Effective use of AI and data can transform every step of the underwriting process, making it faster, more consistent and (nearly) error-proof. Patricio Pazmiño covers what every step of the underwriting process could look like with technology in the mix.... read more

Sept/Oct 2024

Northteq published a white paper: “The growing challenge of equipment finance fraud: Utilizing technology to strengthen your fraud prevention strategy.” The paper discusses updated fraud prevention methods for lenders. read more

JUN 13, 2024 - 6:15 am

Hackers are finding new ways to commit wire fraud. Stephen Whelan explores examples from recent case law and outlines precautions that equipment financiers can take to avoid becoming a victim.... read more

Monitor 100 2024

The U.S. Attorneys' Office for the Eastern District of North Carolina announced that Armando Binelo of Pigeon Forge, TN, pled guilty for his role in a $20 million leasing fraud scheme. Daniel Raymond, of Mebane, NC, previously pled guilty to conspiracy to commit mail fraud and wire fraud in relation to the scheme and was sentenced to 84 months in prison. Binelo faces up to 20 years in prison when sentenced. read more

APR 23, 2024 - 6:49 am

An ELFA webinar discussed red flags and best practices for combatting fraud and cybersecurity risks in the COVID-19 environment. read more

MAY 5, 2020 - 6:45 am

Half of financial professionals do not expect potential economic turmoil in 2020. Top concerns include fraud and cybersecurity, and real-time payments will be a top investment area, according to a TD Bank survey. read more

JAN 17, 2020 - 6:50 am

Attorney Ken Weinberg teaches equipment lessors how to protect their companies from crooks, particularly those who enter into a legitimate transaction only to later attempt to defraud creditors by transferring assets from an original lessor to another entity.... read more

July/August 2016

Jennifer L. Howard

Periodically in the equipment leasing industry, cases crop up involving schemes in which equipment is marketed as being essentially “free,” because the lessee will supposedly receive payments for advertising on the equipment, in an amount roughly the same as the... read more

March 2015

Dexter Van Dango

Nearly 2,500 years ago Greek poet Sophocles quipped that he would “rather fail with honor than succeed by fraud.” It seems that some people disagree with Sophocles — they fail without honor while trying to cheat the system. To the... read more

Jan 2015