That's a fraud practiced by people like Mr. Madoff, in which ever-increasing numbers of people are enticed by the promise of high, steady returns.
The Washington office has tried to expand its securities fraud practice by hiring several lawyers from the Securities and Exchange Commission, which is two blocks away, the official said.
The mobile payment tools also help protect customers' credit card information, said Philip Blank, managing director for the security, risk and fraud practice of the financial services research company Javelin Strategy and Research.
— Eric Asimov ABC News: Diluted extra virgin olive oil, adulterated pomegranate juice, tea laced with lawn grass: food fraud practiced by suppliers is up 60 percent this year, according to the United States Pharmacopeial Convention, a nonprofit group.
Eleven members and former members of Scientology Belgium have gone on trial in Brussels, accused of fraud, practicing illegal medicine, violating privacy laws, extortion and "running a criminal organization," according to the prosecutor.
The regulators who currently have some police power failed to use it before the crash -- as exemplified by the systematic fraud practiced in peddling complex subprime mortgages to people who could not hope to pay them back.
The foreclosure project filed two separate lawsuits in Federal District Court in Brooklyn, accusing United Homes, and the others involved in the transactions, of fraud, deceptive practices and racial discrimination for targeting members of minority groups.
The truth is, when it comes to security and protection, there are a host of laws and organizations designed to protect individual consumers from fraud, predatory practices, and everything in between.
But the bank's involvement with tens of thousands of secret accounts tied to allegations of tax evasion raises starker issues -- of possible criminal fraud through practices that Gramm as a senator helped keep opaque.
The law also provides for sects, as well as individual members, to be punished for fraud, illegal practice of medicine, wrongful advertising or sexual abuse.
