Fraud Protection Adjustments: 5 Actionable Suggestions

With counterfeiters having access to millions of potential victims online, counterfeiting is set to increase almost multi-fold as they can now sell a host of fake products through online auction sites. It’s not just the financial institutions that need loss prevention or fraud prevention company management system; even other enterprises are in need of effective protection from any potential frauds. Shawn was also part of a small team of professionals providing risk management services to Asian institutions. As Chief Investment Strategist, Eugene is involved in the development and evaluation of asset strategic plans, development and modelling of analytic tools, reviewing and analysing investment data to formulate investment strategies, and the investment risk management process. Some of the rest of Mr Provini’s CV is raised my eyebrows too – for instance he worked as the President of Laidlaw Asset Management. Provini & Co., Inc., a financial services firm, founded in 1991. Prior to this, Charles held various senior positions, including, President of Ladenburg Thalmann Asset Management, Director at Ladenburg Thalmann, Inc., one of the oldest members of the New York Stock Exchange, President of Laidlaw Asset Management, Chairman and Chief Investment Officer of Howe & Rusling, Laidlaw’s Management Advisory Group, President of Rodman and Renshaw’s Advisory Services, and President of LaSalle Street Corporation, a wholly-owned subsidiary of Donaldson, Lufkin & Jenrette.

The third CV is of Charles Provini who used to be the CEO of Paradigm Global. When I copied these CVs off the Absolute Alpha website Provini had not worked for Paradigm for about two years. Eugene Liu’s CV is not so careful mentioning two firms, Pacific Continental Securities and World Financial Capital Markets. World Financial Capital Markets is a little harder to trace as a firm. It does not mention a single firm that Shawn ever worked for -. Shawn holds a bachelors degree in Finance from the University of Moncton. Eugene holds a degree in economics from Trenton State College in New Jersey. Eugene also led a team of arbitrage specialists who provided structured product deal flow to many of the largest hedge funds in the industry. Irrespective of the industry that you belong to, you have to ensure strong preventive measures to check the occurrences of counterfeit or gray market sales. A few months have passed and eventually all major Trio entities were placed in administration by the superannuation regulator. I sincerely hoped I was wrong – and hoped the regulator would prove me incorrect by identifying and valuing the assets.

The legislators try to take action and stop the fraud – but as always, they do it all wrong. The whole mess will be explored by the accountants – and if the assets are not there then the matter will played in court – at which point I will publish my “Markopolos letter” analysing what I got right and wrong. However on this important matter their actions were exemplary. Incidentally – I was attempting to log into the Absolute Alpha website because I was discussing the whole matter with a reader from Talking Points Memo. Shawn is the founder of Absolute Alpha. But for the moment I will leave you with what attracted me to Absolute Alpha in the first case. Eugene is the Chief Investment Strategist of Absolute Alpha. Charles has been involved in hedge funds for more than 20 years and is a senior asset consultant and member of Absolute Alpha’s investment committee. Prior to founding Absolute Alpha, Shawn has held and continues to hold, various senior positions, including directorships of companies both in Australia and overseas. This was explored widely in the UK press including beautiful articles about a salesman’s time as scam artists.

Their website is also a great place to learn more about their credit cards including the interest rates and pictures of each kind of card. This kind of fraud occurs when illegitimate companies are able to persuade their customers to not pay their taxes, particularly those who have very high interest rates. There are tools built into the Wallet app to encourage users to pay off their balances quicker to avoid interest fees. No, unless there is a name change. They make applying for one of their cards very simple and there are no hidden charges. A man in California who received more than $5 million in Payment Protection Program loans intended to help struggling businesses during the coronavirus pandemic was arrested on Friday on federal bank fraud and other charges after he used the money to buy a Lamborghini and other luxury cars, federal prosecutors said. Last week a federal judge ruled that Texans will not be required to present an ID in order to vote in the November general election. They will probably be liquidated. The FTC reported $1.9 billion in losses due to fraud in 2019. If you’re ever a victim of fraud, Progressive ID Protection by IDnotify, a part of Experian, will work with you and on your behalf to restore your identity and credit.

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