When it comes to consumer scams, an ounce of prevention is worth a pound of cure…because likely there may be no cure at all if you fall victim to an internet or telephone scam. You could possibly be able to recover your money but chances are that the scammer is long gone and you’ll never recover a dime, so it is best to prevent it in the first place by knowing the signs. One indication of a possible scam is the requested payment method a scammer asks for. If an individual as

If your business does not have proper risk management controls in place, it could happen, just ask Citigroup. Recently a court ruled that Citigroup could not retrieve more than $500 million it mistakenly wired to ten investment firms since the firms applied the funds towards existing loans, and the firms were not aware of the mistake. Citigroup intended on making interest-only payments on the loans, amounting to $7.8 million, but because of the error of a Citigroup employee,