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View Full Version : Xoom (XOOM) Victim of $30.8M Criminal Fraud - StreetInsider.com (subscription)



FraudNews
01-05-2015, 10:43 PM
http://www.fraud-news.com//t2.gstatic.com/images?q=tbn:ANd9GcTGD4XmIk5Hxjb3e8mN3KkoTtAQvRLn8 XGoCGxJ5RaUKS0V7105gFmWfkN9Z2Z565D_RtsXxtk
Fortune (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHgRAyf4E6dWP1LR1tzAW-Hq67-bA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=kCGrVIDSOMKswQHu-4FY&url=http://fortune.com/2015/01/05/xoom-fraudsters-stole-millions/)


Xoom (XOOM) Victim of $30.8M Criminal Fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNG8dQJ2OyL_ZK0xrvm2IZ5aA366Jg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=kCGrVIDSOMKswQHu-4FY&url=http://www.streetinsider.com/Corporate%2BNews/Xoom%2B(XOOM)%2BVictim%2Bof%2B$30.8M%2BCriminal%2B Fraud/10136903.html)
StreetInsider.com (subscription)
On December 30, 2014, Xoom (NASDAQ: XOOM) determined that it had been the victim of a criminal fraud. The incident involved employee impersonation and fraudulent requests targeting the Company's finance department, resulting in the transfer of $30.8 ...
Xoom -13.6% AH on fraud disclosure; CFO resigns (XOOM) (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGxw7NfL55PZZLCOkudhFjC1hdKow&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=kCGrVIDSOMKswQHu-4FY&url=http://seekingalpha.com/news/2206245-xoom-minus-13_6-percent-ah-on-fraud-disclosure-cfo-resigns)Seeking Alpha
Xoom says $30.8 million transferred fraudulently to overseas accounts (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEnrXMeA9fOIXDwH_Y3rcJAuK_57Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=kCGrVIDSOMKswQHu-4FY&url=http://www.reuters.com/article/2015/01/05/us-xoom-fraud-idUSKBN0KE1WA20150105)Reuters

all 4 news articles » (http://news.google.co.za/news/more?ncl=dk0cDV_om1b2_CMvqc_saiA9K_duM&authuser=0&ned=en_za)





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