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View Full Version : Xoom says suspected fraud cost $30.8 million, finance chief resigns - Los Angeles Tim



FraudNews
01-07-2015, 02:53 PM
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ValueWalk (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNE80TgkfE3HT93tX4Ph7Qryei_kKQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=b1atVPv0L-n0wAGHxIGoBA&url=http://www.valuewalk.com/2015/01/xoom-corp-buying-opportunity/)


Xoom says suspected fraud cost $30.8 million, finance chief resigns (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNES7bqdR_Tfv_gPh6cFmyAM97ewrA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=b1atVPv0L-n0wAGHxIGoBA&url=http://www.latimes.com/business/la-fi-xoom-fraud-20150106-story.html)
Los Angeles Times
"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=b1atVPv0L-n0wAGHxIGoBA&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=AFQjCNEHXxs5_P-Q3B-FfFBonv8qGA6rJQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=b1atVPv0L-n0wAGHxIGoBA&url=http://www.finextra.com/news/fullstory.aspx?newsitemid%3D26855)Finextra
Xoom Corp: A Buying Opportunity despite Being a Victim of Fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNE80TgkfE3HT93tX4Ph7Qryei_kKQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778704338125&ei=b1atVPv0L-n0wAGHxIGoBA&url=http://www.valuewalk.com/2015/01/xoom-corp-buying-opportunity/)ValueWalk

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