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Pair charged over ATM ponzi

NEW YORK - US authorities have charged two men in New York with running an estimated $80 million Ponzi scheme. Vance Moore and Walter Netschi are accused of using the sale of automatic teller machines (ATMs) in shops and hotels around the US for the fraudulent scheme.

The pair allegedly lured investors in by telling them they could buy cash machines and then make money by charging the public to

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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