Sarkozy in call to order for finance
Financial Times - President Nicolas Sarkozy of France will use a “credit crunch” meeting in London this day to call for order to be imposed on a financial system that “sometimes seems out of control”. In the face of stock market turmoil, the threat of a US recession, the

Science: Islam’s forgotten geniuses
Daily Telegraph - By the end of the 11th century, Baghdad had lost control over much of its empire, and weaker caliphs were simply less inclined to encourage and finance scientific scholarship. But, just as the golden age of Arabic science began with the

Yes, I did it - but all I wanted was a bonus, rogue trader Jerome
Times On the internet - Jérôme Kerviel, the French rogue trader, was freed on bail last night. He has admitted that he concealed billions of Also in Banking & Finance

It might be time to reassess conventional wisdom about 401(k) investing
Boston Globe - A&E Things to do Travel Cars Jobs Real Estate Local Search Technology Healthcare Markets Small business Personal finance Columnists Are you losing money in your tax-deferred 401(k) and IRA accounts? Here’s a thought that might add to your pain: If you held

Bush Tells Congress to Act on Economy, Tackle Unfinished Work
Bloomberg - He kept up pressure for a proposal to update the Federal Housing Administration and creation of a tougher regulator for government-chartered mortgage-finance companies Fannie Mae and Freddie Mac. Bush said those measures will help the country

Canada considering national security test for foreign takeovers
International Herald Tribune - TORONTO : Canada is considering a national security test for foreign takeovers of Canadian companies amid public concern over a series of deals involving the sale of some of the country’s most iconic companies to foreign buyers. Finance Minister Jim

GE might sell India consumer finance unit - report
Reuters India - MUMBAI (Reuters) - General Electric Co plans to sell some or all of the Indian arm of its consumer finance company, GE Money, the Economic Times said on Tuesday, citing unnamed sources familiar with the transaction. “GE Money remains committed to

Del Monte Foods Company to Participate in the Goldman Sachs Consumer
Forbes - Del Monte Foods Company (NYSE: DLM) announced this day that it will participate in the Goldman Sachs Consumer/Retail Leveraged Finance Conference being held in New York, New York on February 4-5, 2008. Del Monte invites interested celebrations to listen to

On Television / Radio This day
Miami Herald - Business Monday | National | International | Personal Finance | Technology | Small Business | Friday Business Report Food | Health | Home PRO BASKETBALL • 7:30 p.m.: Celtics-Heat, Sun Sports; WIOD (610), WQBA (1140, Spanish) MEN’S COLLEGE BASKETBALL • 7 p.m

Posey’s return a painful reminder for Heat core
Miami Herald - Business Monday | National | International | Personal Finance | Technology | Small Business | Friday Business Report Food | Health | Home D wyane Wade, Udonis Haslem and Jason Williams probably can’t help but feel a little nostalgic Tuesday. Maybe even

Bank Indonesia chief named in graft case
Financial Times - None of the alleged recipients – the Home of Representatives’ commission XI, which deliberates finance bills – has yet been named suspects. Gayus Lumbun, the deputy chairman of the House’s ethics committee, stated he would cooperate closely

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Filed under: Cards, Ripoffs and Scams, Fraud

According to a report from Gartner, about 15 million American were victims of identity theft from mid-2005 to mid-2006. And, based on the headlines — as well as the improvements in technologies — it seems like the threat isn’t abating.

To get some perspective on things, I interviewed Scott Mitic, who is an expert on ID theft and the CEO of TrustedID (he also has a great blog).

What are you seeing with ID theft?

We’re seeing increases this day in both child identity theft and medical identity theft — two relatively new ways for thieves to use personal information for financial gain. Of course, the more common forms of identity theft — credit card fraud and “new account origination” id theft — aren’t going away either.

Some ways for consumers to protect themselves?

Consumers need to be taking proactive steps to protect their identity. Shredding documents and subscribing to a credit monitoring service no longer suffice. TrustedID advocates putting fraud flags on your credit report, checking your kids’ credit reports at least once per year, and requesting that your insurance company regularly send you a summary of all medical claims paid in your name.

Speak a bit about the Suze Orman deal?

TrustedID and Suze teamed up together to create a product that offers the broadest and strongest possible protection for a whole family. We’ve purposely priced it at under $50 dollars to make it inexpensive to all Americans.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar On the internet Guide to Decoding Financial Statements. He also operates DealProfiles.com.

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Filed under: Extracurriculars, Ripoffs and Scams

Here’s an item to file under “insensitive morons.”

Businessman Tomas Delgado is suing the family of a 17-year old biker whom he struck and killed with his automobile. The reason? The impact of the boy’s body caused $20,500 worth of damage to the body of his Audi A8.

He is also asking for money to cover the cost of the other vehicle he drove while his car was being fixed.

According to Reuters, the biker’s “family won 33,000 euros compensation from Delgado’s insurance company after the firm acknowledged he had been driving at excessive speed and this could have contributed to the incident.”

Ugh. Hopefully a judge will dismiss the suit with some strong words for this reckless insensitive brute.

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Filed under: Ripoffs and Scams

A multi-million dollar shoplifting ring has been uncovered in Florida, and so far 18 people have been implicated in the theft of $100 million of health and beauty items. The arrest of two shoplifters at a Publix supermarket in June 2007 got the ball rolling. They stole $4,500 of Oil of Olay products that day and were charged with grand theft. They and their cohorts used special bags that helped conceal the stolen goods, and police say they were very good at what they did. The shoplifters were paid up to $3,000 cash for each delivery of stolen goods to the leaders.

The shoplifting ring has been operating for at least 5 years and there are victims in at least 11 counties. The police say everyone reported to two middlemen and two ringleaders who sold the stolen beauty products out of warehouses and flea markets. They also made sales through eBay and through a website they set up to sell the stolen goods.

How do you know that the goods you’re buying on eBay and other websites aren’t stolen? Quite simply, you don’t. I’m sure none of the buyers from these people had any idea that they were selling stolen goods. That’s the risk we take when we buy on the internet.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.

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Filed under: Law, Employees, Scandals, Headline news

Prosecutors investigating the fraudulent trading scandal involving J

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Top Candidates’ Teams Look to the Lawyers
Washington Post - Barack Obama ’s finance director, Julianna Smoot, was huddled with a group of Florida attorneys whose hearts, if no longer their inner handicappers, were still with former senator John Edwards , the candidate they all called “Johnny.” With South

‘Spartans’ win box-office battle
Los Angeles Times - Nu Image sold off most overseas theatrical rights to finance the production. Sony Pictures’ “Untraceable,” starring Diane Lane as an FBI investigator on the trail of a serial killer who posts live video of his next victims online, opened at the upper

Online fans hail finance’s Che Guevara
Guardian Unlimited - Last week he was a “genius of fraud” and the “French Nick Leeson”. Now Jérôme Kerviel is being dubbed “the Che Guevara of finance” and has a rapidly growing online fan base. Support sites opposing his incarceration and groups calling for Kerviel to

Stock Drop Delays Highest Number of IPOs in 10 Years (Update1)
Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology Jan. 28 (Bloomberg) — Tumbling equity markets prompted 24 companies this month to cease plans for initial public

South Korea’s Lee names ex-foreign minister as PM
Reuters India - By naming Han Seung-soo as premier, Lee Myung-bak is turning to a proven technocrat who has already served as foreign, finance and commerce minister, to manage the government’s policy at home and abroad, analysts stated. Prime ministers in South Korea

Pierre M Omidyar
Forbes - Personal Finance ForbesLife Lists Views Video Blogs E-mail Newsletters People Tracker Portfolio Tracker Special Reports Commerce Energy 39 years old Pierre M. Omidyar, age 39, founded eBay as a sole proprietorship in September 1995. He has been a

Checks by SocGen missed $73 billion wrong-way bet
Boston Globe - Three days after stunning world finance with news that a lone, lowly trader had punched a hole in its compliance systems and forced the bank to seek a lifeline of new capital, SocGen set out in detail how it states he took dizzying risks undetected

Company Profile For Bosideng International Holdings Ltd
Reuters UK - Revenues reflect an increase in income from Down Apparels segment and higher income from OEM segment. Net income was partially offset by an increase in other income, absence of other expenses, increase in finance income and decrease in income tax

Cell phone can read documents for blind
Miami Herald - Business Monday | National | International | Personal Finance | Technology | Small Business | Friday Business Report Food | Health | Home Chris Danielsen fidgets with the cell phone, holding it over a $20 bill. “Detecting orientation, processing U.S. currency

Weighing the odds for Maryland
Baltimore Sun - Besides helping to reduce a $1.3 billion budget deficit, the revenues from these machines, Ehrlich contends, would be used to revitalize the state’s horse racing industry and finance the Thornton Commission legislation adopted last year by the

Federated, Eaton Vance Buy FNMA 5.5s, Sell Treasuries (Update1)
Bloomberg - As an substitute, mortgage bonds guaranteed by housing finance companies such as Washington-based Fannie Mae and Freddie Mac of McLean, Virginia, yield 97 basis points more than Treasuries on average, according to index data from Merrill Lynch & Co

Lender’s rehabilitation nears endgame
Financial Times - Countries and so-called supranational and agency borrowers (which include the US mortgages fund raisers Freddie Mac and Fannie Mae and public finance institutions such as the European Investment Bank) raised almost $19bn (£9.5bn) in the first week

French style of capitalism stained by bank scandal
International Herald Tribune - The bank pioneered some of the most complex instruments in international finance, earning billions of dollars and the grudging respect of its American and British rivals. So it was a shock to their national pride when top executives of Société

PERSONAL FINANCE: Where credit is due
Newsday - Bob Friedrich always pays his bills on time . . . well, nearly always. Three years ago, he sent in his monthly mortgage payment as usual, but it got lost in the mail. He thought the problem was history after he paid the overdue balance the following

Bringing IT into Focus
Silicon Republic - 28.01.2008 - Charity for the homeless Focus Ireland has tripled in size without increasing its finance department thanks to accounting software from Exchequer, writes Niall Bryne. Focus Ireland has been using the Exchequer Enterprise accounts package

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Save money: Remodeling now, upgrade later
San Francisco Gate - Today we’ll look at some ways you can save money without sabotaging your project. The strategy is simple: Economize on items that can be easily removed and upgraded later on, not on items that have to last the life of the home. This may mean putting

(Repeating story that intially moved on Friday, Jan. 25)
Reuters - mortgage crisis, and the mushrooming lawsuits against the Calabasas, California-based lender and long-time Chief Executive Angelo Mozilo alleging aggressive, unfair or improper lending, or that they should be liable to stockholders who lost money

W*USA 9 News Now & Defense News Join Forces for a Unique New Program
MSN MoneyCentral - For today’s top Money video click here News Providers Associated Press bizjournals.com Briefing.com BusinessWeek Wall Street Journal W*USA 9, the Washington, D.C., CBS affiliate, and Defense News, the world’s premiere defense news weekly, are

Even with tough mortgage laws, NC faces more foreclosures
Houma Courier - Bayou Business Review MarketWatch Obituaries Police Reports Weather Multimedia Today’s Pics Pic Reprints RSS Feed Committee speakers seemed most interested in asking the Legislature when it reconvenes in May to set aside state money to pay

GMA invites Dubai investors, flies home this day
Manila Bulleting Online - DUBAI, United Arab Emirates (via PLDT) – President Arroyo invited top Dubai businessmen to invest in the Philippines, offering the ideal “value-for-money” amongst neighboring economies. “Today, I’m interested in getting your investment to the

Fortis Confirms Sound Capital and Solvency Position and Unchanged
MSN MoneyCentral - For today’s top Money video click here News Providers Associated Press bizjournals.com Briefing.com BusinessWeek Wall Street Journal Update on 2007 profit forecast taking into account very stringent and market consistent sub prime assumptions In

Lieberthal calls it a career after 14 seasons
USA This day - The money was great as a backup, but I’ve made (enough) money in baseball. I just didn’t want to go through what I have to Conversation guidelines: USA TODAY welcomes your thoughts, stories and information related to this article. Please stay on

Rich “piling into the lifeboats”
San Francisco Gate - are getting more massive pieces of the American real estate pie, as the Chronicle reported this day, it’s only fair that Americans return the favor and spend more of their disposable income outside the country. Isn’t it? Daniel Gross, Newsweek’s ‘Money Culture

Gadhafi’s son is stated to be behind explosion in Mosul
St. Louis Post-Dispatch - Many of the council’s fighters are believed to have been insurgents themselves until they began receiving money from the Americans to turn their guns on their former extremist allies. The U.S. military did not immediately respond to an e-mail request

Johnson ‘100% honest’ over donation
Peterborough Evening Telegraph - Instead, Mr Siddiqui’s brother-in-law Ahmed Yar Mohammed - treasurer of Croydon Central Labour Party - asked him to write a cheque, and then gave him the money. Mr Mohammed confirmed that he used his brother-in-law to channel the cash, but insisted

Cellcom Israel Ltd. Announces Prepayment of Credit Facility and
MSN MoneyCentral - For today’s top Money video click here News Providers Associated Press bizjournals.com Briefing.com BusinessWeek Wall Street Journal NETANYA, Israel, Jan. 27 /PRNewswire-FirstCall/ — Cellcom Israel Ltd. CEL (the “Company”) announced that the

The ‘Dawson’s Creek’ phenomenon continues in Wilmington
Houma Courier - Bayou Business Review MarketWatch Obituaries Police Reports Weather Multimedia Today’s Pics Photo Reprints RSS Feed She’s now starring in “Mad Money” opposite Diane Keaton and Queen Latifah. Michelle Williams is the only cast member to be

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Today’s best bets
Athens Banner-Herald - Martial arts students will kick up a storm to raise money for St. Jude Children’s Research Hospital. Even though the students have been sponsored, volunteers will accept additional donations. Other events include an Aikido seminar, a pizza celebration, a

Former Indonesian Dictator Suharto Dies
ABC News - Even this day, Suharto’s children and aging associates have considerable sway over the country’s business, politics and courts. Efforts to recover the money have been fruitless. Suharto’s youngest son, Hutomo “Tommy” Mandala Putra, was released from

Crist blitz could save tax amendment
Miami Herald - Crist blitz could save tax amendment The property-tax amendment would fail if the vote were this day, but a push by the governor I have the ability to come up with the money” to pay his additional taxes, he said, “but what about people who can’t?” He added: “Many

Motivation of France’s rogue trader remains a mystery
St. Louis Post-Dispatch - Employed by Societe General since 2000, Kerviel worked his way up from a supporting role in an office that monitors trades to a job on the futures desk where he invested the bank’s money by hedging on European equity market indices. That means he

Cigar accessories might end up being more costly than even your cigar
Economic Times - The Week That Was l Markets l As You Like It l Games People Play l Backpage l World Update l Dateline India l Money & You l Special Report l Today we have a 65% market share and are growing at 40% y-o-y. With high disposable incomes and exposure to finer things in

Today’s Letters: Law enforcement is too involved in our schools
St. Petersburg Times - near prisons this day. And this is where we send our children to learn. Our world has become a demented and perverse place. I understand that sometimes incidents might occur that require different strategies. But a couple of children grabbing lunch money and

Follow the money — to North Port
Charlotte Sun-Herald - NORTH PORT — When North Port was founded a half century ago, residents had few options for banking. Most traveled to either Port Charlotte or Venice to deposit money and apply for loans. But the banking business has grown over the years and today

China Voice Holding Corp. Signs Contract Valued in Excess of $40
MSN MoneyCentral - For today’s top Money video click here News Providers Associated Press bizjournals.com Briefing.com BusinessWeek Wall Street Journal China Voice Holding Corp. (CHVC) (OTC:CHVC), announced today that its wholly owned U.S. subsidiary, StarCom

Morton is Syndicate’s ideal asset
Daily Telegraph - new institutional investors if he’s to go after larger acquisitions. This is an interesting business fully priced today You’re here: Telegraph > Money > Business

The party’s fun, but the money’s good, too
The Daily Advertiser - Louisiana has been a place to party on Mardi Gras since the first Europeans got here, but the celebration’s always been partly about money as well as fun - with a bit of politics blended in. That mix continues today as costumers mimic political figures

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