Category: Fraud
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US judge tosses SEC fraud suit against Hex founder Richard Heart
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The provincial court judge rejected a lawsuit from the US Securities Organizer, which accuses the Hex Richard Hart founder of collecting more than one billion dollars through unregistered encryption offers and defrauding investors worth $ 12.1 million. Hart, whose real name is Richard Schoiler, was also accused of spending those…
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SEC says memecoins aren’t securities, but fraud will still be policed
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The US Securities and Stock Exchange Committee says it does not look at the mines as securities, but has warned that any fraudulent symbols are still undergoing enforcement by other organizers. The Foundation’s Foundation Department of the Agency He said In a February 27 statement, in his opinion, “Memecoins does…
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US SEC Launches New Unit To Protect Investors From Crypto And AI Fraud
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The US Securities and Stock Exchange Committee (SEC) announced on Monday the establishment of the e -technologies unit (CETU), which aims to combat misconduct in the coding and artificial intelligence sectors (AI). SEC strategic move to combat electronic misconduct According to To an official version of SEC, CETU will replace…
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Lloyds under fire to publish full £1bn HBOS fraud review
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The Lloyds Banking group has been urged to issue the full version of a long -awaited review of whether it is hiding a billion pounds of a billion pounds linked to the HBOS reading branch. Ms. Meg Heller, Chairman of the Treasury Committee, called for Lloyds to publish a “full…
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Argentine lawyers charge President Milei with fraud over cryptocurrency promotion
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Bread path links PMN PMN Business The author of the article: Associated Press Ramiro Pariro It was published on February 16, 2025 • Read 2 minutes You can save this article by registering for free here. Or log in if you have an account. Article content Montevideo (AP) – Argentine…
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Trump Investigates U.S. Debt for Fraud, Suggests Treasury Payments ‘Might Not Count’
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Trump is investigating the debts of the United States for fraud, noting that the treasury payments “may not count” president Donald Trump On Sunday, he said that his administration is investigating the American national debt, which indicates that some treasury payments may be fraudulent and “may not be counted.” Speaking…
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Fraud trial of Forbes ‘30 Under 30’ star to expose startup culture’s dark side
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Charlie Gavis, who was once celebrated as an emerging star in the world of technology, is scheduled to be tried this week in New York, accused of organizing millions of dollars in a fraud that saw her to finance students, Frank, to JP Morgan for $ 175 million (141 million…
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How Does Bat Handle Ad Fraud?
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The declaration of advertising is a great headache for the digital ads industry. One of the robots that pretend to be real users to fake clicks to increase costs, this problem causes huge losses every year. Enter the basic attention code (BAT), which is the digital currency that aims to…
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US co Chainalysis buys Israeli fraud detection co Alterya
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US blockchain giant Chainasis has announced that it has acquired a Tel Aviv-based startup Alteria. This is the company’s second acquisition in Israel after its acquisition of Hexagate last month. Chainalogy will pay $160 million for Alterya. Alterya was founded in 2022 by CEO Elad Fox and CTO Shahav Gonen.…
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California Man Sues Three Asian Banks Over $1 Million Crypto Fraud Loss – Who’s to Blame?
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A California man, Ken Lim, has taken legal action against three prominent banks in Asia — Fubon Bank, Chung Hing Bank, and DBS Bank — for allegedly facilitating a $1 million cryptocurrency scam. the lawsuitfiled in a California District Court on December 31, 2024, alleges that these banks failed to…
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How Machine Learning Enhances Fraud Detection in Online Gambling Platforms
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Online gambling has seen tremendous growth over the past decade, becoming a multi-billion dollar industry. However, with its rapid expansion comes an increasing risk of fraud. From identity theft and account takeovers to bonus abuse and money laundering, gambling platforms face constant threats. Effectively combating this type of fraud requires…
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JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
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A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, alleging that the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws. In the federal civil complaintThe Consumer Financial Protection Bureau…
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Ecommerce fraud protection co Justt raises $30m
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Israeli fintech company exactly The company announced the completion of a $30 million Series C financing round, which will allow it to further expand its activities in protecting businesses from unwarranted cancellation of transactions. The current funding round was led by Zeev Ventures with participation from existing investors Oak HC/FT…
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Brooge Energy investors file fraud complaint against Ernst & Young
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Written by Anna Hertenstein (Reuters) – Some Brooge Energy shareholders have filed a fraud complaint in the United States against Ernst & Young, alleging that an auditor failed to identify fabricated revenues in two years of the oil storage company’s annual reports. The plaintiffs are Stephen Cannon, Bryant Edwards, and…
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Celsius Founder Alexander Mashinsky Pleads Guilty To $4.7 Billion Fraud Charges
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Alexander MashinskyThe former CEO of now-bankrupt cryptocurrency lender Celsius has pleaded guilty to two counts of fraud, and faces a possible maximum sentence of 30 years in prison. This development comes on the heels of multiple charges filed by the US Department of Justice (DOJ), which originally charged him with…
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Death sentence for real estate tycoon Truong My Lan upheld in Vietnam’s largest fraud case
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Breadcrumb links PMN BMN Business Article writer: Associated Press Anirudh Ghosal Published on December 3, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content HANOI, Vietnam (AP) — The death sentence for real estate…
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SEC Sues Touzi Capital Over $115 Million Securities Fraud
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The US Securities and Exchange Commission (SEC) has sued Touzi Capital LLC, a cryptocurrency mining company, and its managing member Eng Taing, for multiple securities law violations. The US securities regulator alleges that the defendants deceived investors out of funds worth up to $115 million. sik vs. Tozi Capital and…
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Walmart must pay a truck driver $35 million after firing him and accusing him of fraud after an accident
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Walmart must pay one of its former truck drivers $35 million after a jury found the retailer falsely accused him of workers’ compensation fraud. A San Bernardino County jury said in a two-part verdict filed last week that former Walmart driver Jesus “Jesse” Fonseca is owed… $25 million in punitive…