Tagged With "fraud"

Two men admit to toner fraud that prosecutors claim cost Xerox $21 million Gary Craig , Rochester Democrat and Chronicle Published 8:34 p.m. ET Nov. 2, 2018 | Updated 8:15 a.m. ET Nov. 3, 2018 Buy Photo Xerox plans to move out of downtown Rochester and relocate the to the Webster campus. (Photo: MAX SCHULTE/@maxrocphoto/staff photographer) Buy Photo CONNECT TWEET LINKEDIN COMMENT EMAIL MORE Two men admitted Friday to defrauding Xerox Corp. through a scheme that prosecutors allege cost the...

Troubles of imaging and printing equipment maker Ricoh India Ltd. have hit its Japanese parent. Ricoh Company Ltd. lowered its profit estimates by 10,000 million yen (Rs 571 crore) to factor in losses at its fraud-hit Indian arm, the Japanese company said in a filing. It has taken a charge of close to 30,000 million yen (Rs 1,711 crore) for its India business in the year to March 2018. Due to the anticipated losses arising from the subsidiary, “we revised downwards the forecast of our...

A federal judge ordered a Massachusetts man to repay Xerox $6 million, after his conviction of defrauding the Norwalk-based company by reselling print toner at a profit. Jonathan Ofstein took a plea deal last year in which he admitted to the fraud while managing toner supplies at a Vestcom International facility in South Easton, Mass., south of Boston. Under a Xerox contract under which customers pay for toner according to the number of prints they make, Ofstein made excess purchases of...

In the end the strange case of fraud involving Xerox toner was not quite as large as once alleged — but it was still pretty big. A federal judge Thursday sentenced three men for the fraud , once estimated to be about $24 million but ultimately decided to be closer to $9.5 million in loss for Xerox. While that's still a lot of money — and a lot of fraudulently sold toner — the difference shortened the possible length of sentences for the three men because of the factors considered in federal...

Tis funny, Xerox will never get a dime of this judgment

HP seizes more printer/MFP cartridges HP’s Anti-Counterfeiting and Fraud (ACF) team announced it confiscated another 4.5 million fraudulent toner and ink cartridges in the past year - Followed raids conducted across Americas, Europe, Middle East, Africa & Asia

SEATTLE--( BUSINESS WIRE )-- FiveBy is proud to announce a new collaboration with Microsoft, which combines managed service offerings with the power of Microsoft Dynamics 365 Fraud Protection. Organizations across many industries are experiencing an increase in fraud incidents at speeds that impact revenue with little warning and often require unplanned resources to respond. According to 451 Research, for merchants that have seen fraud volumes increase, 41% cited growth in new account fraud,...

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Sharp’s parent fined for tax fraud? Foxconn is rejecting rumors that it needed to pay 180 billion yuan ($24.6 billion) in tax as part of investigations being conducted by Chinese government Stories are alleging that about 20,000 football (soccer) fields it owns would be seized by China Foxconn claims that it has always adhered to legal and compliant operations