Secure Swiss Data

September 14, 2020

Due Diligence That Money Can’t Buy

This post was originally published on this siteMost of us automatically put our guard up when someone we don’t know promises something too good to be true. But when the too-good-to-be-true thing starts as our idea, sometimes that instinct fails to kick in. Here’s the story of how companies searching for investors to believe in their ideas can run into trouble. Nick is an investment banker who runs a firm that helps raise capital for its clients (Nick is not his real name, and like other investment brokers interviewed in this story spoke with KrebsOnSecurity on condition of anonymity). Nick’s […]
October 7, 2020

Promising Infusions of Cash, Fake Investor John Bernard Walked Away With $30M

This post was originally published on this siteSeptember featured two stories on a phony tech investor named John Bernard, a pseudonym used by a convicted thief named John Clifton Davies who’s fleeced dozens of technology companies out of an estimated $30 million with the promise of lucrative investments. Those stories prompted a flood of tips from Davies’ victims that paint a much clearer picture of this serial con man and his cohorts, including allegations of hacking, smuggling, bank fraud and murder. KrebsOnSecurity interviewed more than a dozen of Davies’ victims over the past five years, none of whom wished to […]