Finance News – Fraud
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FBI warns of fake lawyers targeting past crypto scam victims
Fraudsters impersonating legal professionals are exploiting victims of previous cryptocurrency scams by offering fake recovery services, resulting in additional financial losses fo...
Read Full Article →'Cryptocrash king' Do Kwon pleads guilty to fraud
Do Kwon, former co-founder of a Singapore cryptocurrency company, admitted to fraudulent activities that led to significant financial losses for investors and impacted the broader...
Read Full Article →Florida Sheriff's Office Forced to Return Seized Crypto After Legal Challenge
The return of the contested cryptocurrency highlights potential challenges in securing and maintaining digital asset seizures, which could impact the financial enforcement strategi...
Read Full Article →Supreme Court judgment hardly draws a line under Libor
The Supreme Court ruling affects ongoing financial disputes related to interest rate benchmarks, leaving uncertainty about liability and impacting institutions involved in previous...
Read Full Article →Solana Labs, Jito Labs hit with RICO charges in amended Pump Fun fraud lawsuit
The involvement of Solana Labs and Jito Labs in this legal case could potentially impact their financial standing and investor confidence due to allegations connected to a signific...
Read Full Article →Sam Altman is terrified about a coming AI fraud crisis
Sam Altman highlighted the potential for artificial intelligence to undermine existing verification processes, which could lead to substantial financial losses and increased risks...
Read Full Article →City traders’ exoneration in Libor case proves the importance of jury trials
The Supreme Court’s decision to overturn the convictions in the Libor manipulation case highlights the crucial role of jury guidance in ensuring fair outcomes in complex financial...
Read Full Article →Former HSBC trader has fraud conviction overturned
The overturning of Mark Johnson's fraud conviction may impact financial institutions' legal precedents and influence future cases involving trading regulations and accountability.
Read Full Article →Rep. Waters claims crypto bills could ‘open floodgates’ to fraud, slams Trump’s ties to industry ahe...
The upcoming consideration of the GENIUS and Clarity bills in the House may impact the cryptocurrency market's regulatory environment, potentially influencing investment risks and...
Read Full Article →Livestock agent jailed after admitting to $235k fraud
Nathan Gibbon’s conviction for deceiving multiple businesses resulted in a six-month prison sentence and community service, reflecting the serious financial impact of his actions o...
Read Full Article →ETH CONTINUES TO RISE, PHANTOM LAUNCHES PERPS, TRUMP SHELVES TARIFFS
Several companies are making significant investments in Ethereum and related crypto assets, driving notable stock price increases and signaling growing institutional confidence in...
Read Full Article →Digital illusion: How the UK’s paper-based processes fuel cyber attacks
Many small and medium-sized UK businesses face increased financial risks and reduced growth potential due to reliance on outdated verification methods that leave them vulnerable to...
Read Full Article →OmegaPro Founders Charged Over $650 Million Crypto ‘Global Fraud Scheme’
The founders are accused of orchestrating a cryptocurrency-related investment scam that raised over $650 million by enticing participants through extravagant events and false promi...
Read Full Article →US charges 2 men over $650M OmegaPro crypto scam
US authorities accused two individuals of orchestrating a cryptocurrency scheme involving OmegaPro, which reportedly enticed investors with unrealistically high returns totaling ov...
Read Full Article →Two men charged in $650 million global fraud scheme involving foreign exchange trading and crypto
Authorities have accused two individuals of orchestrating an international fraud that resulted in the misappropriation of hundreds of millions of dollars through foreign exchange a...
Read Full Article →Shenzhen Warns of Stablecoin Scams as Neighboring Hong Kong Pushes Ahead
Authorities in Shenzhen have highlighted risks associated with digital currency fraud while nearby Hong Kong advances regulatory frameworks aimed at overseeing stablecoin providers...
Read Full Article →How Vietnam is using crypto to fix its FATF reputation
Vietnam is implementing stricter digital currency policies to address regulatory concerns, enhance financial transparency, and align with global anti-money laundering requirements...
Read Full Article →Chinese authorities warn of stablecoin fraud amid rising local buzz
Regulators in China have highlighted concerns about deceptive practices involving digital currencies, emphasizing the need for increased caution as investor engagement with these a...
Read Full Article →Pair jailed for £1.5m crypto fraud
Two individuals received a total of 12 years in prison after being convicted of orchestrating a scheme that resulted in the loss of £1.5 million through digital currency deception.
Read Full Article →WhiteRock plummets amid arrest of founder linked to $30m Zkasino fraud
The recent legal issues involving WhiteRock’s founder have led to a substantial drop in the token’s market value, reflecting heightened investor concerns about the project’s financ...
Read Full Article →Paul Atkins: SEC must balance crypto innovation with enforcement
The SEC aims to protect investors and maintain market integrity by regulating new financial technologies while encouraging innovation and addressing risks associated with private l...
Read Full Article →Swissquote ordered to curb impersonation, fraud attempts
Swissquote's operations in crypto and mixed-asset trading face increased scrutiny, which may impact its financial performance by necessitating enhanced security measures to prevent...
Read Full Article →Man on trial for allegedly stealing from quadriplegic friend
The case highlights the serious financial impact on a vulnerable individual who experienced significant emotional distress after discovering his funds were reportedly taken by some...
Read Full Article →Spain dismantles major crypto fraud ring that laundered €460 million
Authorities in Spain have successfully broken up a large-scale cryptocurrency scheme involving the processing of hundreds of millions of euros, highlighting significant development...
Read Full Article →Spain cracks down on €460M crypto fraud network in Europol-backed operation
Spanish law enforcement, supported by Europol and several international agencies, dismantled a significant cryptocurrency scam involving hundreds of millions of euros by apprehendi...
Read Full Article →Spanish Police Arrest 5 in Suspected $540M Crypto Fraud Operation
Authorities from multiple countries collaborated to dismantle a major cryptocurrency scheme allegedly involving hundreds of millions of dollars, highlighting growing international...
Read Full Article →Spanish Police Dismantle $540 Million 'Crypto Investment Fraud Ring'
Authorities from multiple countries collaborated to apprehend five individuals involved in a large-scale digital currency scam, resulting in the disruption of a fraud operation val...
Read Full Article →Breeder pleads not guilty to selling dead, non-existent cattle
The accused faces multiple fraud charges related to alleged transactions involving cattle that were either deceased or never existed, potentially impacting financial records and in...
Read Full Article →CommBank unleashes ‘bot army’ with Aussie accents to trap scammers
Commonwealth Bank is deploying numerous automated systems using Australian-accented synthetic voices to engage fraudsters, aiming to reduce scam effectiveness by occupying their ti...
Read Full Article →Don’t let ticket resale price caps ruin the party this festival season
Imposing limits on secondary ticket prices may inadvertently increase fraudulent activities, potentially causing greater financial losses within the live event market during the up...
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