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Corporate fraud: The dark side of business

BBC News By Lesley Curwen image sourceGetty Images image captionWashington DC, 2002: Sherron Watkins recounting to Senators how she uncovered the accounting scandal at Enron I was crouching on the marble floor of a US Senate committee room, hunched over a recording machine, as witnesses swore to tell the truth about the breath-taking collapse of Enron, the seventh largest company in the US. Just a few months earlier in 2001, this brash Texan energy giant had been exposed for hiding huge losses...
United Kingdom United States Markus Braun Jeffrey Skilling Dan Mccrum Ken Lay
Source: bbc.co.uk

RACHEL RICKARD STRAUS: Scammers are getting away billions

The scourge of scammers is now so widespread I wonder if anyone can have escaped it.ย  Are there really people who have not been targeted, or have they been scammed and just dont realise it?ย  A scam for everyone!: So relentless is the bombardment from scammers that it is almost inevitable all of us will receive a scam at some point that rings true We used to think of scams as amateur, shoddy and easy to spot: the realm of emails promising untold wealth, purporting to be from billionaires in Ni...
United Kingdom Toby Walne Helena Wood Royal United Services Institute University Of Portsmouth Commons Treasury Committee

Why can't Action Fraud identify those involved in scams?

Fraud victim Catriona Oliphant is one of the lucky ones. Through steely determination โ€“ and help from The Mail on Sunday โ€“ she recently managed to get her bank to reimburse ยฃ239,000 scammed from her account.ย  But Catriona, a highly-regarded lawyer, was not content. Outraged by the complacency shown by Action Fraud โ€“ a national hub for reporting fraud โ€“ over investigating her case she vowed to take matters into her own hands. Last week, she decided to track down the scammers with The M...
United Kingdom General United Kingdom Catriona Oliphant Rachel Rickard Straus Martin Lewis Richard Emery

A Ponzi scheme for the modern era

A Ponzi scheme for the modern era 4 Hrs Ago In this August 2020 file photo, a sign attached to a pole on the Brian Lara Promenade, Port of Spain, promises easy money while you relax at home. - SUREASH CHOLAI MATT WARNER, journalist November 2020 was the 100-year anniversary of the imprisonment of Charles Ponzi โ€“ infamous creator of the fraudulent scheme to which he gave his name. Exactly a century later, Gutemberg Dos Santos, founder of AirBit Club, a cryptocurrency mining and trading company...
New York United States United Kingdom South Wales Kevin Foster Bernard Madoff

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