Posts tagged as Fraud

Lithuanian fintech under scrutiny over potential role in Wirecard fraud

Monday, May 17, 2021

Company in Vilnius processed more than €100m in payments being examined by German prosecutors. Prosecutors suspect a Lithuanian payments company was used to steal more than €100m from Wirecard weeks before it collapsed, with some of the money channelled to the German group’s now fugitive second-in-command Jan Marsalek. Wirecard went bust last June after disclosing a €1.9bn hole in its balance sheet. Munich prosecutors suspect that hundreds of millions of…

Delivery service Omniva warns about fraud SMS

Tuesday, December 29, 2020

Parcel delivery service Omniva said December 29 there have been fraud messages sent to residents requiring payment transfer to bank account. Fraudsters under the name InfoOMNIVA have sent messages to receivers of private consignments demanding to pay upfront to the indicated bank account. The company said that Omniva never asks customers to transfer money to bank account via SMS and in case such messages or possibly e-mails are received, residents are…

Cyber scammers start to use data from public tender register

Tuesday, August 4, 2020

The Information System Authority (RIA) registered 276 internet fraud incidents in June. According to the authority, the number of incidents has remained at a normal level. A new type of billing fraud has started to spread, however, and scammers have started using the details found in the public tender register to pose as the actual tender-winner in some cases. “The fraudsters took public data in a specific case, the public…

Lithuanian businessman detained in Slovenia under Russia’s request

Monday, July 27, 2020

Lithuanian businessman Vidmantas Kučinskas, the founder of the Arvi business group, has been detained in Slovenia over suspicions of fraud in Russia, sources have told BNS. Lithuania’s Ministry of Foreign Affairs told BNS on Friday a Lithuanian citizen had been detained in Slovenia, without disclosing the person’s identity. “Due to data protection, we can only confirm that a Lithuanian citizen was detained in Slovenia on Friday. We do not provide…

Vilnius city officials and a firm suspected of fraud in lung ventilator deal

Wednesday, May 27, 2020

Lithuanian financial crime investigators, the FNTT, are looking into a deal by Vilnius Municipality to procure lung ventilators. The firm Andrikus, which has failed to deliver the goods despite being paid in advance, is suspected of tax fraud. City administration employees are also under investigation for suspected abuse and embezzlement, the Financial Crime Investigation Service (FNTT) said in a statement. On Tuesday, FNTT officers took documents from the municipality’s offices…

Lithuanian businessman charged with large-scale fraud in Russia

Monday, June 3, 2019

Lithuanian businessman Vidmantas Kucinskas says he has no knowledge of large-scale fraud charges against him in Russia. Russia’s Alfa Bank is trying to recoup a debt of around 20 million euros from Kucinskas through courts, and the latter believes the bank might try to employ such tactics to bolster its position during the negotiations on the their dispute’s out-of-court settlement, launched some six months ago. According to Laurynas Lukosiunas, a…

Fraud discovered in the Estonian Health Ministry

Thursday, May 16, 2019

“Serious political interference” and signs of fraud have been discovered in the Health Ministry’s two recent ICT projects, Health Minister Ilze Vinkele (For Development/For) told journalists Wednesday. She said that already before taking office as health minister, she received information from multiple sources that the Health Ministry’s ICT projects are strongly politically influenced and that they are managed through the minister’s political office instead of relying on the ministry’s staff.…

Officials of Riga Tourism Development Bureau to be probed for embezzlement, fraud other offenses

Monday, May 13, 2019

The Corruption Prevention Bureau (KNAB) has started a criminal probe against several officials of the municipal foundation Riga Tourism Development Bureau (RTAB) over embezzlement of budget funds, counterfeiting of documents and use of counterfeit documents, as well as fraud, LETA was told at the anti-corruption bureau. As LETA observed, KNAB officers, including operatives in masks, raided the RTAB office on Monday. KNAB representatives confirmed that an urgent operation was under…

Latvia’s corruption watchdog accuses KPV LV member of fraud; politician denies guilt

Wednesday, April 10, 2019

KPV LV Saeima faction chairman Atis Zakatistovs denies his guilt in accusations regarding possible fraud. He told journalists on 10 April that he wants to better understand the situation before making future decisions. He said he is not involved in any fraud, adding that he did provide some consultations. He did not say who exactly who the client of his services was. When asked if he is prepared to put…

Tesla CEO Elon Musk Calls US Regulator’s Accusations of Fraud ‘Unjustified’

Friday, September 28, 2018

Tesla founder Elon Musk has refuted the US Securities and Exchange Commission’s (SEC) accusations against him of making false and misleading statements to the company’s investors, calling them unjustified. “This unjustified action by the SEC leaves me deeply saddened and disappointed … I have always taken action in the best interests of truth, transparency and investors. Integrity is the most important value in my life and the facts will show…