Displaying items by tag: Fraud
The US Department of Justice has confirmed that it will continue to seek the extradition of Huawei CFO Meng Wanzhou who was arrested in Vancouver in December. The DOJ are claiming that she violated trade sanctions with Iran and want her to appear on trial in the United States.
The arrest of the prominent Huawei CFO who is the daughter of the company’s founder kicked off a diplomatic row between China and Canada, which is still ongoing. China detained a number of Canadian diplomats in the immediate aftermath of the arrest of Wanzhou in Vancouver, which was seen as retaliation.
However, the DOJ are continuing their efforts in terms of extraditing the Huawei CFO back to US for questioning, despite reports to the contrary that claimed they were willing to drop the extradition order.
"We will continue to pursue the extradition of defendant Ms. Meng Wanzhou, and will meet all deadlines set by the US/Canada Extradition Treaty," said Justice Department spokesperson Marc Raimondi.
Wanzhou was freed on bail of Can$10 million (US$7.5 million) bail and is awaiting a hearing on her extradition. According to the agreement between the two countries, the United States has 60 days after an arrest made at its request in Canada to formalize an extradition request.
Once a request has been submitted, the Canadian justice ministry then has 30 days to proceed with official extradition proceedings, though the process can take months or years.
The Canadian and German government are reportedly both seriously considering excluding Chinese telecommunications behemoth Huawei from its 5G networks due to security concerns.
The European Commission has reportedly given social networks GooglePlus, Facebook and Twitter a month to figure out how they will comply with an EU regulatory framework designed to protect users from fraud, after the EC received complaints from users who were targeted by fraudsters via the social media sites.
“The Commission and the consumer authorities will review the final proposals,” said a statement by the EU. “If they are not satisfactory, consumer authorities could ultimately resort to enforcement action.”
The three social media companies had been contacted by EU consumer authorities in November 2016, under the leadership of the French consumer authority, which asked the firms to address the fraud cases.
Under the EU’s Unfair Contract Terms Directive, social media companies cannot deprive consumers of their right to go to court in their member state of residence, or require them to dismiss mandatory rights such as entitlement to withdraw from an online purchase. In addition, social media firms must remove any fraud and scams that appear on their sites which could be misleading to consumers.
Germany is reportedly working towards a new law that asks social networks to remove slanderous or threatening online postings or else face fines of up to 50 million euros.
EU commissioner for justice, consumers and gender equality, Vera Jourova, said it was “not acceptable that EU consumers can only call on a court in California to resolve a dispute.” Jourova said social media companies “need to take responsibility in addressing scams and fraud happening on their platforms.”
Europol have seized the domains of 4,500 websites after they discovered that they were peddling fake brands and products to consumers online. The massive crackdown saw Europol work closely with police and law enforcement officials all over Europe in their attempts to close websites guilty of engaging in mass fraud.
It was established that the websites were trading in counterfeit goods and that thousands of people had been duped by the elaborate scam across a series of regions in Europe. It also emerged that some of the products sold posed a serious health and safety risk to consumers.
A spokesman for Europol said: “The internet has become an essential channel for e-commerce. Its instant global reach and anonymity make it possible to sell nearly anything to anyone at any time.Counterfeiters know it and are increasingly exploiting the unlimited opportunities the internet offers.”
Agencies from over 27 countries were involved in the operation, with most coming from Europe, although some agencies from the US and Canada were also involved in the crackdown on internet fraud. Products ranging from luxury goods, sportswear, spare parts, electronics, pharmaceuticals and other fake products were being peddled by the fraudsters.
Europol director Rob Wainwright revealed that an operation held in collaboration with the US Immigration and Customs Enforcement and Homeland Security is held every year, and he disclosed alarming details that there had been a ‘significant increase’ in the number of seized domains names in contrast to last year.
In the last fortnight Dutch anti-fraud police squad arrested a dozen people across Holland as they searched homes and warehouses. It was also disclosed that the sale of counterfeit goods had occurred on social networking sites such as Facebook and Instagram.
The Dutch Fiscal Information department released a statement on Europol’s crackdown operation in conjunction with other agencies. It read, "This is a relatively new phenomenon in the trade in counterfeit brand names - more than 3,500 items of clothing and fake luxury goods were seized in Holland, including shoes, bags and perfumes purporting to be such brands as Nike and Adidas with a market value of tens of thousands euros.”
Publishing a guide on how to spot fake websites and social media scams, Europol warned consumers had to be on their guard. "When shopping online, you are more likely to fall victim to counterfeiters," it said as "without the physical product to look at and feel, it can be more difficult for you to spot the differences.” It also warned that by using illicit websites online shoppers "are exposing your computer or mobile device to cyber-attacks like phishing or malware."