#investment-scam
#investment-scam
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#fraud #money-laundering #ponzi-scheme #financial-fraud #deepfakes #elder-financial-abuse #legal-issues
#fraud
Poker
fromReadWrite
1 week agoMichigan child modeling fraud case allegedly tied to gambling
A Michigan woman was indicted for wire fraud and money laundering after allegedly convincing a family to invest $4.6 million in their daughter's modeling career, then gambling away the funds through online betting platforms.
fromwww.aljazeera.com
3 months agoUK sentences Chinese scammer after record-breaking Bitcoin seizure
The United Kingdom has sentenced a Chinese woman to 11 years and eight months in prison for a years-long scheme to launder investment scam proceeds into Bitcoin, luxury property, and other assets now worth about 4.8 billion British pounds ($6.3bn). Zhimin Qian, 47, was sentenced by the Southwark Crown Court in London on Tuesday, in a case that saw UK police seize a record-breaking 61,000 Bitcoin as part of their investigation.
Miscellaneous
fromMoneywise
4 months agoNYC grandma, 86, loses entire life savings of $700K in twisted scam - now she's suing Bank of America, Merrill Lynch for negligence. Who's at fault?
The fraud started in August 2023 as fear dressed up as urgency. Pop-up warnings began flashing across 86-year-old Nina Mortellito's computer screen, claiming her bank accounts had been hacked. What followed was a months-long tale of manipulation that ultimately drained her of $700,000 - her entire life savings. According to a lawsuit filed against Merrill Lynch in Manhattan Supreme Court, the Upper East Side resident who suffers from age-related memory loss was persuaded to make a series of withdrawals over nine months, framed as an act of "safekeeping."
US news
US news
fromThe Mercury News
5 months agoPleasanton woman expected success from Instagram stock market wizard. Instead, couriers stole $1 million from her
A Pleasanton woman lost $1 million to an Instagram-based investment scam that used social media contact and couriers to collect foreign currency over months.
Miscellaneous
fromThe Hacker News
5 months agoEurojust Arrests 5 in 100M Cryptocurrency Investment Fraud Spanning 23 Countries
An international cybercrime ring stole over €100 million via a cryptocurrency investment scam, prompting arrests, frozen assets, and coordinated law enforcement actions across multiple European countries.
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