Fraud

This tag is associated with 3 posts

Sierra Leone: 30 Percent Of Ebola Aid Funds Vanished

Posted by ETFalpha ⋅ February 15, 2015 ⋅ Leave a comment

The auditor of Sierra Leone noted that the country can’t explain how 30 percent of Ebola funds were spent and there is no documentation to support $3.3 million of contracts. The amount does not include grants or loans from international organizations Bloomberg said. “Monies that have been set aside for the purpose of combating the Ebola outbreak … Continue reading →

Weavering Hedge Fund Founder Jailed 13 Years For Fraud

Posted by ETFalpha ⋅ January 24, 2015 ⋅ Leave a comment

Weavering Capital (UK) Ltd founder Magnus Peterson has been sentenced to 13 years in prison after he was found guilty of fraud by a London court this week. This marks one of the longest sentences handed down for a high-profile fraud in the UK in recent times. Peterson perpetrated fraud Magnus Peterson is the founder of … Continue reading →

Mt Gox Looks Like Bitcoin Fraud, Says Japanese Press Report

Posted by ETFalpha ⋅ January 3, 2015 ⋅ Leave a comment

It has been a difficult year for Bitcoin, and now confirmation from investigative authorities in Japan working on the Mt Gox “disappearance” of customer bitcoins appears to be making things worse. Bitcoin down near $316 As the digital currency / payment method is trading down near $316 to start 2015, after reaching a high near … Continue reading →