Greek Shipowner Torched His Tanker in $77 Million Insurance Fraud: London Judge October 9, 2019 By Franz Wild and Kit Chellel A Greek shipowner orchestrated a plan for men posing as pirates to attack and set fire to his tanker, in...
European Cyber Police Hunt for Culprits of Global Ransomware Attack May 18, 2017 By Kit Chellel Days after the global cyber attack, U.K. police are trying to figure out whether it was an established network of...
AIG Sued by Ex-Derivatives Staff Who Claim Denial of $100M in Bonuses October 10, 2016 By Kit Chellel American International Group Inc. was sued by former staff who say they were denied $100 million in bonuses amid public...
Greek Shipowner Arrested for Fraud After Insurers Question Alleged Pirate Attack April 13, 2016 By Kit Chellel A Greek shipowner was arrested by London police as he left court after testifying in a $77 million lawsuit against...
Bank of England Faces ‘Advanced, Persistent & Evolving’ Cyber Threats March 15, 2016 By Kit Chellel The Bank of England is frequently faced with cyber threats as hackers probe for vulnerabilities in the central bank’s computer...
UK Regulator Looks to Change ‘Culture’ after Insurance Reporting Fiasco October 13, 2015 By Kit Chellel The Financial Conduct Authority (FCA) has “deep cultural problems,” a senior U.K. lawmaker Andrew Tyrie said after the regulator responded...
Friday Afternoon Scam Cost Hedge Fund $1.2 Million – and CFO’s Job July 7, 2015 By Kit Chellel The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to...
London Police Must Repay Insurers for Riot-Damaged Sony Warehouse September 12, 2013 By Kit Chellel London police must repay the insurers of a warehouse that held Sony Corp. goods, damaged in riots that spread through...