Fraud, Police | featured news

Hundreds of soccer matches have been fixed in a global betting scam run from Singapore, police said on Monday, in a blow to the image of the world's most popular sport and a multi-billion dollar industry.

A Phoenix woman accused of pretending to have cancer to raise money for breast implants was sentenced on Wednesday to one year in jail, local media reported.

U.S. and international law enforcement officials arrested dozens of suspects around the world in what they called the largest ever such action against online credit card scammers.

Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial crimes.

Swiss banking giant UBS said Thursday that a rogue trader has caused it an estimated loss of $2 billion, stunning a beleaguered banking industry that has proven vulnerable to unauthorized trades. Police in London said they arrested a 31-year-old UBS trader, Kweku Adoboli, in the alleged fraud. UBS declined to confirm his name.

Panicked as the FBI closed in Friday morning, Prince Georges County Executive Jack Johnson and his wife Leslie raced to find a $100,000 check for an alleged kickback and flush it down the toilet.