Legal

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/Legal

Former Goldman programmer arrested again over HFT code theft

Sergey Aleynikov, the former Goldman Sachs programmer who had his conviction for stealing the bank's propriety HFT code overturned earlier this year, has been hit with fresh charges.

/Legal

Former Lloyds online security head pleads guilty to £2.46m fraud

Lloyds' former head of fraud and security for digital banking has pleaded guilty in connection with a £2.46 million fraud.

/Legal

Chase ATM skimmer jailed for 5 years

A man who went on a year-long skimming spree, targeting Chase Bank ATMs in four US states and stealing more than $400,000 from victims, has been jailed for five years.

/Legal

Mitek ups the ante in legal battle with USAA

Mobile cheque imaging outfit Mitek has raised the stakes in its ongoing legal battle with online army bank USAA to include claims for defamation and unfair business practices.

/Legal

Pulaski accuses rival bank and former employees of data theft

Missouri-based Pulaski Bank has filed a lawsuit against rival First State Bank and three former employees alleging the theft of customer information, loan files and confidential trade secrets.

/Legal

US retailers reach $7.25 billion interchange settlement with card schemes and banks

US retailers have reached a $7.25 billion class action settlement with Visa, MasterCard and nine major credit card issuers, ending a seven-year legal dispute over interchange fees.

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WikiLeaks claims banking blockade court victory

An Icelandic court has ordered local card acquiring outfit Valitor to reopen a gateway to WikiLeaks, giving the whistleblowing Web site its first victory against the banking blockade that has choked off its money supply for over a year.

/Legal

Square sets lawyers on mPowa over Web site pic

Square seems to be getting a bit shirty with mPowa, calling in lawyers to demand the upstart rival remove from its Web site an image that bears a striking resemblance to one on Jack Dorsey's baby's own portal.

/Legal

Ex-Citigroup VP gets eight years for $23m embezzlement

Former Citigroup treasurer Gary Foster has been sentenced to just over eight years in jail for embezzling nearly $23 million from the bank.

/Legal

Crooks jailed over online banking theft

Two men who used the SpyEye malware to steal around £100,000 from online bank accounts have been jailed by a London court.

/Legal

FBI carder sting nabs 24

Following a two year investigation involving 13 countries, two dozen people around the world have been arrested in connection with a massive carding ring.

/Legal

Bank settles with hacked customer over ACH fraud

A Californian business that sued its bank after a hacker drained its online account of around $400,000 has settled the case.

/Legal

Man gambles away $1.5m after bank glitch lets him withdraw unlimited cash

A Detroit man who took advantage of a Bank of America glitch to withdraw $1.5 million he didn't have from ATMs and gamble it away in casinos is facing a jail term.

/Legal

Dutchman faces US card fraud charges

A Dutch citizen has appeared in a US court this week accused of building Web sites through which he sold tens of thousands of stolen credit card details obtained though hacking by his co-conspirators.

/Legal

Former Lloyds online security head charged with £2.46m fraud

Lloyds' former head of fraud and security for digital banking has been charged in connection with a £2.46 million fraud.

/Legal

UK cops seize £4.1m in fake coins

Detectives from the Metropolitan police have arrested three men after seizing a record haul of £4.1 million in counterfeit coins.

/Legal

MasterCard loses court challenge to EC interchange ruling

An EU court has dismissed MasterCard's challenge against a European Commission ruling that the firm's cross-border interchange fees violated competition law.

/Legal

Facebook IPO fallout continues as investor sues Nasdaq OMX

Nasdaq OMX is being sued by an investor over its botched handling of the Facebook IPO, which saw trading delayed and failed order cancellations.

/Legal

Norwegian court acquits day traders in algo cracking case

A pair of Norwegian day traders who cracked the algorithms of US broker Timber Hill have been cleared of wrongdoing by the Supreme Court, according to local press reports.

/Legal

Soca shuts down 36 sites selling stolen card details

The UK's Serious organised crime agency (Soca) has shut down 36 Web sites used to sell stolen card and bank account details and arrested two men accused of using them.