Indian ride-hailing startup BluSmart swept up in Gensol investigation alleging misuse of EV loans | TechCrunchIndia's SEBI is investigating Gensol Engineering for alleged misuse of loans meant for electric vehicle purchases.
How Deepfake Elon Musk' Became the Internet's Biggest ScammerA.I.-driven deepfake scams have become a major risk, as illustrated by the case of an 82-year-old retiree losing $690,000.
Bay Area tech startup CEO gets prison time for lying about productA Bay Area AI startup founder was sentenced to prison for defrauding investors out of millionsShaukat Shamim raised $17 million through lies about company performance and product capabilities.
How Deepfake Elon Musk' Became the Internet's Biggest ScammerA.I.-driven deepfake scams have become a major risk, as illustrated by the case of an 82-year-old retiree losing $690,000.
Bay Area tech startup CEO gets prison time for lying about productA Bay Area AI startup founder was sentenced to prison for defrauding investors out of millionsShaukat Shamim raised $17 million through lies about company performance and product capabilities.
FTC Sues Click Profit, Alleges Passive Income Amazon AI Scam | EntrepreneurClick Profit is accused of defrauding consumers by falsely promising guaranteed income through e-commerce ventures.
FCA is incompetent at best, dishonest at worst', claim MPs and peersThe UK's Financial Conduct Authority is criticized as incompetent and opaque, requiring urgent reforms to better protect consumers and tackle financial crime.
FTC Sues Click Profit, Alleges Passive Income Amazon AI Scam | EntrepreneurClick Profit is accused of defrauding consumers by falsely promising guaranteed income through e-commerce ventures.
FCA is incompetent at best, dishonest at worst', claim MPs and peersThe UK's Financial Conduct Authority is criticized as incompetent and opaque, requiring urgent reforms to better protect consumers and tackle financial crime.
Scam Operations Relied on Third-Party Marketing Companies for Steady Stream of Potential VictimsScam Empire reveals the vast scale of international investment fraud operations involving call centers, impacting thousands of victims globally.
Crypto scams rake in $5.6B a year for lowlifes, FBI saysCrypto-related cybercrime losses in the US exceeded $5.6 billion in 2023, with a significant rise attributed to investment scams targeting older individuals.
Scam Operations Relied on Third-Party Marketing Companies for Steady Stream of Potential VictimsScam Empire reveals the vast scale of international investment fraud operations involving call centers, impacting thousands of victims globally.
Crypto scams rake in $5.6B a year for lowlifes, FBI saysCrypto-related cybercrime losses in the US exceeded $5.6 billion in 2023, with a significant rise attributed to investment scams targeting older individuals.
California anti-poverty activist accused of defrauding investors out of more than $145 millionJoseph Sanberg, anti-poverty activist, was arrested for allegedly defrauding investors of $145 million.
Former AI CEO and Wife Arrested in SF for $60M Fraud SchemeFormer GameOn CEO and wife accused of $60 million fraud scheme involving misleading investor statements.
California anti-poverty activist accused of defrauding investors out of more than $145 millionJoseph Sanberg, anti-poverty activist, was arrested for allegedly defrauding investors of $145 million.
Former AI CEO and Wife Arrested in SF for $60M Fraud SchemeFormer GameOn CEO and wife accused of $60 million fraud scheme involving misleading investor statements.
New investigations into JuicyFields scam DW 12/03/2024JuicyFields, a medical cannabis investment company, defrauded almost 200,000 investors, leading to an estimated loss of $678 million.
Bay Area victim duped by AI-generated Trump gold investment scam: Here's what to knowIndividuals fell victim to a scam involving fake AI-generated videos of famous figures promoting a bogus investment opportunity.Marine veteran Wesley Skelton invested heavily in 'Golden Eagles' based on promises of immense returns, ultimately discovering it was a scam.
Crypto, lies and torture: Inside the scam compounds of Southeast AsiaDaniel's story illustrates a classic example of online dating alongside a cryptocurrency scam.Adele, who Daniel thought was a potential romantic interest, turned out to be a scammer.
New investigations into JuicyFields scam DW 12/03/2024JuicyFields, a medical cannabis investment company, defrauded almost 200,000 investors, leading to an estimated loss of $678 million.
Bay Area victim duped by AI-generated Trump gold investment scam: Here's what to knowIndividuals fell victim to a scam involving fake AI-generated videos of famous figures promoting a bogus investment opportunity.Marine veteran Wesley Skelton invested heavily in 'Golden Eagles' based on promises of immense returns, ultimately discovering it was a scam.
Crypto, lies and torture: Inside the scam compounds of Southeast AsiaDaniel's story illustrates a classic example of online dating alongside a cryptocurrency scam.Adele, who Daniel thought was a potential romantic interest, turned out to be a scammer.
Man used Jackie Robinson contracts to steal millions from investors. Then he fled to Russia seeking asylumJackie Robinson's contracts are now held by U.S. Marshals, valuing them potentially in millions, stemming from a fraud investigation.
An AI startup CEO on a Forbes '30 Under 30' list has been charged with defrauding investors out of $10 millionJoanna Smith-Griffin faces fraud charges for inflating revenues at AllHere Education to secure $10 million in investment.
Lawyers in Financial Disputes: Advocates Against FraudLawyers specializing in financial disputes are essential for victims, providing expertise in recovering losses and navigating complex legal arenas.
An AI startup CEO on a Forbes '30 Under 30' list has been charged with defrauding investors out of $10 millionJoanna Smith-Griffin faces fraud charges for inflating revenues at AllHere Education to secure $10 million in investment.
Lawyers in Financial Disputes: Advocates Against FraudLawyers specializing in financial disputes are essential for victims, providing expertise in recovering losses and navigating complex legal arenas.
WiFi Money sued by Nebraska Attorney General over allegations of 'deceptive' passive income promisesWiFi Money is facing a lawsuit for allegedly defrauding Nebraska residents out of $3 million through misleading investment opportunities.
BK DA Seizes 70 Domains Targeting Russian Community in Cryptocurrency ScamCryptocurrency scam operation targeted Russian community members through Facebook ads with a deepfake video of Elon Musk to lure victims into making bogus investments.
South Korean Police Arrest 215 in Suspected $232M Crypto Investment Scam Investigation: YonhapA YouTuber led a fake investment scam that defrauded over 15,000 investors in South Korea, amassing $232 million from worthless tokens.
BK DA Seizes 70 Domains Targeting Russian Community in Cryptocurrency ScamCryptocurrency scam operation targeted Russian community members through Facebook ads with a deepfake video of Elon Musk to lure victims into making bogus investments.
South Korean Police Arrest 215 in Suspected $232M Crypto Investment Scam Investigation: YonhapA YouTuber led a fake investment scam that defrauded over 15,000 investors in South Korea, amassing $232 million from worthless tokens.
Investors accuse the ex-CEO of the company that helped take Trump Media public of stiffing them out of millions of sharesFlorida businessman Patrick Orlando is accused of diverting millions in Trump Media shares, engaging in self-dealing that potentially costs investors hundreds of millions.
Fake trading apps on Google Play and App Store linked to global 'pig butchering' scamCybercriminals are using fake trading apps as part of a fraudulent scheme called "pig butchering" to steal significant amounts from victims.
SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering ScamsThe SEC is addressing the rise of pig butchering scams targeting crypto investors, emphasizing heightened awareness among the public.
Inside the 'crypto con' costing victims billions in losses: ABC News InvestigatesBeware of scams like 'pig butchering' which groom victims before enticing them to invest in fraudulent schemes.
SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering ScamsThe SEC is addressing the rise of pig butchering scams targeting crypto investors, emphasizing heightened awareness among the public.
Inside the 'crypto con' costing victims billions in losses: ABC News InvestigatesBeware of scams like 'pig butchering' which groom victims before enticing them to invest in fraudulent schemes.
Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a YearASIC closed down 615 cryptocurrency scams, tackling a significant rise in investment fraud with Australians losing A$1.3 billion last year.
FTX crypto fraud victims to get their money back -- plus interest | TechCrunchThe vast majority of victims impacted by the FTX cryptocurrency exchange crash will receive their money back with interest.
Debt-ridden UK council accuses tycoon of misusing 150m of its investmentsThurrock council alleges misuse of £150m investments by a businessman during its financial crisis, leading to bankruptcy.
FTX crypto fraud victims to get their money back -- plus interest | TechCrunchThe vast majority of victims impacted by the FTX cryptocurrency exchange crash will receive their money back with interest.
Debt-ridden UK council accuses tycoon of misusing 150m of its investmentsThurrock council alleges misuse of £150m investments by a businessman during its financial crisis, leading to bankruptcy.
Long Island investment advisor convicted of embezzling $1 million to fund lavish lifeA former investment adviser was convicted of wire fraud, investment adviser fraud, and money laundering for misappropriating over $1 million from clients.
Police to detail investigation that led to charges against Ontario's 'Crypto King' | CBC NewsDurham police charged 'Crypto King' with fraud and money laundering after a 16-month investigation.
Billionaire hedge funder sipped a drink as he was found criminally responsible for $100 billion in shareholder lossesBill Hwang, founder of Archegos Capital Management, convicted of securities and market manipulation fraud, leading to $100 billion market value loss.
SEC Charges Newport Beach-Based John Kralik For Lying to InvestorsInvestors were allegedly deceived by John Kralik, who misappropriated their funds for personal use rather than real estate investments.