Oswald Gruebel, the chief executive of UBS, has dismissed calls for his resignation as politically motivated, even as the Swiss banking giant raised its estimated loss by a rogue trader to $2.3 billion.

Swiss banking giant UBS said Thursday that a rogue trader has caused it an estimated loss of $2 billion, stunning a beleaguered banking industry that has proven vulnerable to unauthorized trades. Police in London said they arrested a 31-year-old UBS trader, Kweku Adoboli, in the alleged fraud. UBS declined to confirm his name.

Two researchers who set up doppelganger domains to mimic legitimate domains belonging to Fortune 500 companies say they managed to vacuum up 20 gigabytes of misaddressed e-mail over six months.

As much as $60 billion in U.S. tax dollars has been lost to waste and fraud in Iraq and Afghanistan over the past decade due to lax oversight of contractors, poor planning and corruption, according to an independent panel....

Federal agents have arrested a San Francisco Giants payroll manager on suspicion of embezzling more than $1.5 million from team accounts. Robin O'Connor, 41, faces federal felony charges of wire fraud and fraud in connection with a computer.

Goldman Sachs Chief Executive Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney whose past clients include a former Enron accounting officer, according to a government source familiar with the matter.

The insurer AIG is suing Bank of America Corp to recover more than $10 billion of losses from a "massive fraud" on mortgage debt, deepening the morass of litigation faced by the largest U.S. bank.

Casey Anthony, who was acquitted last month of murdering her 2-year-old daughter, has been ordered to return to Orange County, Fla., to serve probation from a prior check fraud conviction, MyFoxOrlando.com reports.

At first, it looks like a sleek Apple store. Sales assistants in blue T-shirts with the company's logo chat to customers. Signs advertising the iPad 2 hang from the white walls. Outside, the famous logo sits next to the words "Apple Store."...