Tag Archives | fraud

Triple Canopy Pays $2.6m to Settle False Claims Suit

US-based security company Triple Canopy has agreed to pay $2.6 million to settle civil False Claims Act allegations that the company submitted false claims for payment to the Department of Defense for unqualified security guards stationed in Iraq. “Contractors must be held accountable for their actions, especially when the safety of government personnel is at […]

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Former Dyncorp employee Pleads Guilty in Iraq Scam

By John Lee. The Washington Post reports that a former DynCorp International employee has admitted to helped cheat the US State Department out of millions of dollars in Iraq. Jose Rivera, aged 57, pleaded guilty to conspiracy to defraud, acknowledging that he helped convince his employers to rent a camp at Baghdad International Airport at […]

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Financial Fraudsters Hit ‘Dollar Market’ In Kurdistan

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In Iraqi Kurdistan, locals often trust the local exchange counter more than big banks. But a recent rash of fraud on the informal money market has seen savings lost and […]

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US Man Pleads Guilty in $8m Investment Scam

By John Lee. An US man has pleaded guilty to stealing more than $8 million from a Turkish investor, U.S. Attorney Tom Beall said. Nagy Shehata, 57, Olathe, Kansas, pleaded guilty to one count of conspiracy to commit wire fraud. In his plea, he admitted the crime occurred while he was president of Premier Investment […]

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Agility pays $95m to settle US Civil Case

Agility Public Warehousing Co. KSC (Agility), a Kuwaiti company, has agreed to globally resolve criminal, civil, and administrative cases arising from allegations that Agility overcharged the United States when performing contracts with the Department of Defense (DOD) to supply food for U.S. troops from 2003 through 2010. As part of the global resolution, Agility has […]

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Dinar Counterfeiting Ring Busted

By John Lee. Authorities in Iraq have reportedly announced the arrest a gang believed to have forged Iraqi dinars worth “billions of dollars“. According to The New Arab, the mafia-like network with Lebanese links was detained after a woman arrested at the Baghdad Airport confessed to involvement with counterfeiting money. (Source: The New Arab)

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US Man gets 27 mths Jail for Iraq Fraud

By John Lee. A US District Court has sentenced an American man to 27 months in prison, followed by three years of supervised release, for operating two investment schemes that defrauded people of more than $200,000. Joseph T. Morris, aged 52, and two others set up a company whose initial focus was on establishing a […]

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US Man Admits Iraq Scam

By John Lee. A US man has pleaded guilty in a $175,000 fraud involving fake business opportunities in Iraq. Joseph T. Morris, aged 52, pleaded guilty on Tuesday to one count of wire fraud, and according to a report from Associated Press faces up to 20 years in prison. Morris and two others set up […]

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UN Warns on Fraudulent Tender Documents

Statement from UNOPS on Fraudulent Procurement-Related Documents It has come to the attention of the United Nations Office for Project Services (UNOPS) that fraudulent procurement-related documents, such as solicitation documents and purchase orders, continue to besold in Iraq for purported UNOPS projects. We are aware that one such case is related to a purported project […]

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Fraudsters Promise Army Jobs in Karbala

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An Officer but No Gentleman: Fraudsters Promise Army Jobs in Karbala Criminals in Karbala are exploiting the security crisis and expectations about military corruption by promising young men a job […]

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N. Ireland Man Fined for Iraq Scam

By John Lee. A Northern-Irish businessman, who was jailed for stealing more than £500,000 in fraudulent VAT repayments, has been ordered to repay £113,472 or serve a further three years in prison. The man had claimed to be building water purification plants in Basra and Mosul, but didn’t have the funds to pay for the […]

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