Wells Fargo's punishment for fake account scandal: no more growth until Fed is "satisfied"

The Federal Reserve has concluded its investigation into Wells Fargo's decades' long practice of pressuring employees to open fraudulent accounts in the names of its customers to inflate its quarterly figures and rack up service charges. Read the rest

Congressional Budget Office will (eventually) investigate the millions of fraudulent anti-Net Neutrality comments sent to the FCC

In order to ram through its Neutrality-killing bill, the FCC had to break all the rules: ignoring expert testimony, inventing an imaginary alternate internet where Neutrality didn't matter, pretending millions of obviously fake comments were real, obstructing justice when law-enforcement tried to investigate these comments, pretending the evidence supported neutracide, lying about how the Obama FCC created its Neutrality order, and lying about what happened after the order was passed. Read the rest

Seven years after attempting to rip off Ken "Popehat" White, fraudster gets 108-month federal prison sentence

It's been seven years since I started following Ken "Popehat" White's relentless pursuit of a con artist who sent his company a fake invoice. Read the rest

Trump waives criminal punishments for convicted banks, including Deutsche Bank, to whom he owes $130,000,000-$300,000,000

The Trump Administration just published a small notice in the Federal Register announcing that it would waive the outstanding criminal sanctions against some of the world's largest banks, Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank. Read the rest

Wells Fargo's CEO told Congress that he wouldn't enforce binding arbitration, so Wells is getting sued in Utah

A class action suit by some of the 3,500,000+ Wells Fargo customers defrauded in the company's fake account scam was foundering in Utah, thanks to the company's insistence that its binding arbitration clauses also applied to the accounts it fraudulently opened (that is, by agreeing not to sue the company for defrauding you over the accounts you opened, you were also agreeing not to sue them if it opened a bunch more accounts and forged your signature on the papers). Read the rest

Astounding coincidence: Intel's CEO liquidated all the stock he was legally permitted to sell after learning of catastrophic processor flaws

Five months after learning of the devastating Spectre and Meltdown bugs, Intel CEO Brian Krzanich sold off more than $39,000,000 worth of his Intel stock, all he was permitted to liquidate. Read the rest

No More Ransom: a clearinghouse for removing ransomware without paying

No More Ransom is a joint effort by Europol, the Dutch police, Kaspersky and McAfee to help people who've been compromised by ransomware get their data back without paying off criminals. Read the rest

Washington state says Comcast stole at least $73 million from subscribers over 5 years

Washington state is in the midst of suing Comcast over misselling of its "Service Protection Plan," a nearly useless insurance plan that was sold as a way to avoid having to pay fees for faults in your Comcast cable infrastructure. Read the rest

Journalists receive forged lawsuit docs hoaxing a nonexistent sexual harassment suit against Chuck Schumer

Someone is shopping a password-protected PDF of a forged lawsuit against Senate Democratic Leader Chuck Schumer to the DC press; the forgery attempts to trick journalists into thinking that Schumer is being sued by a female former staffer for sexual harassment. Read the rest

Independent auditor: Trump has made it impossible for students defrauded by predatory diploma mills to get their loans cancelled

The US Department of Education's Inspector General has released a report saying that the DoE has stopped cancelling the debts of students who were defrauded by fake universities. Read the rest

The DoJ is going to make Shkreli sell off his unreleased Wu-Tang and Lil Wayne albums, his Picasso and his Enigma machine

Pharmadouchebro/Larval Trump Martin Shkreli was convicted of securities fraud in August and then sent to jail in September for putting a bounty on a lock of Hillary Clinton's hair. Read the rest

Europol warns us not top be suckered into serving as "money mules"

It's one thing to pull off a successful fraud online, it's another thing to get away with it -- when crooks order merchandise with stolen credit cards or make withdrawals with stolen bank details, they risk leaving a trail back to themselves. Read the rest

For the next year, TV, newspapers, and the web will run massive ads from tobacco companies admitting that their products kill people, that they were engineered to be addictive, and that they covered this up

After losing their 19-year court battle with the US Department of Justice, tobacco giants Altria, R.J. Reynolds, Lorillard and Philip Morris USA are now beginning to run their court-ordered "corrective statements" as full-page newspaper ads, major web display ads, and primetime TV spots, containing frank admissions that they violated federal racketeering and fraud laws when they conspired to cover up the fact that their products killed their customers and that they intentionally designed their products to be as addictive as possible. Read the rest

Once you have a student's name, birthday and SSN, the US Department of Education will give you EVERYTHING else

The US Department of Education's Free Application for Federal Student Aid program requires any student applying for federal aid for college or university to turn over an enormous amount of compromising personal information, including current and previous addresses, driver's license numbers, Green Card numbers, marital details, drug convictions, educational history, tax return details, total cash/savings/checking balances, net worth of all investments, child support received, veterans' benefits, children's details, homelessness status, parents details including SSNs, and much, much more. Read the rest

Spam was nearly dead, then it became an essential tool for crime and came roaring back

In the early 2000s, a mix of legislative action, vigorous prosecution and advanced countermeasures looked set to kill spam: the terrible economics of mass-scale marketing could easily be disrupted by even moderately effective curbs. Read the rest

Scientist puts his dog on the editorial boards of seven predatory journals as proof of their negligence

By day, "Olivia Doll" sits on the boards of seven academic journals; by night, she's a Staffordshire terrier named Ollie, owned by Mike Daube, a public health expert in Perth, Australia. Read the rest

Watson for Oncology isn't an AI that fights cancer, it's an unproven mechanical turk that represents the guesses of a small group of doctors

There are 50 hospitals on 5 continents that use Watson for Oncology, an IBM product that charges doctors to ingest their cancer patients' records and then make treatment recommendations and suggest journal articles for further reading. Read the rest

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