News That Matters

Tag: fake

Ex-Wells Fargo CEO John Stumpf misled investors in fake accounts scandal, SEC says

Finance
John Stumpf, chief executive officer of Wells Fargo & Co., waits to begin a House Financial Services Committee hearing in Washington, D.C., U.S., on Thursday, Sept. 29, 2016.Andrew Harrer | Bloomberg | Getty ImagesEx-Wells Fargo CEO John Stumpf and former deputy Carrie Tolstedt were charged by the Securities and Exchange Commission with misleading investors about the bank's success in selling multiple products to customers.Stumpf agreed to pay a $ 2.5 million civil penalty to resolve the matter, allowing him to avoid admitting or denying the charges, the SEC said Friday.The two executives had certified in 2015 and 2016 investor disclosures that touted the firm's supposedly robust "cross-sell" metric, despite knowing it was misleading, the SEC said in a statement. The metric is an indu...

Fake asteroid? NASA expert IDs mystery object as old rocket

Technology
CAPE CANAVERAL, Fla. -- The jig may be up for an “asteroid” that’s expected to get nabbed by Earth’s gravity and become a mini moon next month.Instead of a cosmic rock, the newly discovered object appears to be an old rocket from a failed moon-landing mission 54 years ago that’s finally making its way back home, according to NASA's leading asteroid expert. Observations should help nail its identity.“I’m pretty jazzed about this,” Paul Chodas told The Associated Press. “It’s been a hobby of mine to find one of these and draw such a link, and I’ve been doing it for decades now.”Chodas speculates that asteroid 2020 SO, as it is formally known, is actually the Centaur upper rocket stage that successfully propelled NASA’s Surveyor 2 lander to the moon in 1966 before it was discarded. The lander
Celebs used to dupe victims into making fake investments

Celebs used to dupe victims into making fake investments

Technology
Criminals are defrauding people into making fake investments using forged news stories promoting investment advice from celebrities, the public is being warned.The UK's National Cyber Security Centre, a part of intelligence agency GCHQ, has announced it has foiled a growing number of these scams over the last four months. More than 300,000 malicious URLs linking to investment schemes promoted with fake celebrity endorsements, including Sir Richard Bransom, Ed Sheeran and Martin Lewis, have been taken down during this period.But the growing number of investment scams has caused the cyber security agency to issue a warning to the public, and to let the criminals know that they are being pursued. Image: The scammers wrote a fake account about Ed Sh...
Species that use sound to ‘fake’ their body size are usually skilled vocal learners

Species that use sound to ‘fake’ their body size are usually skilled vocal learners

Science
July 8 (UPI) -- Animals that use their voice to sound bigger than they are tend to also be skilled vocal learners, according to new scientific paper, published Wednesday in the journal Biology Letters. Previously, researchers approached acoustic allometry, the relationship between voice and body size, and vocal learning as two distinct fields of study. But over time, scientists have started to see the overlap between the two areas of research. Advertisement "We decided to bring our expertise together under an evolutionary framework," study co-author Maxime Garcia told UPI in an email. "In particular, we wondered: For species that are vocal learners, and which can flexibly modify their vocalizations, then how do allometric principles apply?" said Garcia, an evolutionary biologist at the Un...
Fake online reviews under investigation by competition authority

Fake online reviews under investigation by competition authority

Technology
The UK Competition and Markets Authority (CMA) has launched an investigation into fake and misleading reviews on several major websites.It said it would examine whether online shops were "doing enough" to protect customers as they turn to online shopping during lockdown.The authority warned it would "not hesitate" to take action if sites are disobeying the law.That could include taking major retailers to court."During lockdown, we're more dependent than ever on online shopping, so it's really important that the online reviews we read are genuine opinions," said CMA chief executive Andrea Coscelli."If someone is persuaded to buy something after reading a fake or misleading review, they could end up wasting their money on a product or service that wasn't wh...