Category: Fraud
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Singaporean Woman Sentenced in £3B Bitcoin Fraud Case
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A London court has sentenced a Singaporean woman, Wen Jian, to six years and eight months in prison for her role in laundering Bitcoin (BTC) linked to a stunning $6.4 billion Chinese scam. The case, which involved the seizure of more than 61,000 bitcoins by UK police, has highlighted the…
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Mastercard Fights Back on Scams and Fraud
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Mastercard’s recent moves paint a fascinating picture of the current state of digital trust. On the one hand, They are joining forces with the United Nations Development Programme (UNDP) to address the global epidemic of digital fraud. On the other hand, They use advanced artificial intelligence To thwart the ever-present…
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Enron whistleblower: Financial fraud reporting still too hard
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Twenty-three years after Enron filed for bankruptcy, not much has changed regarding the culture of whistleblowing and reporting internal fraud. Although 56% of financial professionals reported that they had detected or suspected fraud within their organizations, the majority ( ) remained silent. As we have seen from the recent devastation…
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Equity seeks fraud busters to counter loss of client deposits
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Equity Group names top fraud busters just a month after losing millions of shillings to fraudsters, signaling a move by Kenya’s most profitable lender to strengthen its anti-fraud team. The bank, which recently raided the Central Bank of Kenya (CBK) and PricewaterhouseCoopers (PwC) in search of talent to strengthen its…
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Hong Kong Police Arrest Crypto Exchange Shop Employees on Suspicion of Fraud
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Hong Kong police have arrested three employees of a currency exchange shop on suspicion of fraudulent activities. This followed an incident where a customer at the store was reportedly confronted with piles of “hell money” before executing a cryptocurrency transfer worth around HK$1 million. Hong Kong authorities arrest 3 on…
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Binance and Taiwan Collaborate to Resolve $6.2 Million Crypto Fraud
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Binance’s Financial Crimes Compliance Department has partnered with the Investigation Bureau of the Taiwanese Ministry of Justice and the Taipei District Prosecutor’s Office to address a money laundering case involving NT$200 million ($6.2 million) in digital asset fraud. Collecting evidence in a crypto fraud case An official statement revealed that…
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Crypto Influencer ‘T.J. Stone’ Pleads Guilty To $1M Wire Fraud Scheme
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In federal court in Brooklyn on Thursday, cryptocurrency personality Thomas John Sferaga, also known as “TJ Stone,” pleaded guilty to… Wire fraud charges Charged with defrauding more than a dozen victims out of more than $1.3 million. Reveal the fake scheme According to To the US Department of Justice, from…
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Crypto Influencer ‘T.J. Stone’ Pleads Guilty To $1M Wire Fraud Scheme
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In federal court in Brooklyn on Thursday, cryptocurrency personality Thomas John Sferaga, also known as “TJ Stone,” pleaded guilty to… Wire fraud charges Charged with defrauding more than a dozen victims out of more than $1.3 million. Reveal the fake scheme According to To the US Department of Justice, from…
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Crypto personality ‘T.J. Stone’ pleads guilty to wire fraud
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Thomas John Sferraja, known as “TJ Stone,” pleaded guilty to fraud charges in federal court in Brooklyn on Thursday. According to the US Department of Justice, he was a traveler Accused By deceiving investors by promising returns of up to 60% within three months through a digital cryptocurrency wallet that…
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Crypto personality ‘T.J. Stone’ pleads guilty to wire fraud
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Thomas John Sferraja, known as “TJ Stone,” pleaded guilty to fraud charges in federal court in Brooklyn on Thursday. According to the US Department of Justice, he was a traveler Accused By deceiving investors by promising returns of up to 60% within three months through a digital cryptocurrency wallet that…
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SEC Chair Gensler: Crypto Represents ‘Outsized’ Share Of Scams And Fraud In Overall Markets
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In a recent interview with CNBC, the head of the Securities and Exchange Commission (SEC). Gary Gensler He reiterated his concerns about the cryptocurrency industry, highlighting its alleged connection to scams, fraud and compliance issues within the broader market. Compliance with cryptocurrency securities laws Gensler started with Recognition That although…
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SEC Chair Gensler: Crypto Represents ‘Outsized’ Share Of Scams And Fraud In Overall Markets
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In a recent interview with CNBC, the head of the Securities and Exchange Commission (SEC). Gary Gensler He reiterated his concerns about the cryptocurrency industry, highlighting its alleged connection to scams, fraud and compliance issues within the broader market. Compliance with cryptocurrency securities laws Gensler started with Recognition That although…
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Trump Media dismisses auditor BF Borgers amid SEC fraud charges By Reuters
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(Reuters) – The media and technology company owned by former US President Donald Trump said it replaced its auditor, BF Borgers, after the US Securities and Exchange Commission accused the accounting firm of committing “large-scale fraud” on Friday. Trump Media and Technology Group said in a filing with the Securities…
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Binance Assists Dutch Authorities in Exposing $30M Online Fraud
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Dutch media outlet NOS reported that Binance assisted Dutch authorities in an investigation that led to the seizure of assets worth millions of euros and the arrest of a 26-year-old man on suspicion of online fraud. Grab luxury cars and cryptocurrencies Dutch authorities, along with the Tax Investigation and Financial…
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DOJ Arrests Early Bitcoin Investor Roger Ver, ‘Bitcoin Jesus,’ on Charges of Tax Fraud
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The Department of Justice (DOJ) has indicted Roger Ver, a prominent early Bitcoin investor known as “Bitcoin Jesus,” on charges of mail fraud, tax evasion, and filing false tax returns. Ver was arrested over the weekend in Spain on these criminal charges, and the United States intends to request his…