Crime and Public Safety | Union City company owner gave homeless man a job, set up arraigned marriage, and forgave him for theft. He repaid them by stealing $4.3 million, DA says
Trust can lead to vulnerability in business relationships.
Betrayal by someone close can have devastating financial consequences.
Ignoring red flags can result in significant losses.
Building surveyor who swindled National Trust out of more than 1million is jailed
Roger Bryant, 73, was sentenced for swindling over £1 million from the National Trust.
2 arrested, 3 wanted in door-to-door scam that defrauded over 200 Ontarians: OPP | CBC News
A door-to-door sales scam defrauded over 200 victims in Ontario, preying on older adults and vulnerable individuals.
Two men arrested; three more wanted by police for extensive fraud including registering fake liens against victims' homes.
Former office manager of Dartmouth College student paper gets 15-month sentence for stealing $223K
Nicole Chambers was sentenced to 15 months for stealing over $223,000 from Dartmouth College's student newspaper, The Dartmouth.
Chase warns people viral "free money" Tiktok trend is fraud
TikTok users are engaging in a fraud scheme promoted as a 'free money' hack, risking severe legal consequences.
The title industry is working to tackle fraud - HousingWire
Fraud costs American consumers $10 billion in 2023, with real estate fraud increasingly impacting homeowners.
The title insurance industry is combating various types of fraud, including seller impersonation and wire fraud.
Crime and Public Safety | Union City company owner gave homeless man a job, set up arraigned marriage, and forgave him for theft. He repaid them by stealing $4.3 million, DA says
Trust can lead to vulnerability in business relationships.
Betrayal by someone close can have devastating financial consequences.
Ignoring red flags can result in significant losses.
Building surveyor who swindled National Trust out of more than 1million is jailed
Roger Bryant, 73, was sentenced for swindling over £1 million from the National Trust.
2 arrested, 3 wanted in door-to-door scam that defrauded over 200 Ontarians: OPP | CBC News
A door-to-door sales scam defrauded over 200 victims in Ontario, preying on older adults and vulnerable individuals.
Two men arrested; three more wanted by police for extensive fraud including registering fake liens against victims' homes.
Former office manager of Dartmouth College student paper gets 15-month sentence for stealing $223K
Nicole Chambers was sentenced to 15 months for stealing over $223,000 from Dartmouth College's student newspaper, The Dartmouth.
Chase warns people viral "free money" Tiktok trend is fraud
TikTok users are engaging in a fraud scheme promoted as a 'free money' hack, risking severe legal consequences.
The title industry is working to tackle fraud - HousingWire
Fraud costs American consumers $10 billion in 2023, with real estate fraud increasingly impacting homeowners.
The title insurance industry is combating various types of fraud, including seller impersonation and wire fraud.
The US Treasury's use of AI in fraud detection has significantly improved financial crime recovery, with over $4 billion recovered in fiscal 2024.
New AI System Aims to Detect Financial Fraud Across Corporate Networks | PYMNTS.com
A new AI system, FraudGCN, can detect accounting fraud by analyzing financial patterns and corporate relationships, enhancing fraud detection across industries.
AI helped the feds catch $1B of fraud in 1 year
The US Treasury's use of AI in fraud detection has significantly improved financial crime recovery, with over $4 billion recovered in fiscal 2024.
New AI System Aims to Detect Financial Fraud Across Corporate Networks | PYMNTS.com
A new AI system, FraudGCN, can detect accounting fraud by analyzing financial patterns and corporate relationships, enhancing fraud detection across industries.
UK challenger bank Starling hit with 29 million FCA fine for 'shockingly lax' customer checks
Starling Bank was fined £29 million for insufficient controls against financial crime, exposing the system to risks from criminals and sanctioned individuals.
Starling Bank fined 29m for 'shockingly lax' financial crime controls
Starling Bank was fined £29 million for severe lapses in financial crime controls, jeopardizing the UK's financial integrity.
The bank's supervised growth did not include robust anti-money laundering systems, leading to compliance failures.
Starling Bank fined 29m for shockingly lax' financial crime controls
Starling Bank was fined £29 million for insufficient financial crime controls, allowing risks of fraud and money laundering.
UK challenger bank Starling hit with 29 million FCA fine for 'shockingly lax' customer checks
Starling Bank was fined £29 million for insufficient controls against financial crime, exposing the system to risks from criminals and sanctioned individuals.
Starling Bank fined 29m for 'shockingly lax' financial crime controls
Starling Bank was fined £29 million for severe lapses in financial crime controls, jeopardizing the UK's financial integrity.
The bank's supervised growth did not include robust anti-money laundering systems, leading to compliance failures.
Starling Bank fined 29m for shockingly lax' financial crime controls
Starling Bank was fined £29 million for insufficient financial crime controls, allowing risks of fraud and money laundering.
Former FTX executive Caroline Ellison sentenced to two years for fraud
Caroline Ellison, the former CEO of Alameda Research, is sentenced to two years for fraud, with leniency for her testimony against Sam Bankman-Fried.
SBF's right hand woman praised - but still on the hook
Caroline Ellison received a two-year prison sentence due to her cooperation in providing crucial testimony against Sam Bankman-Fried in the FTX case.
Caroline Ellison sentenced to 2 years for role in FTX crypto fraud
Caroline Ellison received a two-year prison sentence for her role in FTX's collapse, highlighting issues of accountability and cooperation in financial fraud cases.
Caroline Ellison gets two years in prison over role in FTX fraud
Caroline Ellison was sentenced to two years for her role in the FTX fraud, showcasing the significance of her cooperation during the trial.
Former FTX executive Caroline Ellison sentenced to two years for fraud
Caroline Ellison, the former CEO of Alameda Research, is sentenced to two years for fraud, with leniency for her testimony against Sam Bankman-Fried.
SBF's right hand woman praised - but still on the hook
Caroline Ellison received a two-year prison sentence due to her cooperation in providing crucial testimony against Sam Bankman-Fried in the FTX case.
Caroline Ellison sentenced to 2 years for role in FTX crypto fraud
Caroline Ellison received a two-year prison sentence for her role in FTX's collapse, highlighting issues of accountability and cooperation in financial fraud cases.
Caroline Ellison gets two years in prison over role in FTX fraud
Caroline Ellison was sentenced to two years for her role in the FTX fraud, showcasing the significance of her cooperation during the trial.
Tron, Tether and TRM Labs Start Financial Crime Fighting Force
Tron, Tether, and TRM Labs are collaborating to combat illicit financial activities in cryptocurrency, particularly focused on the Tron blockchain.
A bank exec stole $47 million for a crypto scam, and now he's going to jail
A Kansas bank CEO was sentenced to 24 years for embezzling $47.1 million to fund a pig butchering scam, leading to the bank's collapse.
What does the ECCT mean for crypto? - London Business News | Londonlovesbusiness.com
Law enforcement agencies have new powers under ECCT to investigate financial crimes, including handling cryptoassets similar to bank accounts during investigations.
Accounting giant Deloitte seeking specialists for crypto investigations
Deloitte seeks specialist staff for cryptocurrency-related financial crime.
Requirements include secret and Top Secret clearance, knowledge of crypto, dark web research.
Tron, Tether and TRM Labs Start Financial Crime Fighting Force
Tron, Tether, and TRM Labs are collaborating to combat illicit financial activities in cryptocurrency, particularly focused on the Tron blockchain.
A bank exec stole $47 million for a crypto scam, and now he's going to jail
A Kansas bank CEO was sentenced to 24 years for embezzling $47.1 million to fund a pig butchering scam, leading to the bank's collapse.
What does the ECCT mean for crypto? - London Business News | Londonlovesbusiness.com
Law enforcement agencies have new powers under ECCT to investigate financial crimes, including handling cryptoassets similar to bank accounts during investigations.
Accounting giant Deloitte seeking specialists for crypto investigations
Deloitte seeks specialist staff for cryptocurrency-related financial crime.
Requirements include secret and Top Secret clearance, knowledge of crypto, dark web research.
Swiss court convicts two PetroSaudi executives in the 'scam of the century' over $1.8 billion embezzlement
Two PetroSaudi executives were sentenced for embezzling $1.8 billion from Malaysia's 1MDB fund, marking a significant legal outcome in a vast corruption case.
Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse
A former bank CEO embezzled $47 million after falling for a cryptocurrency scam, leading to a 24-year prison sentence.
Former official pleads guilty to embezzling nearly $16 million from O.C. school district
Former public school official embezzled almost $16 million from Magnolia School District.
Contreras used stolen funds for a lavish lifestyle and faces up to 10 years in prison.
Swiss court convicts two PetroSaudi executives in the 'scam of the century' over $1.8 billion embezzlement
Two PetroSaudi executives were sentenced for embezzling $1.8 billion from Malaysia's 1MDB fund, marking a significant legal outcome in a vast corruption case.
Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse
A former bank CEO embezzled $47 million after falling for a cryptocurrency scam, leading to a 24-year prison sentence.
Former official pleads guilty to embezzling nearly $16 million from O.C. school district
Former public school official embezzled almost $16 million from Magnolia School District.
Contreras used stolen funds for a lavish lifestyle and faces up to 10 years in prison.
California man's death was called natural. Two years later, his plumber is accused of murder.
A plumber accused of murdering clients for money, undetected due to natural cause appearances.
Long Island investment advisor convicted of embezzling $1 million to fund lavish life
A former investment adviser was convicted of wire fraud, investment adviser fraud, and money laundering for misappropriating over $1 million from clients.
Brooklyn Lawyer Charged For Theft of Nearly $4 Million From Clients
Lawyer indicted for stealing $3.8 million from clients to fund lavish lifestyle.
Ippei Mizuhara to Plead Guilty to Federal Crimes for Stealing From Dodgers' Shohei Ohtani: Report
Prosecutors suspect more money stolen from Ohtani than initially reported.
Evidence suggests Mizuhara manipulated Ohtani's bank account settings to hide transactions.
Millions more in cash needed to fund UK's open-banking watchdog
Banks are under pressure to provide interim funding for open banking supervision.
Regulators seek funding to prevent financial crime and protect consumers.
How AI And ML Aid The Global Banking Industry
Financial crime, especially trade-based money laundering (TBML), is a significant threat to the global banking industry.
AI and ML technologies are increasingly being utilized by banks to combat the sophisticated tactics used by criminals in TBML schemes.
Ukrainian man pleads guilty in cyberattack that temporarily disrupted major Vermont hospital
Ukrainian man pleads guilty to cyberattacks at University of Vermont Medical Center
Penchukov admitted involvement in malware schemes leading to millions in losses
Two arrests over homemade mobile antenna used to send thousands of smishing texts to public
Illegitimate telephone mast used to send smishing messages bypassing network systems, first incident in the UK. Collaboration between law enforcement, regulators, and operators crucial for fraud prevention.
Ukrainian man pleads guilty in cyberattack that temporarily disrupted major Vermont hospital
Ukrainian man pleads guilty to cyberattacks at University of Vermont Medical Center
Penchukov admitted involvement in malware schemes leading to millions in losses
Two arrests over homemade mobile antenna used to send thousands of smishing texts to public
Illegitimate telephone mast used to send smishing messages bypassing network systems, first incident in the UK. Collaboration between law enforcement, regulators, and operators crucial for fraud prevention.