ARTICLES RELATING TO FRAUD

BNP Paribas to pay $80m for defrauding US

2014-07-25 09:20

The US Justice Department has announced that a Federal court entered judgment against French bank BNP Paribas for $80m for defrauding a programme.

Ex-Cope treasurer in court for money laundering

2014-07-21 21:14

An ex-Cope member has appeared in a Cape Town court on charges of fraud, theft and money laundering.

7 appear for online dating scam

2014-07-17 21:54

Four men and three women have appeared in court in connection with their alleged involvement in an online dating scam.

Alleged fraudster makes 26th appearance

2014-07-16 20:48

An accountant accused of embezzling the Raya Hotel Group, owners of the Capetonian Hotel in Cape Town and the Balmoral Hotel in Durban, has made her 26th appearance in court.

Taxpayers' millions wasted on vacant properties

2014-07-16 19:08

Public Works Minister Thulas Nxesi has announced that millions of rand in taxpayers' money has been paid for government leases with the private sector for unoccupied properties.

State wants tax consultant's bail revoked

2014-07-15 20:16

The State has asked the Cape Town Magistrate's Court to revoke bail granted to a tax consultant accused of fraudulently claiming tax refunds.

R10m fraud case postponed for 'new developments'

2014-07-10 19:06

Court proceedings in the case of a woman accused of defrauding the Raya Hotel Group have been postponed by the Bellville Specialised Commercial Crime Court.

US eyes more banks after BNP

2014-07-02 09:30

BNP Paribas' guilty plea and agreement to pay nearly $9bn for violating US sanctions is part of a larger US Justice Department shift in strategy.

GSK confirms existence of sex tape

2014-06-30 16:53

British drugmaker GlaxoSmithKline has confirmed the existence of a sex tape, which emerged just before Beijing launched a bribery probe into the company.

Sex video: New twist in GSK bribery scandal

2014-06-30 09:24

GlaxoSmithKline has confirmed the existence of a video recording of its former China head who is at the heart of a probe that has damaged the drugmaker's business.

AG accuses Barclays of 'dark pool' fraud

2014-06-26 18:43

New York's attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge to high-frequency traders in the US.

Scam alert!

2014-06-26 09:19

Beware of pyramid & investments schemes with massive returns.

Hotel fraudster fined R10 000

2014-06-24 22:31

A man who ran up a hotel bill of R10 320, and paid with a cloned bank card, has been sentenced to a R10 000 fine, or three months in jail.

Court rejects reports in R800 000 fraud case

2014-06-21 08:59

The Nelspruit Regional Court has rejected a pre-sentencing report from a social worker testifying in a case against two women convicted of defrauding the Mpumalanga Economic Growth Agency.

When it's too good to be true, maybe it is

2014-06-19 06:17

Greed drives people to invest in pyramid schemes and all sorts of investments which promise massive returns, warns a savings expert.

Accountant appears for stealing orphans' money

2014-06-17 20:16

An accountant, who allegedly stole money intended for orphans and other vulnerable children, has appeared in the Bellville Specialised Commercial Crime Court in Cape Town.

Criminal charge laid against Ramphele

2014-06-12 10:37
158 comments

A criminal charge has been laid against AgangSA leader Mamphela Ramphele - by her party’s chairperson.

Former NYDA head case postponed

2014-06-09 12:14

Former National Youth Development Agency head Andile Lungisa and three others have appeared in the Johannesburg Specialised Commercial Crime Court on charges of fraud and money laundering.

Fraud case against new ANC MP

2014-05-22 16:30
75 comments

The Hawks are investigating new ANC MP Patrick Mabilo for fraud.

Sure it’s your child?

2014-05-18 13:00

Why would a woman lie about her baby’s paternity?

Claims from Madoff victims top $40bn

2014-05-14 09:35

The US government-overseen fund for victims bilked by Bernard Madoff's massive Ponzi scheme has received more than 50 000 claims worldwide topping $40bn.

Court papers detail Pinnacle bribery charge

2014-04-29 18:18

The Financial Services Board is investigating possible insider trading in shares of technology firm Pinnacle prior to the announcement of an executive's arrest.

NPA seizes Durban businessman's assets

2014-04-17 13:55

The NPA says property and cash amounting to over R400m belonging to Jay Singh, whose company is also implicated in the collapsed Tongaat mall, has been seized.

GSK faces criminal bribery probe

2014-04-14 12:16

GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors to promote its lung drug Seretide.

 

Madonsela investigating Mandela funeral claims

2014-07-22 20:13

Public Protector Thuli Madonsela is investigating alleged corruption by Eastern Cape municipalities relating to former president Nelson Mandela's funeral.

City of Joburg defrauded of R200m

2014-07-19 13:25

Some of Johannesburg's major shopping malls, hotels, real estate agencies and car dealers have allegedly been colluding to defraud the city of more than R200 million.

Woman appears for cloned bank cards

2014-07-17 21:54

Two separate cases involving a Cape Town woman who allegedly went on two spending sprees with cloned bank cards, may be combined into one, the Bellville Commercial Crimes Court has heard.

Online shopping safer, fraud still a worry

2014-07-16 20:46

Almost every South African card user has performed a secure e-commerce transaction with their card in the last few months, but there is still concern over fraud.

Madoff sons took millions for real estate - trustee

2014-07-16 12:48

Bernard Madoff's sons have apparently created accounts out of thin air and sham loans as they diverted millions of dollars of money from their father's firm.

Case against GM focuses on misleading info

2014-07-14 15:20

Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw.

Cloned cards for nationwide spending spree

2014-07-09 04:00

A woman who allegedly went on a spending spree with cloned bank cards has appeared in the Bellville Specialised Commercial Crime Court.

Woman sentenced on 10 counts of fraud

2014-07-03 18:54

An accountant formerly employed by a Cape Town pharmacy has been given a suspended prison sentence on 10 counts of fraud involving R218 510.

Debarred Old Mutual adviser opens can of worms

2014-07-01 07:42

When Old Mutual debarred one of its award-winning advisers and a few months later started legal proceedings to get back a joining bonus it opened a can of worms.

Consumers dispute debit order fraud

2014-06-30 13:51

Fraudulent debit orders by crooked telemarketers have resulted in more than 120 000 payment orders a month being disputed by consumers, warns an industry body.

Knee injury delays fraud case

2014-06-28 07:32

A knee injury to a defence lawyer has delayed pre-sentencing proceedings of a bookkeeper convicted of 402 counts of fraud involving two supermarkets and a Mugg & Bean restaurant.

New York sues Barclays for fraud

2014-06-26 09:42

New York prosecutors have sued British bank Barclays for fraud, saying it ran a "dark pool" securities trading operation to the benefit of "predatory" traders.

When it's too good to be true, maybe it is

2014-06-25 14:19

Greed drives people to invest in pyramid schemes and all sorts of investments, warns a savings expert.

Paralegal jailed for theft, fraud

2014-06-24 18:51

A former paralegal conveyancing secretary previously jailed for fraud, has been sent to prison by a Cape Town court for seven years for theft, fraud, money laundering, and forgery.

Former cop jailed for 15 years

2014-06-20 06:21

A former police detective has been sentenced to 15 years in prison for fraud, theft, forgery and uttering by the Kempton Park Regional Court.

Postbank fraudster in court

2014-06-17 21:39

A fugitive who evaded police for two years after allegedly committing fraud worth over R400m has appeared in the Bloemfontein Magistrate's Court.

Ramphele opens case with police

2014-06-13 10:30

Agang SA leader Mamphela Ramphele has opened a case with police to find out who opened an account for the party to receive a refund from the IEC, a spokesperson says.

Syndicates Taking Medical Schemes for Ride in South Africa

2014-06-10 13:39

Crooked doctors and hospital admission clerks are at the centre of syndicates illegally benefiting from hospital cash plans.

GSK faces UK fraud investigation

2014-05-28 11:32

Britain's Serious Fraud Office has launched a criminal probe into GlaxoSmithKline, which already faces allegations of bribery in China and four other countries.

UK financial watchdog wins fraud appeal

2014-05-21 15:37

England's Court of Appeal has overturned a judge's decision to halt a key fraud trial and urged the government and legal profession to resolve a deadlock.

Ex-cop received fake matric certificate from teacher

2014-05-14 16:57

A teacher who taught former KwaZulu-Natal police spokesperson Vincent Mdunge personally handed the officer his matric certificate, the Durban Regional Court has heard.

Mabe appears for fraud

2014-05-12 14:21

The fraud trial of former ANCYL treasurer general Pule Mabe and two other men has been postponed.

Bribery: Pinnacle exec's case postponed

2014-04-24 14:45

The case against Pinnacle executive director Takalani Tshivhase, who allegedly offered a R5m bribe to a police official to win a contract, has been postponed.

Card cloning waiter gets suspended sentence

2014-04-16 22:13

A waiter has been given a suspended prison sentence for cloning the bank cards of restaurant guests celebrating a birthday in Cape Town.

3 held for conning elderly out of pension

2014-04-10 18:13

Three women have been arrested for alleged fraud and theft in Soweto, Johannesburg.

 
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