All posts tagged: employee

Payroll employee who cheated S.7 million from cryptocurrency trading platform jailed

Payroll employee who cheated S$5.7 million from cryptocurrency trading platform jailed

Published by Sam

SINGAPORE: An employee who had sole access to documents for staff payrolls edited the spreadsheets so that cryptocurrencies or fiat payments would be paid into her e-wallet and bank accounts.  In this manner, Ho Kai Xin managed to cheat a company out of more than S$5.5 million (US$4.1 million) worth of United States Dollar Tether (USDT) – the world’s fourth largest cryptocurrency which is pegged to the US dollar – and fiat currency.  The 32-year-old Singaporean then spent the money on upgrading her home, car and the purchase of luxury items, insurance policies and investment plans.  Ho was sentenced to nine years and 11 months’ jail on Thursday (Feb 20) after she pleaded guilty to 14 charges, comprising cheating, concealing or transferring benefits from criminal conduct, and for furnishing false information to the police. Another 30 charges of a similar nature were taken into consideration for her sentencing.  Ho was employed by Wechain Fintech Singapore to process payroll from Oct 20, 2021 to Oct 6, 2022.  Wechain provided payroll services to ByBit Fintech, a company …

Elon Musk and JD Vance Agree On Rehiring DOGE Employee Who Wrote He Was “Racist Before It Was Cool”

Elon Musk and JD Vance Agree On Rehiring DOGE Employee Who Wrote He Was “Racist Before It Was Cool”

Published by Sam

Elon Musk said on Friday that he plans to rehire the Department of Government Efficiency employee who resigned after racist comments he made online were revealed by The Wall Street Journal. The staff member, 25-year-old Marko Elez, posted messages such as “Just for the record, I was racist before it was cool,” “You could not pay me to marry outside of my ethnicity,” and “Normalize Indian hate,” according to the Journal. Early Friday, Musk—the richest man in the world whose influence in Washington has grown with concerning speed following President Donald Trump’s election—asked his X followers if he should rehire Elez, referring to him as a DOGE “staffer who made inappropriate statements via a now-deleted pseudonym.” More than two-thirds of respondents said yes to the poll, which garnered 385,247 votes. Elon Musk speaks with U.S. President-elect Donald Trump as they watch the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. SpaceX’s billionaire owner, Elon Musk, a Trump confidante, has been tapped to lead the new …

Kia Concerned That Employee Forgot to Bolt Seats Down in Potentially Tens of Thousands of Cars

Kia Concerned That Employee Forgot to Bolt Seats Down in Potentially Tens of Thousands of Cars

Published by José

Hold onto your butts. Bolt from the Blue The sophomore year of Kia’s three-row electric SUV has come to a pretty inauspicious conclusion. This week, the Korean automaker issued a recall for nearly 23,000 EV9 electric cars for the 2024-25 model year after discovering that some of them had seats that weren’t fully bolted down — and all purportedly because of a single employee. Whoops. According to documents filed with the National Highway Traffic Safety Administration last month, the second and third-row seat mounting bolts may be missing in EV9 cars manufactured between September 2023 and October 2024 at the Kia Autoland Gwangmyeong assembly plant in South Korea. As many as 22,883 vehicles may be affected. “Seats with missing seat mounting bolts may not properly restrain an occupant during certain collisions, thereby increasing the risk of injury,” the recall report states. My Bad But the most eyebrow-raising detail, as spotted by TechSpot, is the scapegoat for the huge screw up. In the recall report, Kia places all of the blame on an “error” made by …

CEO in Charge of Saudi Arabia’s 100-Mile Skyscraper Out After Allegations of Mass Employee Death

CEO in Charge of Saudi Arabia’s 100-Mile Skyscraper Out After Allegations of Mass Employee Death

Published by José

This career casualty is nothing compared to Neom’s death toll. Natural Selection The head of the world’s largest and most ambitious construction project has stepped down amid jaw-dropping claims about its death toll. As the Wall Street Journal reports, Nadhmi al-Nasr, the CEO of Saudi Arabia’s futuristic city project Neom — which includes The Line, a planned pair of skycrapers that would be 100 miles in length — has abruptly departed the role he’s held since 2018. This exit comes after a new Channel 3 documentary alleged that more than 21,000 foreign workers had died during its construction, a figure that doesn’t even seem to include the number of indigenous people displaced and disappeared during Neom’s construction. Sources familiar with the executive shakeup confirmed to the newspaper that he had left the position in recent days, though it remains unclear why exactly the Neom CEO left and whether it had to do with the recent allegations. In an email viewed by the WSJ, Neom’s board named Aiman al-Mudaifer, a real estate executive with the Saudi kingdom’s Public Investment Fund, as …

Teachers’ pension scheme employee contributions to rise

Teachers’ pension scheme employee contributions to rise

Published by skeptic

Plans would see employee contribution rates rise by up to £200 a year – but lowest-paid would not be affected Plans would see employee contribution rates rise by up to £200 a year – but lowest-paid would not be affected More from this theme Recent articles The government is proposing the first rise in employee contributions to the teachers’ pension scheme since 2015 to avoid a shortfall in the fund. However, the Department for Education said rates would not rise for the lowest-paid, and the monthly impact for an employee earning £110,000 a year is estimated to be £17 – which equates to just under £200 a year. It comes after the last government increased the contribution schools have to make from 23.6 per cent to 28.6 per cent. In a consultation published today, the DfE explained the six “contribution tier” rates had remained the same since 2015, but the thresholds at which each rate is paid had increased annually in line with inflation. Increases in thresholds leaves shortfall As a result, the “estimated yield” …

The Knowledge. Employee engagement and staff retention

The Knowledge. Employee engagement and staff retention

Published by skeptic

More from this theme Recent articles Several factors are thought to be driving poor retention, including concerns over pay, workload and accountability. A new paper published today proposes another factor – one schools have greater control over. Over the past two years, The Engagement Platform (TEP) has worked with a group of around 100 schools to better understand the impact of employee engagement. The central premise is that how staff think and feel about their role in the workplace drives their behaviours. For instance, if an employee feels their workload is manageable, that there are effective mechanisms that allow them to manage pupil behaviour and that they have strong, positive relationships with their colleagues, they will flourish in their jobs. If not, they will be more likely to leave their role, and possibly the sector. While previous research has provided some evidence to support these hypothesised engagement-behaviour links, much of this has come from the United States. Equivalent data and insights for England have been hard to come by. The link between school leadership, staff …

Hacker claims theft of Piramal Group’s employee data

Hacker claims theft of Piramal Group’s employee data

Published by skeptic

A hacker claims to be selling data relating to thousands of current and former employees of the Indian conglomerate Piramal Group, a multinational company that operates across pharma, financial services and real estate. In a listing on a known cybercrime forum last week seen by TechCrunch, the pseudonymous threat actor published a small portion of the allegedly stolen Piramal data for an undisclosed amount. The data sample included full names and email addresses. The allegedly stolen data could be a boon for cybercriminals by using the information for targeting employees with cyberattacks. Piramal Group has over 10,000 employees and 21 diverse nationalities working from its offices in over 30 countries worldwide, according to its website. The Mumbai-headquartered company also has a brand presence across over 100 markets globally. Piramal operates multiple subsidiaries, including the non-banking financial company Piramal Enterprises, pharmaceutical firm Piramal Pharma, healthcare company Piramal Healthcare, and real estate development arm Piramal Realty. TechCrunch obtained a larger sample of data from the threat actor containing over 10,000 entries. TechCrunch validated some of the entries …

HR Rep Shares 7 Things Employees Should Never Do In The Workplace

HR Rep Shares 7 Things Employees Should Never Do In The Workplace

Published by skeptic

There are a lot of unspoken rules one should follow in the workplace, but not many employees may be aware of them. In fact, they may sometimes break these “rules,” costing them their position in the process. In this way, there are many actions that workers can take in order to be successful in the workplace. However, there are other actions that you should avoid completely. An HR worker shared 7 rules for what employees should avoid doing in the workplace Valerie Rodriguez, who calls herself a “multifaceted corporate girl” on her TikTok bio, offered advice to employees with key takeaways based on her experience working in HR for nearly 10 years. 1. Don’t get too personal with other employees Rodriguez claims that oversharing details about your personal life with your coworkers may pose a problem.  “Sharing too much does not do you any good at any point in your career,” she said. “Especially when you know that you’re trying to move up [and] you’re trying to establish yourself as a reputable person within the …

Behind Nigeria’s Arrest of Binance Employee, Claims of a Bribe Request

Behind Nigeria’s Arrest of Binance Employee, Claims of a Bribe Request

Published by skeptic

On a trip to Nigeria in January, Tigran Gambaryan, a compliance officer for the giant cryptocurrency exchange Binance, received an unsettling message: The company had 48 hours to make a payment of roughly $150 million in crypto. Mr. Gambaryan, a former U.S. law enforcement agent, understood the message as a request for a bribe from someone in the Nigerian government, according to five people familiar with the matter and messages reviewed by The New York Times. He and a group of his Binance colleagues had just met with Nigerian legislators, who accused the company of tax violations and threatened to arrest its employees. The Binance officials fled Nigeria in a panic. Later that month, Mr. Gambaryan wrote a three-page report describing the payment request and gave it to Binance’s lawyers, two people familiar with the report said. He also alerted contacts in the Nigerian government, the people said, and recounted the incident to them. The episode was the backdrop for a second trip to Nigeria that Mr. Gambaryan took in February. On his return, he …