SHANGHAI (Reuters) – Chinese police have arrested 36 people in connection with operating fraud on Alibaba.com that prompted the resignations of the firm’s top executives in February, the company said. See the rest here:  Chinese police arrest 36 in Alibaba.com fraud sting

A banker was given 30 years in prison Thursday in the $2.9 billion mortgage industry fraud that sank Colonial Bank in the biggest US bank collapse in 2009, the Justice Department announced. See more here: US banker gets 30 years in big fraud case

NEW YORK (Reuters) – MBIA Inc may pursue a lawsuit accusing Bank of America Corp’s Countrywide Financial unit of fraudulently misleading it about mortgage securities it insured, costing at least $1.4 billion. Read the rest here: MBIA may pursue fraud claim vs BofA’s...

TASTY: Learn the ins and outs of more than 350 common scams. BUMMER: This app is pricey considering its basic interface and that its information can be found in a Web search. View post:  Scam Detector iPhone app will give you an education on getting ripped off

An executive convicted of orchestrating a $3 billion fraud as chairman of one of America’s largest private mortgage companies was sentenced Thursday to 30 years in prison. Excerpt from: Mortgage exec gets 30 years for $3 billion fraud

Two former executives of Afghanistan’s Kabul Bank, which nearly collapsed after millions of dollars of fraud and bad loans came to light, are arrested. View original here:  Fraud-hit Afghan bank chiefs held

SINGAPORE : Fraud has hit more than one-in-five companies in Singapore, suggesting that the attitude towards security may be lax, according to a study released on Thursday by global consultancy firm KPMG. See the original post: Fraud hits over 1-in-5 firms in S’pore: KPMG

An online scam that’s beginning to get old and tired — but it’s still effective Read the original: Romanian Sentenced in eBay, Craigslist, and AutoTrader.com Scam