#financial-fraud

#financial-fraud

Hwang sentenced to 18 years prison for Collapse of Archegos Capital, causing $10bn losses to Wall Street banks.

Bill Hwang was sentenced to 18 years for causing $10bn losses through fraud and market manipulation at Archegos Capital.

A Boston man was sentenced for fraudulently obtaining PPP funds, reflecting serious repercussions for pandemic-related financial crimes.

International cooperation is crucial in combating sophisticated criminal networks like Black Axe, which engage in diverse illegal activities.

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

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.

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.

Hollywood's adaptation of Bankman-Fried's story may lack new insights despite the drama involved.

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.

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

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.

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

Another former FTX executive, Ryan Salame, sentenced to 90 months in prison for fraud and conspiracy.

Salame's involvement in serious crimes impacted the financial system, trust in elections, and was part of one of the largest financial frauds in US history.

Romance scams, especially 'pig butchering,' exploit emotional connections before leading victims to significant financial losses.

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.

The Trump family's cryptic social media posts about World Liberty Financial have left room for impersonators to exploit the situation with fraudulent crypto promotions.

Financial fraud complaints in the UK have reached a record high, with a notable rise in authorised push payment scams.

Scammers can spend months manipulating victims psychologically, leading to significant financial loss.

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

New Android malware NGate can relay contactless payment data to attackers, enabling fraudulent transactions from stolen cards.

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

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.

Brazen crooks are exploiting Meta's Threads to sell pilfered financial information, including full credit card details and personal data, with minimal moderation.

FASTCash malware manipulates financial transaction messages in a poorly configured interbank switch to falsely approve fraudulent transactions.

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

A former judicial assistant embezzled over $60,000 from a judge, resulting in a plea of guilty and a restitution agreement.

A Canarsie bishop, known for deceit and luxury, was sentenced to nine years in prison for financial fraud schemes.

Caroline Ellison received a 24-month sentence for her role in FTX fraud, showing remorse while acknowledging her complicity in significant financial crimes.

Marilyn Mosby, former Baltimore prosecutor, faces sentencing for perjury related to financial fraud, potentially impacting her public service legacy.

Truong My Lan is on trial for new charges while already serving a death sentence for the largest financial fraud in Vietnam's history.

Vietnam's anticorruption efforts culminated in major convictions, including that of tycoon Truong My Lan for a $12.5 billion fraud.

Manipulating elderly woman led to the theft of $280,000 by father-daughter duo in upstate New York.

Two men from Brooklyn were convicted of stealing hundreds of thousands of dollars from an elderly woman by pretending to be helpful neighbors.

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

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

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.

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