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Rakuten initially denied liability and stated it was the actions of individual vendors but 3 of the 20 who had hiked prices were revealed to have received checks and approval from Rakuten employees. 17 out of the 20 offending vendors were given 1-month suspensions.
In May 2013, some users started complaining about alleged fraudulent charges on credit cards after using their cards on Rakuten.com. In some cases, it was alleged that the victims' names, social security numbers, dates of birth and credit card information were used to open accounts at other online vendors.
Rakuten Kobo Inc., or simply Kobo, is a Canadian company that sells ebooks, audiobooks, e-readers and formerly tablet computers. It is headquartered in Toronto, Ontario, Canada and is a subsidiary of the Japanese e-commerce conglomerate Rakuten. The name Kobo is an anagram of book.
TOKYO (Reuters) -Japan's Rakuten on Tuesday logged its fifteenth consecutive quarter in the red as losses at its mobile service network unit outweighed a record performance from its financial...
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The Central Bank of Ireland failed to spot Madoff's gigantic fraud when he started using Irish funds and had to supply large amounts of information, which would have been enough to enable Irish regulators to uncover the fraud much earlier than late 2008 when he was finally arrested in New York.