#financial-fraud
#financial-fraud

Chicago man arrested in massive $400 million 'SIM swap' scheme allegedly targeting company's cryptocurrency accounts

A Chicago man has been arrested for participating in a SIM swap scheme that allegedly stole $400 million in virtual currency from a company.

SIM swapping is a growing security threat that can target finances and manipulate social media accounts to spread misinformation. [ more ]

Theregister

Accused data peddler faces prison for running fraud op

A Baltimore man has been charged for running an online service that sold personal data for financial fraud.

The service operated through an online chat group where criminals exchanged victims' personal information for small digital payments. [ more ]

www.mercurynews.com

Letters: Change unneeded

Keeping Oakland International Airport name preserves identity amidst nearby international airports. [ more ]

New York Post

New York City

'Shark Tank' star Kevin O'Leary rips Trump's $454M civil fraud penalty as 'an attack on America'

Kevin O'Leary criticizes Trump's $454 million bond as an attack on America

O'Leary warns that seizing assets on a bond is unprecedented and troubling for the American economic brand. [ more ]

Above the Law

2 months ago

Law

Tish James Is Absolutely Keeping Score

Donald Trump and the Trump Organization penalized over $450 million for financial fraud.

Interest on the disgorgement keeps increasing by $114,553.04 daily. [ more ]

moredonald-trump

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

3 days ago

Business

The Bitcoin Ponzi Scheme Paradox

Cryptocurrencies are often likened to Ponzi schemes by mainstream media, leading to debate and scrutiny on their legitimacy. [ more ]

www.nytimes.com

New York City

Trump's Ex-Finance Chief Is Sentenced to 5 Months in Rikers for Perjury

Weisselberg sentenced to jail for perjury related to Trump's legal issues.

Weisselberg refused to turn on Trump, leading to his incarceration. [ more ]

MLB Trade Rumors

Major League Baseball

Report: Ohtani's Former Interpreter Ippei Mizuhara Negotiating Guilty Plea For Theft

Former interpreter Ippei Mizuhara accused by Shohei Ohtani of stealing from his bank account.

Federal prosecutors uncovering more extensive siphoning of money by Mizuhara than initially reported. [ more ]

www.independent.co.uk

UK news

Police unable to identify ashes recovered from funeral home under investigation

Detectives are unable to identify human ashes from the scandal-hit funeral home, sparking concerns about repatriation with families.

A significant number of calls on suspected financial and fraudulent activity at Legacy Independent Funeral Directors have been received, pushing a complex investigation forward. [ more ]

Dealbreaker

Law

Tom Hayes Really Wishes He Did His LIBOR-Rigging In New York

Tom Hayes and Carlo Palombo will not return to jail, but their reputations remain tarnished.

Manipulating interest rates is still considered illegal in the UK despite the appeal ruling. [ more ]

www.dw.com

Cryptocurrency

Sam Bankman-Fried: The rise and fall of the FTX crypto mogul DW 03/28/2024

Sam Bankman-Fried sentenced to 25 years in jail for financial fraud

Bankman-Fried's reputation as a responsible figure in the cryptocurrency sector impacted FTX's success [ more ]

www.aljazeera.com

Black Lives Matter

Former crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Bankman-Fried sentenced to 25 years in prison for FTX cryptocurrency exchange fraud

FTX founder accused of stealing $8bn from customers

Judge rejects Bankman-Fried's claim that customers did not lose money [ more ]

therealdeal.com

2 months ago

LA real estate

OC Homes of AB Capital Owners Raided by FBI

FBI agents seized evidence in AB Capital executives' homes related to a Ponzi scheme.

Investors, including wealth manager Brian Werlemman, were allegedly duped out of tens of millions of dollars in this elaborate scheme. [ more ]

www.theguardian.com

2 months ago

Digital life

I was in despair': how lending a phone led to life savings being stolen

Be cautious about keeping sensitive financial information on your phone, especially in easily accessible places like mobile cases.

In case of theft or fraud, act promptly to protect your accounts by contacting the bank immediately and avoiding storing PINs and passwords on your devices. [ more ]

TechCrunch

Google starts blocking users from sideloading certain apps in Singapore | TechCrunch

Google is launching a program in Singapore to prevent users from sideloading certain apps that abuse Android permissions for financial fraud.

The program aims to block sideloaded apps that intercept one-time passwords received through SMS and notifications.

Google has collaborated with the Cyber Security Agency of Singapore for this initiative. [ more ]

ABC7 San Francisco

4 months ago

Oakland man says fraudulent accounts opened, home purchased in his name after city's ransomware hack

OAKLAND, Calif. (KGO) -- It's been ten months since the city of Oakland's network was hacked and the personal information of tens of thousands of people was leaked onto the dark web.

www.eastbaytimes.com