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The LIBOR scandal refers to a major episode of financial collusion in which various banks manipulated one of the most powerful base interest rates in the world. The scheme resulted in the mispricing of financial contracts around the world in transactions such as mortgages, corporate fundraising and derivatives transactions. The scandal has led to several changes in regulations, lawsuits and fines, undermining public confidence in financial markets. Carding
September 25, 2022 Carding is a form of credit card fraud in which a stolen credit card is used to charge prepaid cards. Credit Card Dump
September 25, 2022 A credit card dump is a type of crime in which credit card information is stolen from customers and given to potential buyers. Forensic Audit
September 25, 2022 Forensic medical examination is the examination and evaluation of the financial statements of a firm or an individual. Identity Theft
September 25, 2022 Identity theft occurs when someone steals your personal information and credentials to commit fraud. Online Shoplifting
September 25, 2022 Online shoplifting involves stealing goods from an e-commerce site. Ponzi Scheme
September 25, 2022 A Ponzi scheme generates income for old investors by attracting new investors who are promised high returns with little or no risk. Pyramid Scheme
September 25, 2022 Pyramid scheme funnels revenues from all recruited members from lower levels of the organization to members at higher levels. Spoofing
September 25, 2022 Spoofing to force you to divulge personal information can be done through email, text messages, caller ID, and even GPS receivers. Tax Evasion
September 25, 2022 Tax evasion can be both illegal non-payment and underpayment of actually due tax liabilities. Tax Fraud
September 25, 2022 Tax fraud costs the government millions of dollars a year. UDAAP
September 25, 2022 The abbreviation UDAAP refers to dishonest, misleading or abusive acts or actions of those who offer financial products or services to consumers. Unauthorized Insurer
September 25, 2022 An unauthorized insurer is an insurance company operating without the permission or supervision of a state insurance regulator. Void Contract
September 25, 2022 A void contract is a formal agreement that is in fact illegal and unenforceable from the moment it was entered into. White-Collar Crime
September 25, 2022 White collar crime is a non-violent crime of deception or concealment in order to obtain or prevent the loss of money or gain personal or business gain.