Bank fraud

Bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. In many instances, bank fraud is a criminal offence. While the specific elements of particular banking fraud laws vary depending on jurisdictions, the term bank fraud applies to actions that employ a scheme or artifice, as opposed to bank robbery or theft. For this reason, bank fraud is sometimes considered a white-collar crime.

Types of bank fraud

Stolen checks

Fraudsters may seek access to facilities such as mailrooms, post offices, offices of a tax authority, a corporate payroll or a social or veterans' benefit office, which process cheques in large numbers. The fraudsters then may open bank accounts under assumed names and deposit the cheques, which they may first alter in order to appear legitimate, so that they can subsequently withdraw unauthorised funds.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Bank_fraud

Latest News for: Bank fraud case

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SA woman sentenced to 27 months in prison in bank fraud case

Chron 21 Feb 2019

A San Antonio woman was sentenced ......

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Cellphones are still breaking into jails

The Times of India 21 Feb 2019

AHMEDABAD ... Cops probing the cases say most inmates claim they smuggle cellphones into jails after they return from court or hospital ... So are they not checked when theyreturn? ... In the latest case, a cellphone was found at the Ahmedabad central jail on Tuesday from the Shanti Niketan yard, barrack 1 ... They are accused in a Rs 2,654 crore bank fraud case ... ....

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Meet the Judge: What to Know About Amy Berman Jackson

Yahoo Daily News 21 Feb 2019

Stone’s lawyers questioned the fairness of assigning the case to Jackson instead of randomly assigning it to a judge under local criminal rules ... Their offices are jointly handling Stone’s case ... Roger Stone's Lawyers Already Want a New Judge in Mueller Case ... Manafort Should Face 19-24 Years on Bank, Tax Fraud Charges....

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Swiss bank UBS fined €4.5bn by French court in tax fraud case

Irish Independent 20 Feb 2019

0 Comments Swiss bank UBS fined €4.5bn by French court in tax fraud case ... https.//www.independent.ie/business/world/swiss-bank-ubs-fined-4-5bn-by-french-court-in-tax-fraud-case-37835392.html ... A lawyer for UBS said the bank would appeal the ruling ... An appeal could see the case drag ......

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Swiss bank UBS fined €3.7 billion in French tax fraud case

The Hindu 20 Feb 2019

A Paris court on February 20 fined Swiss banking giant UBS €3.7 billion ($4.2 billion) in a tax fraud case, a record for such a case in France. The bank was convicted of ......

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Former Barclays chairman 'not aware' of Qatar fee document, court told

The National 20 Feb 2019

Barclays' former chairman, giving evidence in a landmark London fraud trial, said he first saw a document detailing agreed fees for Qatari investors in the British bank four years after the payment was agreed ... The Serious Fraud Office, which is prosecuting the case, alleges the ......

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France fines Swiss bank UBS €4.5bn in tax evasion ruling

Business Day 20 Feb 2019

Paris — A  Paris court on Wednesday fined Swiss banking giant UBS €3.7bn for tax fraud, a record for such a case in France. Lawyers for the bank, which was convicted of illegally helping ......

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Top news of the day: Pakistan prisoner killed in Jaipur Central Jail, Supreme Court finds ...

The Hindu 20 Feb 2019

The NIA has re-registered the case and formed a team to probe the planning and execution of the terror strike, which claimed the lives of 40 CRPF personnel, an NIA spokesperson in New Delhi said.Swiss bank UBS fined €3.7 billion in French tax fraud case ... for such a case in France....

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Trial kicks off for Jefferson Parish justice of the peace accused of taking money from ...

The Advocate 20 Feb 2019

Suspended Jefferson Parish Justice of the Peace Patrick DeJean was entitled to the money he allegedly took from his court's accounts, his attorney, Mike Fawer, argued Tuesday at the start of DeJean's federal trial on 18 counts of fraud and lying to banks ... Marrero small-claims judge barred from casinos as condition of bond in federal fraud case....

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UBS fined €3.7bn in tax fraud case

BBC News 20 Feb 2019

... €3.7bn (£3.2bn; $4.2bn) in a French tax fraud case....

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Swiss bank UBS handed record €3.7 billion fine by French court for helping clients hide ...

South China Morning Post 20 Feb 2019

A Paris court on Wednesday fined Swiss banking giant UBS €3.7 billion (US$4.2 billion) for tax fraud, a record for such a case in France.Lawyers for the bank, which was convicted of illegally helping French clients to hide billions of euros from French tax authorities, ......

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BREAKING: French court hits Swiss bank UBS with record €3.7 billion fine in tax fraud case

The Local 20 Feb 2019

A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros ($4.2 billion) in a tax fraud case, a record for France ... ....

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French court fines Swiss bank UBS record €3.7 billion for tax fraud

France24 20 Feb 2019

A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros ($4.2 billion) in a landmark tax fraud case, setting a record for France ... ....