Tags: fraud
Crypto Fraud in the US Soars: The Rise of Fake Investment Schemes and AI-Driven Scams
Cryptocurrency fraud is surging in the U.S., with the FBI’s Internet Crime Complaint Center (IC3) reporting 149,686 complaints in 2024, a 115% increase from the…
Essential Strategies for AML Officers: Effective Tactics to Combat Healthcare Fraud
Healthcare fraud poses a significant threat to the financial stability of medical institutions and erodes patient trust, with a reported 40% rise in cases over…
Fintech Founder Accused of Fraud: ‘AI’ Shopping App Revealed as Human-Powered Scam in the Philippines
Albert Saniger, founder and former CEO of the AI shopping app Nate, has been charged with defrauding investors, as announced by the U.S. Department of…
Combating a $103.6 Billion Fraud Crisis: Europe’s Strategic Battle Against Financial Deception
Nasdaq Verafin has released the report “Financial Crime Insights: Europe,” highlighting the extensive financial crime affecting the continent. According to the 2024 Global Financial Crime…
Javice Convicted: $175M JPMorgan Startup Fraud Exposed
Charlie Javice, founder of the student loan application platform Frank, has been found guilty of defrauding JPMorgan Chase during the bank’s $175 million acquisition of…
IOSCO Launches I-SCAN: A Powerful New Tool to Protect Investors from Global Fraud
The International Organization of Securities Commissions (IOSCO) has launched I-SCAN, a global alerts network designed to enhance investor protection by identifying and reporting suspicious company…
Protect Yourself from Fraud: Boost Trust and Security in the USA
In the U.S., Know Your Business (KYB) is crucial for maintaining financial integrity and trust, especially as financial crimes have risen, with $300 million laundered…
CFPB Dismisses Lawsuit Against JPMorgan, Bank of America, and Wells Fargo Over Zelle Fraud Allegations
The Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against major banks like JPMorgan Chase, Bank of America, and Wells Fargo over alleged fraud…
Holmes and Balwani’s Appeal Denied: Court Confirms Fraud Convictions
Elizabeth Holmes and Ramesh “Sunny” Balwani have had their appeals to overturn their fraud convictions denied by the Northern District Court of California, which upheld…
Combatting the Surge of Impersonation Scams: Essential Strategies for Financial Firms to Safeguard Against Fraud
WhatsApp scams targeting financial services are on the rise, prompting firms to enhance security measures. Fraudsters are impersonating executives and employees, leading to significant financial…
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