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Xoom Corp (NASDAQ:XOOM) Investor Investigation Over Potential Securities Laws Violations Announced

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Investigation Overview

January 12, 2015 (Update) - On January 5, 2015 Xoom Corp announced that, on December 30, 2014, Xoom Corporation determined that it had been the victim of a criminal fraud. Xoom Corp said that the incident involved employee impersonation and fraudulent requests targeting the Company's finance department, resulting in the transfer of $30.8 million in corporate cash to overseas accounts...



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