Is there a single business in the U.S. that's resisted raising prices since early 2020? Good luck finding one. But there's a fine line between passing along higher costs of doing business to the customer, and "fixing" prices. Case in…
Fraud
Non-bank financial institutions are facing a double whammy, courtesy of the Consumer Financial Protection Bureau (CFPB). A new federal registry -- liable to be accessible on the Internet after its launch -- will list "corporate offenders that have broken consumer…
Ever-growing postage rates are driving companies to digitize as much as possible. A record-high rate hike set for July 14 is going to impact companies that rely on the mail to do business. The U.S. Postal Service (USPS) announced it…
Believe it or not, more than 80% of workers like their employers' Paid Time Off (PTO) packages. But that doesn't stop a surprising percentage of workers from abusing it. Thirty-seven percent of Millennials (workers in their late 20s, 30s and…
That familiar voice on the phone? Could be a deepfake. The face you've seen a thousand times in meetings? Don't assume it's the real person talking to you on a video call. Cyber criminals are perfecting new scams using AI,…
How did a diversity, equity and inclusion (DEI) program manager defraud Facebook and Nike of more than $5 million? With the help of crooked relatives and friends, as it turns out. Former DEI program manager Barbara Furlow-Smiles was sentenced to…
You can't be too careful out there! Fraud is a risk in every area of finance -- even the auditor hired to analyze data and file truthful reports may be cutting corners. The Securities and Exchange Commission (SEC) charged a…
Threat actors, hackers, cyber thieves -- they go by many names, but they've all got one characteristic in common. They aim at the weakest links in the most vulnerable systems to exploit and then wreak havoc. A red-hot target? The…
The wave of tech fraudsters landing in the slammer rolls on. Elizabeth Holmes of Theranos infamy, crypto hustler Sam Bankman-Fried ... and now Manish Lachwani, the ex-CEO of HeadSpin, an analytics startup he co-founded. Lachwani inflated his company's worth and…
Looks like company executives are damned if they do and damned if they don't report a financial violation committed by their companies. The Department of Justice's (DOJ) criminal division clarified that its voluntary disclosure policy doesn't apply to chief executive…
Does it feel like the cost of nearly everything is on the rise or not coming down? Just when a commodity comes down in price, another one creeps back up? Gasoline and diesel prices at the pump are on the…
The Securities and Exchange Commission (SEC) under President Biden continues to make an example of companies and individuals that don't tell customers and investors the whole truth and nothing but. Two investment firms are the latest to feel the wrath…
