Police in Finland’s capital have issued advice about ‘Facebook crime’, as complaints about online pranksters are keeping cops busy. Hannu Kortelainen, of the Helsinki police, has revealed that gripes about the popular social networking site come flooding into the station on a daily basis. Read the full story

A Hell’s Angels leader has been ordered to pay back more than a million kronor in sickness benefits, after the Swedish Social Insurance Agency claimed he committed crimes that would have been impossible with his purported back pain. Kent Nilsson, who is a self-confessed Hell’s Angels chief from Lulea, northern Sweden, has received SEK 1.4 million (USD 200,000) in handouts since first reporting his back trouble to authorities in 1998. Read the full story

Residence permits for Sweden are available on the black market for just EUR 2,000, which would then allow the buyer to travel freely across Europe. Read the full story

The alleged embezzlement of tens or hundreds of millions of Icelandic kronur by a staff member at Old Kaupthing Bank is under police investigation. The woman accused of misappropriating the funds was sacked when the issue first came to light. Read the full story

Merchants at Kouvola’s China Centre market were left stunned last week, after a surprise immigration raid in the southern Finnish city. Read the full story

Twelve charges of fraud, in addition to sex offences, have led to the indictment of a would-be western Swedish practitioner. Read the full story

On  September  5, 2009 , Bloomberg reported that the Mitsubishi Corp. internet shopping unit lost credit card details on 52,000 customers after its servers were hacked from overseas. In July 2009, the Japanese Insurance firm Alico said the suspected leak of its customers’ credit card information may have led to about 2,200 cases of credit card fraud. The company mentioned that credit card information related to up to 130,000 insurance contracts may have leaked. Read the full story

The Icelandic government has submitted a bill to parliament which would allow the assets of people under investigation by the State Tax Investigation office to be frozen.

The bill’s explanatory statement says the aim is to prevent people avoiding their tax obligations by moving funds or assets from their own names to other people. Read the full story

Kaupthing Bank loaned its staff a total of ISK 47.3 billion (in the region of USD 640 million at the time) solely to buy its own shares in 2006 alone. This comes from the tabloid DV newspaper which claims to have a complete copy of the Kaupthing 2006 loan book in its possession. The newspaper reports, among other things, that Kristjan Arason, then head of commercial banking was granted ISK 893 million in so called ‘bullet loans’. Arason is the husband of former Independence Party Minister of Education Thorgerdur Kartin Gunnarsdottir. Read the full story

Stein Bagger, the fugitive chief executive of the now-defunct IT Factory, has been extradited to Denmark after he turned himself in to authorities in Los Angeles. The 41 year-old CEO faces charges of forgery and rampant fraud during his tenure as head of IT Factory, allegedly defrauding investors and banks of nearly 1 billion kroner through a leasing scam. Read the full story