#financial-fraud

#financial-fraud

A financial advisor in Ontario is accused of stealing over $1.8 million from clients through fraud and forgery.

A financial advisor was jailed for six years after losing €2 million from property investors in unauthorized transactions.

FBI efforts in 2024 to combat fraud include disbanding syndicates and increased arrests, yet financial losses remain staggeringly high, especially among older Americans.

Retirees are frequent targets of scams, particularly financial scams such as the Grandparent Scam and online romance scams.

Frauds exploiting romance scams are on the rise, leading to significant financial losses for individuals, particularly during and after the pandemic.

Victims of financial fraud are being re-victimized by scammers posing as FBI agents.

Scammers are targeting financial fraud victims by impersonating FBI agents, leading to further victimization.

Elder financial abuse is increasingly common, often perpetrated by family members using manipulation and deception.

A Citibank banker was sentenced to six months in jail for stealing $166,000 from an elderly dementia patient, reflecting serious financial fraud concerns.

The dismantling of the CFPB allows misleading companies like Prehired to rebrand and mislead students again.

LCF operated as a Ponzi scheme, misleading investors and causing significant financial losses, as ruled by a London judge.

New Android malware NGate steals payment card data using NFC technology, enabling attackers to clone cards for ATM withdrawals.

A phishing campaign using fake PDFs hosted on Webflow CDN aims to steal credit card information by tricking users with fake CAPTCHA forms.

Nishad Singh avoided prison time due to cooperation with prosecutors amid the FTX scandal.

FTX's lawsuit against Binance highlights allegations of fraudulent transactions involving $1.8 billion, seeking damages for creditors.

Do Kwon's extradition marks a pivotal point in legal accountability for cryptocurrency fraud.

Tom Goldstein was arrested for allegedly violating pretrial release by concealing millions in cryptocurrency transactions.

Caroline Ellison, former FTX executive, sentenced to two years for her role in massive fraud, citing cooperation with prosecutions as substantial yet insufficient to avoid prison.

AI voice-cloning scams can convincingly impersonate loved ones, leading to significant financial risk and emotional trauma.

The use of cryptocurrency in scams can be a red flag for potential victims.

Carlos Watson was sentenced to nearly 10 years in prison for financial conspiracy tied to Ozy Media's fraudulent practices.

Carlos Watson was sentenced to nearly 10 years in prison for financial conspiracy related to Ozy Media, revealing extreme fraud in startup culture.

Carlos Watson was sentenced to nearly 10 years for financial fraud, claiming racial bias influenced his trial outcomes and reflecting on Silicon Valley's culture of exaggeration.

Caroline Ellison received a 24-month prison sentence for her role in the FTX fraud, despite being a key witness against Sam Bankman-Fried.

Caroline Ellison received a two-year prison sentence after pleading for leniency, acknowledging her role in the significant financial fraud at FTX.