$3 Million Frozen in Cyber-Fraud Case
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A federal judge has frozen $3 million belonging to an Eastern European cyber-ring in an online stock manipulation case involving seven major brokerages, the largest asset freeze to date in such cases.
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Malaysia's securities watchdog said Monday it has frozen two local bank accounts, shut down two Web sites and questioned several people suspected to be involved in a global Internet investment scam.
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Hackers are finding financial rewards in their actions, and criminals are increasing their dependence on IT. The combination, and the increased technical sophistication of the bad guys, worries a top federal prosecutor.
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A federal grand jury indicted three people on charges of conspiracy, fraud, and aggravated identity theft related to a "high-tech" scheme to hijack online brokerage accounts.
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Three people have pleaded guilty to charges related to spam e-mail that promised U.S. victims millions of dollars from an estate and a lottery, the U.S. Department of Justice announced.
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Former ImClone Systems Inc. IMCL.O  Chief Executive Sam Waksal has agreed to pay a $3 million civil  penalty to settle charges over the insider trading scandal that  also involved lifestyle entrepreneur Martha Stewart, U.S.  regulators said on Wednesday
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Consumers whose personal data may have been compromised will be offered three years of credit-monitoring services and other perks by TJX.
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AOL has agreed to pay $3 million in fines to the states plus refunds to customers charged for unauthorized services.
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A federal judge awarded $3.1 million Tuesday to the family of a man who was killed by fugitive mobster James "Whitey" Bulger, ruling that the federal government is liable for the man's death because his identity was leaked to Bulger by a rogue FBI agent.
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The US Justice Department&#39;s crackdown on cyber crime has brought to light illegal activities, including credit-card fraud, to the tune of over US $215 million and resulted in dozens of arrests, a senior official said in Washington.
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(InfoWorld) - TheÂ FBI's Internet Crime Complaint Center (IC3) is warning of fraudulent e-mails that appear to come from the FBI and U.S. military. "The IC3 has increasingly received intelligence of fraudulent schemes misrepresenting the FBI and/or Director Robert S. Mueller III," the center said in an alert published Tuesday. "The fraudulent e-mails give the appearance of legitimacy due to the usage of pictures of the FBI Director, seal, letterhead, and/or banners." The spam is actually pumping lotteries or are phony inheritance notifications, the IC3 said. Other scams use the FBI's name to "intimidate and convince the recipient the e-mail is legitimate," the IC3 said. Criminals have used the agency's name in extortion e-mails and online auction scams as well. The IC3 is a clearinghouse for complaints of criminal activity on the Internet. Run jointly by the FBI and the National White Collar Crime Center, it works with other law enforcement agencies and industries to help crack down on illegal online activity. In a separate statement also issued Tuesday, the IC3 warned that scammers were also sending out fraudulent e-mail claiming to be from U.S. soldiers stationed overseas. "The scam e-mails vary in content; however, the general theme of each is to request personal information and/or funds from the individual receiving the e-mail," the IC3 said. The e-mails are variations on long-running scams such as the Nigerian "419" spam, which has been "surprisingly effective at extracting large amounts of cash from victims.," said Adam O'Donnell, a senior research scientist at antispam vendor Cloudmark. "Users have to be aware that anyone asking for your bank account information via e-mail, regardless of their stated reason, is trying to steal your hard-earned money," he said.
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Payout strengthens anti-stalker law A bank which purchased the names and addresses of more than 650,000 people in the US has been ordered to pay a $50m fine. The case was brought by a Florida resident against Fidelity Bank and also included the Electronic Privacy Information Centre.â¦
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Regulators froze a Latvian account suspected of being used to hack into online brokerage accounts and manipulate stock trading.
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Among the more than 150 cybercrime arrests and convictions announced Thursday by the Department of Justice was an original: the nation&#39;s first case alleging denial of service attacks against competitors to knock them offline.
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There was a 3% drop in the amount of money lost to card fraud in 2006.
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A judge in San Diego has frozen $500 million in accounts as part of an investigation into xelan Inc. tax schemes, the Justice Department said Thursday.
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Sacramento -- The Schwarzenegger administration said Friday it would freeze spending authorization for $17.5 million in federal voter funds until an audit determines if Secretary of State Kevin Shelley has properly spent previously distributed funds.