FraudNews
01-06-2015, 02:16 PM
Xoom Falls as Fraud Leads to Overseas Fund Transfer, CFO Departs (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNG91QH8AZFlO6K4zR7K0k8xUv-IDQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=PPyrVPjCMI2iwAGhgYHIDQ&url=http://www.bloomberg.com/news/2015-01-06/xoom-falls-as-fraud-leads-to-overseas-fund-transfer-cfo-departs.html)
Bloomberg
“While the company has internal controls in place and has implemented additional internal procedures, its audit committee and advisers are reviewing these controls and processes as part of the investigation” into the fraud, according to the filing ...
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=PPyrVPjCMI2iwAGhgYHIDQ&url=http://www.streetinsider.com/Corporate%2BNews/Xoom%2B(XOOM)%2BVictim%2Bof%2B$30.8M%2BCriminal%2B Fraud/10136903.html)StreetInsider.com (subscription)
Money transfer firm Xoom suffers $30.8m fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHUvBCp01Ziemaro2AfPtrPJz6U7Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=PPyrVPjCMI2iwAGhgYHIDQ&url=http://www.finextra.com/news/fullstory.aspx?newsitemid%3D26855%26topic%3Dretail )Finextra
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=PPyrVPjCMI2iwAGhgYHIDQ&url=http://seekingalpha.com/news/2206245-xoom-minus-13_6-percent-ah-on-fraud-disclosure-cfo-resigns)Seeking Alpha
San Francisco Business Times (blog) (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHtEGfJBgn8Et_qvaa9Qs0xEXOqqA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=PPyrVPjCMI2iwAGhgYHIDQ&url=http://www.bizjournals.com/sanfrancisco/blog/2015/01/xoom-corp-fraud-30m-corporate-cash-cfo.html)
all 19 news articles » (http://news.google.co.za/news/more?ncl=dJpCirembFk97aMwVCCV2zf2h71RM&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNG91QH8AZFlO6K4zR7K0k8xUv-IDQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=PPyrVPjCMI2iwAGhgYHIDQ&url=http://www.bloomberg.com/news/2015-01-06/xoom-falls-as-fraud-leads-to-overseas-fund-transfer-cfo-departs.html)
Bloomberg
“While the company has internal controls in place and has implemented additional internal procedures, its audit committee and advisers are reviewing these controls and processes as part of the investigation” into the fraud, according to the filing ...
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=PPyrVPjCMI2iwAGhgYHIDQ&url=http://www.streetinsider.com/Corporate%2BNews/Xoom%2B(XOOM)%2BVictim%2Bof%2B$30.8M%2BCriminal%2B Fraud/10136903.html)StreetInsider.com (subscription)
Money transfer firm Xoom suffers $30.8m fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHUvBCp01Ziemaro2AfPtrPJz6U7Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=PPyrVPjCMI2iwAGhgYHIDQ&url=http://www.finextra.com/news/fullstory.aspx?newsitemid%3D26855%26topic%3Dretail )Finextra
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=PPyrVPjCMI2iwAGhgYHIDQ&url=http://seekingalpha.com/news/2206245-xoom-minus-13_6-percent-ah-on-fraud-disclosure-cfo-resigns)Seeking Alpha
San Francisco Business Times (blog) (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHtEGfJBgn8Et_qvaa9Qs0xEXOqqA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=PPyrVPjCMI2iwAGhgYHIDQ&url=http://www.bizjournals.com/sanfrancisco/blog/2015/01/xoom-corp-fraud-30m-corporate-cash-cfo.html)
all 19 news articles » (http://news.google.co.za/news/more?ncl=dJpCirembFk97aMwVCCV2zf2h71RM&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNG91QH8AZFlO6K4zR7K0k8xUv-IDQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=PPyrVPjCMI2iwAGhgYHIDQ&url=http://www.bloomberg.com/news/2015-01-06/xoom-falls-as-fraud-leads-to-overseas-fund-transfer-cfo-departs.html)