Category: Fraud
-
India’s opposition protests against billionaire facing US bribery and fraud charges
•
Breadcrumb links PMN PMN works Article writer: Associated Press Shonal Ganguly and Manish Swarup Posted on November 25, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content NEW DELHI (AP) — Hundreds of supporters…
-
Mozambique’s Ruling Party Wins Vote Tainted by Fraud Claims
•
Breadcrumb links BMN Business The candidate of Mozambique’s ruling party has been declared the winner of the presidential election, as tensions over fraud allegations have put the southeast African nation on edge and sent its bonds plummeting. Article writer: Bloomberg News Matthew Hale and Borges Namier Published on October 24,…
-
Mozambique’s Ruling Party Wins Vote Tainted by Fraud Claims
•
Breadcrumb links BMN Business The candidate of Mozambique’s ruling party has been declared the winner of the presidential election, as tensions over fraud allegations have put the southeast African nation on edge and sent its bonds plummeting. Article writer: Bloomberg News Matthew Hale and Borges Namier Published on October 24,…
-
From Russia With Fraud: ‘Crypto Queen’ Diverts Funds To Ukrainian Army
•
A detained social media influencer could be headed to a Russian prison and remain there for nearly 10 years serving her sentence for committing cryptocurrency fraud. Valeria Fedyakina, dubbed the “Queen of Cryptocurrencies,” is at the center of multiple accusations of widespread fraudulent activities which have reportedly included… Financing the…
-
Ex-Philippine Mayor Implicated In $30 Million Fraud
•
Have crypto scammers infiltrated local government in Asia? The answer appears to be yes, as information has emerged linking a former Philippine mayor to a cryptocurrency scam group operating in Asia. This is an indication of growing concern about cryptocurrency scam rings in Southeast Asia and Hong Kong, which may…
-
German National Accused Of $150 Million Crypto Fraud Evades Capture
•
Horst Geisha, a German national accused of orchestrating a $150 million cryptocurrency fraud scheme, is on the run after failing to appear in federal court in Brooklyn. Gisha was reportedly under house arrest at his New York City home, after taking out a $5 million bond secured by his domestic…
-
Telegram A Breeding Ground For Crypto Fraud, UN Says
•
The United Nations recently released a surprising report stating that Telegram has emerged as one of the major applications A platform for criminal networks In Southeast Asia. These encrypted chatbots have become a hotspot for money laundering, fraud and the sharing of stolen data, according to the United Nations. The…
-
Telegram A Breeding Ground For Crypto Fraud, UN Says
•
The United Nations recently released a surprising report stating that Telegram has emerged as one of the major applications A platform for criminal networks In Southeast Asia. These encrypted chatbots have become a hotspot for money laundering, fraud and the sharing of stolen data, according to the United Nations. The…
-
Citi pushes back on New York lawsuit over fraud scams, Bloomberg News reports By Reuters
•
(Reuters) – Citigroup lawyers urged U.S. District Judge Paul Oetken to dismiss a lawsuit filed in January by Attorney General Letitia James, which accuses the Citibank unit of failing to compensate customers who fall victim to online scammers, Bloomberg News reported on Tuesday. The report added that the lawyers said…
-
Fake Bank Statements Se Fraudulent Loans Approve Karne Wale Employee Ko Police Ne Kiya Arrest
•
Pune mein ek financial scam samne aaya hai, jisme ₹10.87 lakhs ka fraud kiya gaya hai. Ek private financial company mein 18 logon ke fraudulently loans approve kiye gaye, jo loan ke liye eligible nahi the. Ye loans fake bank statements ke aadhaar par diye gaye, jo khas facilitation centers…
-
SEC charges TrustToken and TrueCoin over stablecoin fraud
•
The US Securities and Exchange Commission has charged two crypto companies linked to the TUSD stablecoin with securities violations. TrueCoin and TrustToken stable The U.S. Securities and Exchange Commission has filed a lawsuit against TrustToken, accusing it of making unregistered offers and selling investment contracts between November 2020 and April…
-
SEC charges TrustToken and TrueCoin over stablecoin fraud
•
The US Securities and Exchange Commission has charged two crypto companies linked to the TUSD stablecoin with securities violations. TrueCoin and TrustToken stable The U.S. Securities and Exchange Commission has filed a lawsuit against TrustToken, accusing it of making unregistered offers and selling investment contracts between November 2020 and April…
-
Sam Bankman-Fried demands new trial over FTX fraud verdict
•
Former FTX CEO Sam Bankman-Fried is appealing his 25-year prison sentence following a five-week trial late last year. According to the New York Times, Bankman-Fried resume A November 2023 court ruling found the FTX founder guilty of defrauding investors of more than $8 billion. His new attorney, Alexandra A.E. Shapiro,…
-
Sam Bankman-Fried demands new trial over FTX fraud verdict
•
Former FTX CEO Sam Bankman-Fried is appealing his 25-year prison sentence following a five-week trial late last year. According to the New York Times, Bankman-Fried resume A November 2023 court ruling found the FTX founder guilty of defrauding investors of more than $8 billion. His new attorney, Alexandra A.E. Shapiro,…
-
Nasdaq CEO: U.S. economic growth would be 0.5% higher if it weren’t for fraud
•
If financial crime were a sector of the U.S. economy, it would be on par with accommodation and food services—money laundering activity would account for 3.1% of national GDP in 2023. Despite its scale, financial crime remains a largely hidden epidemic, spanning jurisdictions and borders and underpinning many of society’s…
-
Attorneys push for no prison time for Caroline Ellison in FTX fraud case
•
Caroline Ellison’s lawyers are asking for her to be released from prison and given supervised release, citing her cooperation in the FTX case. Caroline Ellison, the former CEO of Alameda Research, is seeking time served and probation instead of prison as her sentencing date approaches on Sept. 24. Submit a…
-
Attorneys push for no prison time for Caroline Ellison in FTX fraud case
•
Caroline Ellison’s lawyers are asking for her to be released from prison and given supervised release, citing her cooperation in the FTX case. Caroline Ellison, the former CEO of Alameda Research, is seeking time served and probation instead of prison as her sentencing date approaches on Sept. 24. Submit a…
-
US states reach $1b crypto fraud settlement, owner promises refunds
•
Five US states have reached a settlement with the owner and operators of an alleged $1 billion cryptocurrency investment scheme. The plan, led by Josip Hit and his GSB group, lured investors with promises of tokenized fractional ownership in a skyscraper, investments in the metaverse, and a cryptocurrency that was…
-
US states reach $1b crypto fraud settlement, owner promises refunds
•
Five US states have reached a settlement with the owner and operators of an alleged $1 billion cryptocurrency investment scheme. The plan, led by Josip Hit and his GSB group, lured investors with promises of tokenized fractional ownership in a skyscraper, investments in the metaverse, and a cryptocurrency that was…
-
Banks to gain new powers to freeze large payments for fraud checks
•
UK banks are soon set to get new powers to freeze large payments for up to four days as part of updated fraud prevention measures due to come into force this autumn. The changes come ahead of a new anti-fraud regime coming into effect on October 7, which will require…