The co-liquidator of the biggest feeder fund for Bernard L. Madoff Investment Securities says some investors in the Fairfield Sentry funds had knowledge of the massivefinancialfraud and profited as a result.
UBS involved in financial dealings with Parmalat before the massivefraud that caused the bankruptcy of the Italian food conglomerate was uncovered last December, he has now set off a new round of litigation.
PayPal and Amazon have developed fraud detection tools that depend on massive datasets containing not only financial details for transactions, but IP addresses, browser information, and other technical data that will help these companies refine models to predict, identify, and prevent fraudulent activity.