Content about Deception

June 26, 2013

New York — Former Duane Reade CEO Anthony Cuti and CFO William Tennant failed in an attempt to have their 2010 convictions for securities fraud overturned. The Second U.S. Circuit Court of Appeals in New York upheld a June 2010 federal jury decision to find Cuti and Tennant guilty of providing misleading earnings information to shareholders and private equity group Oak Hill Capital partners, which purchased Duane Reade in 2004, between 2000 and 2004.

April 15, 2013

A majority of surveyed adults in the United States regards organic as an excuse to charge more for food, according to a new study.

NEW YORK — A majority of surveyed adults in the United States regards organic as an excuse to charge more for food, according to a new study.

The March Harris Poll of 2,276 adults found that those expressing concern for the environment grew from 31% last year to 38% this year, but 59% of respondents saw labeling foods and other products as organic was an excuse to charge more.

September 13, 2011

For every $100 in fraudulent transactions, retailers incurred a “true” cost of $230, according to a new study released Tuesday by LexisNexis Risk Solutions.

NEW YORK — For every $100 in fraudulent transactions, retailers incurred a “true” cost of $230, according to a new study released Tuesday by LexisNexis Risk Solutions.

According to the study, retail merchants and financial institutions reported an overall decline in fraud rates and transactions while total retail sales rose. Consumers also experienced a decline in fraud losses overall but the average time it took to resolve fraud issues rose by 57% and the out-of-pocket costs of fraud rose by $244.

September 27, 2010

Retail merchants incurred more than $139 billion fraud losses during the past year, according to...

July 19, 2010

The leader of a group representing the nation’s pharmacy benefit managers responded to a House...