ARTICLES RELATING TO FRAUD

Fraudster Brown living in R8m home

2013-06-18 13:27

Convicted fraudster J Arthur Brown, who claims to be living on charity, is living in an upmarket Cape Town suburb in a house worth R8m.

SIM swap gang strikes again

2013-06-14 15:07
78 comments

A pensioner has become the latest in a string of victims to lose his money when the notorious SIM swap gang gained access to his Absa bank account.

Cyber crime spooks banks most

2013-06-12 19:35

Worries over hacking and other cyber attacks has pushed aside the eurozone crisis as the top risk for Britain's banks.

ANC welcomes naming of fraudsters

2013-06-10 08:23

The ANC has welcomed the naming of individuals who have been convicted of defrauding departments, institutions and municipalities.

UK watchdog slaps Sesame with £6m fine

2013-06-05 14:48

Britain's Financial Conduct Authority has fined investment firm Sesame £6m for selling life insurance settlement products without spelling out the risks.

Gauteng health directors suspended

2013-06-05 13:04

A Gauteng health chief director, two directors, and a deputy director have been suspended for alleged fraud, the provincial department says.

Jail ex-Sarb worker for 15 years - State

2013-05-29 20:14

A former Sarb official, who has been found guilty of fraud involving nearly R2m, should be sentenced to 15 years' imprisonment, a crime court has heard.

Task team to tackle SIM swap fraud

2013-05-24 12:16

MTN and Absa have set up a task team that will keep watch on SIM swap fraud and establish new methods to clamp down on it, according to a report.

Brown can bring it on, says FSB

2013-05-19 11:17

The Financial Services Board has reportedly said it looks forward to the possibility of facing convicted Fidentia fraudster J Arthur Brown in a civil case.

Fidentia investors vow to get tough

2013-05-15 22:11

About 500 ex-mineworkers are hoping to sue the curators of Fidentia after losing millions of rands in investments, a representative says.

R150 000 fine for Brown fair, says judge

2013-05-15 15:18

Judge Anton Veldhuizen has justified a R150 000 fine for former Fidentia boss J Arthur Brown, saying he was not convicted of stealing millions from pensioners.

Sentencing of ex-Fidentia boss begins

2013-05-15 08:03

The sentencing of former Fidentia boss J Arthur Brown is due to be handed down by the Western Cape High Court.

Lawyer: Jailing Brown would be a waste

2013-05-13 12:34

It would be a waste of ex-Fidentia boss J Arthur Brown's intelligence to imprison him and a fine is more appropriate, the Western Cape High Court has heard.

India probes breach in ATM heist

2013-05-12 15:45

India's IT watchdog is investigating how the computer systems of two firms that are part of the country's vast IT services industry were breached in a global ATM.

Fraud-accused doctor's case postponed

2013-05-10 14:43

The trial of a doctor accused of defrauding a medical scheme and the labour department's Compensation Fund, has been postponed.

Ex-Enron boss may see shorter jail term

2013-05-09 10:35

Convicted former Enron chief executive Jeffrey Skilling could be freed from jail a decade earlier.

Labour fraud case postponed

2013-05-08 13:06

A fraud case against six former employees of the labour department's compensation fund has been postponed by the Pretoria Magistrate's Court, the department says.

I am not guilty, says ex-Capitec worker

2013-05-06 20:04

An ex-manager who is accused of obtaining crucial Capitec information to take with him to African Bank says he is not guilty of fraud, a court has heard.

One-on-one, we don't stand a chance

2013-05-06 16:43

A Fin24 user who was defrauded of R29 000 from his Absa accounts makes an impassioned plea for properly researched and supported class action.

Small fry to a nation that beat apartheid

2013-05-06 12:17

If South Africans could get the better of apartheid through a united front, we could do the same for the scourge of poor service delivery, says a Fin24 user.

SIM swap bank fraud a major problem

2013-05-02 17:38

Neither banks nor cellphone service providers can be held responsible for losses due to SIM swap fraud because no one did anything wrong, says an expert.

Disappointed after 15 years with Absa

2013-04-30 16:35

Michelle Burger, an e-tv production manager, has told of her SIM swap fraud ordeal after reading about Media24 CEO Esmaré Weideman's R360 000 loss.

All but impossible to catch scamsters

2013-04-30 16:12

A Fin24 user who lost over R19 000 was told by the police that it is nearly impossible to track down the perpetrators.

 

Fraudster Brown living in R8m home

2013-06-18 07:54
104 comments

Convicted fraudster J Arthur Brown, who claims to be living on charity, is living in an upmarket Cape Town suburb in a house worth R8m.

Full account control a huge worry

2013-06-14 13:19

A Fin24 user is worried that SIM swap fraudsters are able to create beneficiaries and transfer amounts much larger than what you have set as your daily limit.

Orange CEO held for further questioning

2013-06-11 12:59

A French prosecutor has decided to hold Orange CEO Stephane Richard for further questioning about his role in a €285m payout, a source says.

Radebe names and shames fraudsters

2013-06-09 15:35
236 comments

Justice Minister Jeff Radebe has released the names of 42 convicted fraudsters, singled out because of the large amounts involved.

Health directors suspended

2013-06-05 13:22

A Gauteng health chief director, two directors, and a deputy director have been suspended for alleged fraud, according to the provincial department.

Total settles US bribe probe for $398m

2013-05-30 13:18

Oil giant Total has agreed to pay $398.2m to settle US criminal and civil allegations that it paid bribes to win oil and gas contracts in Iran.

NPA wants to appeal Brown's sentence

2013-05-24 16:36

The National Prosecutions Authority has applied for leave to appeal against the sentence given to former Fidentia boss J Arthur Brown.

Cyber experts fear escalation of attacks

2013-05-19 15:06

Stealing $45m lifted from two Middle Eastern banks in a daring global plot, might pale next to an attack that could switch off the lights of a major city.

Millions swindled from luxury estate

2013-05-17 09:11

The accountant for Silver Lakes Estate, in Pretoria, has been fired for alleged fraud thought to involve more than R7m, a report says.

Disappointment as Brown walks free

2013-05-15 16:47

The R150 000 fine imposed on former Fidentia boss J Arthur Brown is a let-down as it will not deter white collar crime, says the Financial Services Board.

Ex-Fidentia boss gets off lightly

2013-05-15 11:53
125 comments

Former Fidentia boss J Arthur Brown was fined R150 000 and a given suspended prison sentence for two fraud convictions.

Jail Brown for 15 years - State

2013-05-13 15:27

Former Fidentia boss J Arthur Brown should be given at least the minimum sentence of 15 years' imprisonment for fraud, the Western Cape High Court has heard.

Brown sentencing continues

2013-05-13 07:56

The Western Cape High Court is expected to wrap up sentencing arguments in the fraud case involving former Fidentia boss J Arthur Brown.

Banks in a fix over stolen $45m

2013-05-12 15:00

The two Middle East banks hit in a $45m ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say.

Key SIM swap fraud suspect held

2013-05-10 10:26

MTN's forensic services team joined the SAPS in a sting operation that led to the arrest of a key suspect in a recent spate of SIM swap fraud, a report says.

Capitec fraud case gets technical

2013-05-08 20:59

The trial of a former Capitec manager, alleged to have fraudulently accessed data to take with him to African Bank, has developed into a trial-within-a-trial.

Companies 'cooking books' to meet targets

2013-05-07 08:24

Hard-pressed company bosses across the world are under so much pressure to deliver on growth that many have resorted to dishonest measures, a survey found.

Brown's lawyer dismisses Fidentia probe

2013-05-06 19:15

The Financial Services Board, who found a R406m discrepancy in Fidentia's funds, was not authorised to inspect the firm, the Western Cape High Court has heard.

Easter Sunday SIM swap shock

2013-05-06 13:57

A Fin24 user who was told she had run up a bill equivalent to downloading 50-odd movies in a few hours is fed up with being ignored by corporates.

Fidentia: Millions not accounted for

2013-05-06 12:28

An official has told the court that the Financial Services Board launched a probe after R406m was unaccounted for in Fidentia's books in 2006.

Fin24 users finger banks over fraud

2013-05-03 17:41

Fin24 users are up in arms after being scammed out of thousands from their bank accounts in cases often involving SIM swaps with Vodacom and MTN.

Capitec hits back at fraud claims

2013-05-02 13:52

Capitec Bank has rejected claims that it flouts Fica regulations and so makes itself an easy target for fraudsters.

'Brown does not deserve jail'

2013-05-02 13:06

Former Fidentia boss J Arthur Brown does not deserve to go to jail, his uncle says.

Wiped clean

2013-04-30 16:27

A Fin24 user is at this moment trying to determine how fraudsters got access to her bank account.

Flood of SIM swap victims come forward

2013-04-30 15:45
110 comments

Fin24 has been inundated with emails from users who lost money through SIM swaps following a report of Media24 CEO Esmaré Weideman’s loss of R360 000.

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