#financial-fraud
#financial-fraud

fromBoston.com

Don't click on those road toll texts, FBI warns

Scam toll collection texts are misleading Americans to share financial information, prompting FBI warnings and advice to delete such messages.

Artificial intelligence

fromWIRED

Google Is Using On-Device AI to Spot Scam Texts and Investment Fraud

Online scams are at an all-time high, costing Americans $16.6 billion in losses last year.

Google is enhancing its Scam Detection feature in Google Messages to combat increasing scams.

fromwww.housingwire.com

Cybercrime resulted in record losses in 2024

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

Tech industry

NioCorp loses $500K in suspected BEC scam

NioCorp Developments experienced a cyberattack on Valentine's Day, leading to a $500,000 misdirected payment due to a business email compromise scheme.

Marketing tech

fromSecuritymagazine

$20B loss estimated from potential March Madness hacks

Organizations could face over $18.3 billion in revenue losses during March Madness due to AI-related cyber threats and office betting distractions.

fromTechRadar

2 weeks ago

Tech industry

I have witnessed firsthand the damagecaused by fake employees: here's what your business must do to avoid it

fromBoston.com

Don't click on those road toll texts, FBI warns

Scam toll collection texts are misleading Americans to share financial information, prompting FBI warnings and advice to delete such messages.

Artificial intelligence

fromWIRED

Google Is Using On-Device AI to Spot Scam Texts and Investment Fraud

Online scams are at an all-time high, costing Americans $16.6 billion in losses last year.

Google is enhancing its Scam Detection feature in Google Messages to combat increasing scams.

fromwww.housingwire.com

Cybercrime resulted in record losses in 2024

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

Tech industry

NioCorp loses $500K in suspected BEC scam

NioCorp Developments experienced a cyberattack on Valentine's Day, leading to a $500,000 misdirected payment due to a business email compromise scheme.

Marketing tech

fromSecuritymagazine

$20B loss estimated from potential March Madness hacks

Organizations could face over $18.3 billion in revenue losses during March Madness due to AI-related cyber threats and office betting distractions.

fromTechRadar

2 weeks ago

Tech industry

I have witnessed firsthand the damagecaused by fake employees: here's what your business must do to avoid it

more#cybersecurity

3 weeks ago

Texas warns 300,000 accident reports stolen from its servers

Nearly 300,000 Texas crash reports were improperly downloaded, risking financial fraud against drivers.

Russian national charged in federal court with 22 counts of wire and bank fraud

A cryptocurrency founder was arrested for evading sanctions and defrauding financial institutions.

fromwww.nytimes.com

8 months ago

New York City

Nishad Singh, a Top FTX Executive, Is Given No Prison Time After Cooperation

Cryptocurrency

fromBrooklyn Eagle

3 weeks ago

Russian national charged in federal court with 22 counts of wire and bank fraud

A cryptocurrency founder was arrested for evading sanctions and defrauding financial institutions.

New York City

fromwww.nytimes.com

8 months ago

Nishad Singh, a Top FTX Executive, Is Given No Prison Time After Cooperation

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

more#cryptocurrency

4 weeks ago

SFO investigates alleged multimillion-pound fraud at collapsed council

The Serious Fraud Office investigation into Rockfire Investment Finance follows a scandal involving Thurrock council's misallocation of over £100 million into solar farms.

London startup

fromwww.bbc.com

Phone theft victim loses 35,000 after device stolen

Kush Chaudary, a phone theft victim, lost over £35,000 after thieves stole his phone and quickly changed his passcode, highlighting the urgency of device security.

London startup

fromBKReader

Secret Service Cracks Down EBT Fraud in NYC Convenience Stores

The Secret Service is expanding its role to protect users of electronic benefit cards from scams.

Operation Flagship aims to tackle illegal EBT and debit card machines in New York.

fromBusiness Insider

A pharma heir gave her former lawyer $10 million. Now her lawyers say she was 'tricked.'

One of Engelhorn's lawyers, Tony Williams, says the heir was "tricked" into signing the gift paperwork when Bolog gave it to her one morning while she was vacationing on Cape Cod in Massachusetts.

Silicon Valley real estate

#journalism

Helpless': Woman sees credit score plummet after falling victim to Monzo scam

Sophisticated impersonation scams can lead to severe financial damage for unsuspecting victims.

UK politics

Fraud and system errors lead to staggering' number of benefit overpayments

The Independent emphasizes the importance of quality journalism amid rising overpayments and fraud in financial assistance programs.

Helpless': Woman sees credit score plummet after falling victim to Monzo scam

Sophisticated impersonation scams can lead to severe financial damage for unsuspecting victims.

UK politics

Fraud and system errors lead to staggering' number of benefit overpayments

The Independent emphasizes the importance of quality journalism amid rising overpayments and fraud in financial assistance programs.

Online marketing

The FTC says company that pitched financial freedom scammed people out of $1 billion

fromThe Verge

Privacy professionals

A shady, shuttered tech bootcamp may be sneaking back online

Online marketing

fromBusiness Insider

The FTC says company that pitched financial freedom scammed people out of $1 billion

IYOVIA is accused of operating a massive multi-level marketing scam that led to substantial financial losses for consumers.

fromThe Verge

A shady, shuttered tech bootcamp may be sneaking back online

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

more#consumer-protection

#investment-theft

fromwww.cbc.ca

Toronto startup

Ontario financial advisor charged in $1.8M fraud investigation | CBC News

fromIndependent

Intellectual property law

Financial advisor who lost 2m of investors funds in unauthorised stock market transactions jailed

fromwww.cbc.ca

Toronto startup

Ontario financial advisor charged in $1.8M fraud investigation | CBC News

fromIndependent

Intellectual property law

Financial advisor who lost 2m of investors funds in unauthorised stock market transactions jailed

more#investment-theft

You don't expect your own children to do this': Ray's shocking tale of elder abuse and the son who stole $230,000

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

#scams

fromwww.dailynews.com

Privacy professionals

Victimized once online, they get hit again by FBI impersonators saying lost money can be returned

fromThe Mercury News

Privacy professionals

Victimized once online, they get hit again by FBI impersonators saying lost money can be returned

fromwww.dailynews.com

Privacy professionals

Victimized once online, they get hit again by FBI impersonators saying lost money can be returned

fromThe Mercury News

Privacy professionals

Victimized once online, they get hit again by FBI impersonators saying lost money can be returned

more#scams

from24/7 Wall St.

My Sister-in-Law Ran Up $12K on Our Credit Card - How Can We Recover the Money?

The husbandâs sister was added as an authorized credit card user to help, but instead racked up $12,000 in charges without informing them.

Women

NYC politics

fromNew York Post

NY AG Letitia James finds herself accused of the very same real estate shenanigans she charged Trump with

Letitia James, after prosecuting Trump, faces allegations of her own financial misconduct related to housing loans.

FTX founder Sam Bankman-Fried asks for retrial

Bankman-Fried's lawyers argue he was unfairly judged, claiming a rush to judgment led to his conviction before due process.

They contend new evidence suggests that FTX had sufficient assets at the time of bankruptcy.

fromBrooklyn Eagle

Brooklyn crypto felon Bankman-Fried moved to Oklahoma after jail interview

Sam Bankman-Fried, sentenced for financial fraud, has been transferred to a Federal Transfer Center after facing solitary confinement.

fromCoindesk

9 months ago

New York City

Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison for Her Role in FTX Fraud

New York City

fromFortune

9 months ago

FTX founder Sam Bankman-Fried asks for retrial

Bankman-Fried's lawyers argue he was unfairly judged, claiming a rush to judgment led to his conviction before due process.

They contend new evidence suggests that FTX had sufficient assets at the time of bankruptcy.

fromBrooklyn Eagle

Brooklyn crypto felon Bankman-Fried moved to Oklahoma after jail interview

Sam Bankman-Fried, sentenced for financial fraud, has been transferred to a Federal Transfer Center after facing solitary confinement.

fromCoindesk

9 months ago

New York City

Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison for Her Role in FTX Fraud

more#ftx

fromHackernoon

Claims Against BE Club Founders Concerning OneCoin Withdrawn | HackerNoon

"For years, misinformation surrounding OneCoin has affected my reputation, including allegations of dishonesty, fraud, and fleeing the UK. This resolution shows we have been telling the truth."

UK news

Law

fromwww.mercurynews.com

Jury deadlocks over Marin bank's alleged complicity in $250 million scam

A federal jury could not reach a verdict in the Umpqua Bank case regarding involvement in a $250 million financial fraud.

Thousands of trafficked scammers await return to Thailand

Thailand is set to address a crisis of trafficking and financial scams emanating from Myanmar by repatriating thousands of victims.

SF parents

fromABC7 San Francisco

3 arrested in North Bay after kidnapping patient from medical facility, police say

Three suspects kidnapped a patient from a medical facility in an attempt to gain control of their finances.

Artificial intelligence

fromThe Hacker News

5 months ago

Top 5 AI-Powered Social Engineering Attacks

AI is enhancing social engineering tactics by targeting human vulnerabilities on a larger scale.

#carlos-watson

fromwww.npr.org

Media industry

Carlos Watson gets nearly 10 years in prison in case about failed startup Ozy Media

Miscellaneous

Ozy Media co-founder gets nearly 10 years in prison in financial conspiracy case

fromDefector

Black Lives Matter

Carlos Watson Played The Wrong Game And Lost | Defector

fromwww.npr.org

Media industry

Carlos Watson gets nearly 10 years in prison in case about failed startup Ozy Media

Miscellaneous

Ozy Media co-founder gets nearly 10 years in prison in financial conspiracy case

fromDefector

Black Lives Matter

Carlos Watson Played The Wrong Game And Lost | Defector

more#carlos-watson

London

7 months ago

Investment firm London Capital & Finance was Ponzi scheme, court rules

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