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Fraud

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1-21-14 Target Data Breach On The Morning News With Dave Lee

Why are there discrepancies in the reports coming out of Texas? Click the link to listen…

01/21/2014

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Zygi Wilf Strikes Back At NJ Court Ruling

Minnesota Vikings owner Zygi Wilf has appealed a court ruling requiring him and his family to pay $100 million in damages and legal fees over a broken deal to develop an apartment complex in his home state of New Jersey. Wilf, his brother Mark Wilf and cousin Leonard Wilf filed their appeal Wednesday in New Jersey Superior Court’s Appellate Division.

01/09/2014

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Good Question: How Much Does Insurance Fraud Cost Us?

More than 100 former New York City workers – including police officers and firefighters – were charged Tuesday with defrauding the disability system. Some are accused of fishing or doing karate after saying they were too injured or too depressed to work. Prosecutors say the alleged scams cost the federal government about $400 million. Every year, Americans pay $1.1 trillion in private insurance premiums, but a big chunk of that money goes to pay out false insurance claims.

01/08/2014

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Lawsuits Emerging From Data Breach At Target

The first federal lawsuits are now being filed over the massive data breach at Target. Three Minnesotans are among those who say the Minneapolis-based company put them at risk. The company confirmed last week that someone had stolen credit and debit card information from as many as 40 million Target shoppers. The thefts went undetected for more than two weeks.

12/23/2013

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Weak U.S. Card Security Made Target A Juicy Target

The U.S. is the juiciest target for hackers hunting credit card information. And experts say incidents like the recent data theft at Target’s stores will get worse before they get better.

12/22/2013

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Fake Target Discount Emails Link To Fraudulent Sites

Target is apologizing to customers for its widespread data breach by offering a discount to everyone this weekend. But on Saturday, some of the emails customers received may have been part of a phishing scam. According to the Wall Street Journal, fake emails were sent out Saturday that looked close to the real ones. But instead of linking people to credit bureau websites, the sites were fraudulent.

12/21/2013

Target Store Opens On Site Of Formerly Infamous Chicago Housing Projects Cabrini Green

Target Reassuring Shoppers, Says There’s Few Reports Of Fraud

Target is trying to reassure its customers in the wake of the retailer’s massive data breach. Someone stole 40 million credit and debit card numbers between Nov. 27 and Dec. 15.

12/20/2013

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Esme’s Blog: The Final Humiliation Of Tom Petters

If there were ever a Minnesota case where cameras in the courtroom would have been a benefit to the public, it is the Tom Petters case, in my opinion. For four remarkable days in the winter of 2009, Petters testified, maintaining with a cocky flair, that he was an unwitting pawn in a $3.6 billion Ponzi scheme. It was all the work of his underlings he said, and that he had no idea what was going on.

10/26/2013

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Petters Fundraiser Vennes Sentenced To 15 Years In Prison

Frank Elroy Vennes Jr. was sentenced to 180 months in prison on Friday, in connection with fraudulently raising money through hedge funds for investment in Petters Company. Vennes was a long-time associate of Thomas J. Petters, the Minnesota businessman convicted in 2009 of orchestrating a $3.65 billion Ponzi scheme.

10/18/2013

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Coin Dealer Sentenced To Prison For Bilking Investors Out Of $3.3M

A 53-year-old Excelsior coin dealer was sentenced Thursday in federal court for defrauding customers and investors out of more than $3.3 million. David Laurence Marion was sentenced to 60 months in prison for one count of conspiracy to commit mail and wire fraud, and one count of money laundering.

08/29/2013

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Talking Points: Wilfs’ Fraud Issues & The Vikings Stadium

The Metropolitan Sport Facilities Authority was supposed to vote later this week on some of the final agreements for the Vikings stadium deal. But those votes have been postponed after Gov. Mark Dayton called for a review of the nearly $1 billion stadium plan.

08/18/2013

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Vikings Owner: Lawsuit Won’t Impact Stadium Deal

Minnesota Gov. Mark Dayton is urging an authority overseeing the new Vikings stadium to take extra precautions as it finalizes an agreement with the team’s New Jersey-based owners given their legal woes back home.

08/08/2013

money, generic, 100s, cash, bills

Fmr. Chisholm Man Pleads Guilty To Defrauding Customers Of $1M

A 26-year-old Michigan man, formerly of Chisholm, pleaded guilty to defrauding customers of his custom car shop out of more than $1 million. Edwin Scott Verdung pleaded guilty to one count of wire fraud, and one count of transaction money laundering while working at Memory Lane Classics.

08/01/2013

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Nurse Pleads Guilty In Drug Fraud Case

A 38-year-old nurse from Madelia pleaded guilty in Minneapolis Federal Court Thursday to fraudulently getting the controlled substance oxycodone while working at an inpatient health care facility.

08/01/2013

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Good Question: What Can You Buy With Food Stamps?

In an average month, 514,900 Minnesotans receive SNAP benefits, formerly known as food stamps. The average monthly payment is $117.26 per person. In a visit to Bergan’s SuperValu, WCCO loaded seven items into a grocery cart – cookies, candy, ice cream, dishwashing detergent, hot macaroni and cheese, dog food and steak – to test shoppers on their knowledge of what’s eligible.

06/19/2013

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