Damco and Farrell Lines fined $3.7 million for container weight fraud.

Damco and Farrell Lines are both Maersk subsidiaries whose services were contracted by the US Transportation Command, the US Department of Defense (DoD)’s logistics unit. The contract required Damco and Farrell lines to transport cargo in and out of Afghanistan for the DoD and other government departments. The contract value was almost entirely based [...]

Vietnamese Pyramid Scam—almost 67,000 people lose $88 million.

Almost 67,000 people fell victim to a Vietnamese multi-level marketing scam, with combined losses of over 2 trillion Vietnamese dong ($88.4 million). Lien Ket Viet was founded by Le Xuan Giang, who organized events to gain the trust of his clients and potential investors, and to build a good reputation for him and his [...]