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Emmanuel Nwude Odinigwe, popularly known as Owelle of Abagana, [1] is a Nigerian advance-fee fraud expert artist and former Director of Union Bank of Nigeria. [2] He is known for defrauding Nelson Sakaguchi, a Director at Brazil's Banco Noroeste based in São Paulo, [3] of $242 million: $191 million in cash and the remainder in the form of outstanding interest, [4] between 1995 and 1998. [5]
Nick Leeson, English trader whose unsupervised speculative trading caused the collapse of Barings Bank [ 43] James Paul Lewis, Jr., ran one of the biggest ($311 million) and longest running Ponzi schemes (20 years) in U.S. history [ 44] Victor Lustig, con artist known as "the man who sold the Eiffel Tower ".
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. [ 1] In many instances, bank fraud is a criminal offence. While the specific elements of particular banking ...
They stole $300 billion in pandemic relief, according to one FBI official's account, representing the biggest fraud in history. That success emboldened fraudsters to keep going. "They've taken ...
Unfortunately, the banking industry is seeing check fraud on the rise, says Cooke, sharing that instances of check fraud were up 84% in 2022. “Remember to be careful when using checks as they ...
Advance-fee scam. An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [ 1][ 2] If a victim makes the ...
August 6, 2024 at 10:37 AM. A local labor union president appeared in federal court Tuesday morning in Corpus Christi, accused of embezzling over $280,000 in union funds. Robert Cirilo, 41, of ...
Dale Creek Crossing, completed in 1868 as part of the First transcontinental railroad. The Crédit Mobilier scandal (French pronunciation: [kʁedi mɔbilje]) was a two-part fraud conducted from 1864 to 1867 by the Union Pacific Railroad and the Crédit Mobilier of America construction company in the building of the eastern portion of the first transcontinental railroad from the Missouri River ...