Finance News – Fraud
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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...
Read Full Article →Turkey to limit crypto transfers to curb illegal betting and fraud
The new regulations on digital currency transactions aim to reduce unlawful gambling activities and fraudulent schemes, potentially impacting the flow of funds within Turkey’s emer...
Read Full Article →Self Chain ousts CEO after allegations of involvement in $50 million crypto OTC fraud
The removal of Self Chain's CEO following accusations of a large-scale cryptocurrency OTC fraud could impact investor confidence and market stability for the Binance-listed project...
Read Full Article →PEPG Investors Have the Opportunity to Lead the PepGen Securities Fraud Lawsuit with Faruqi & Faruqi...
Investors in PepGen potentially face financial harm and may have a chance to pursue legal action to recover losses through representation by experienced securities litigation couns...
Read Full Article →Vestis Investors Have the Opportunity to Lead the Vestis Securities Fraud Lawsuit with Faruqi & Faru...
Investors involved with Vestis may have a chance to participate actively in legal proceedings that could impact the recovery of financial losses associated with alleged misconduct.
Read Full Article →FTRE Investors Have the Opportunity to Lead the Fortrea Securities Fraud Lawsuit with Faruqi & Faruq...
Individuals who purchased shares in Fortrea may have the potential to recover financial losses by participating in legal action coordinated by Faruqi & Faruqi, LLP on behalf of aff...
Read Full Article →DV Investors Have the Opportunity to Lead the DoubleVerify Securities Fraud Lawsuit with Faruqi & Fa...
Shareholders involved with DoubleVerify may have the chance to participate prominently in legal proceedings addressing alleged inconsistencies that could impact the company's marke...
Read Full Article →Funeral scams: ‘It’s hard to imagine a more callous form of fraud’
Fraudsters exploit grieving individuals by creating fake live stream links of funeral services, deceiving them into providing payment details or donations, causing financial losses...
Read Full Article →New York officials secure over $400k in crypto from Facebook ad scam
Authorities in New York have recovered more than $440,000 in cryptocurrency linked to a fraud scheme involving deceptive advertisements, highlighting efforts to combat financial cr...
Read Full Article →Washington City Bans Bitcoin ATMs Amid Surge in Crypto Scams
The new ordinance in Spokane aims to reduce financial losses and protect consumers by restricting access to cryptocurrency machines involved in extensive fraudulent activities acro...
Read Full Article →AI Can Help the Crypto Industry, CFTC Commissioner Johnson Says—But Also Boost Fraud
Outgoing CFTC Commissioner Kristin Johnson highlights that while artificial intelligence may enhance the cryptocurrency sector's efficiency, it also increases the risk of fraudulen...
Read Full Article →Washington’s second-biggest city, Spokane, bans crypto ATMs
The decision to eliminate cryptocurrency ATMs in Spokane aims to protect consumers from financial fraud and potential losses, highlighting the city's efforts to maintain economic s...
Read Full Article →Up to 70% of streams of AI-generated music on Deezer are fraudulent, says report
The platform’s findings indicate that a significant portion of revenue from AI-created tracks may be compromised due to automated activities inflating play counts and impacting roy...
Read Full Article →South Korean crypto CEO acquitted of $650 million fraud charges, months after stabbing incident: rep...
The CEO of a South Korean cryptocurrency company was found not guilty of charges related to an alleged $650 million loss affecting thousands of investors after the firm halted with...
Read Full Article →AI Deepfakes Drove 40% of High-Value Crypto Fraud Last Year: Report
In 2024, a substantial portion of cryptocurrency losses, amounting to billions, was linked to sophisticated AI-generated impersonation techniques used in fraudulent schemes targeti...
Read Full Article →Gotbit Got Got: Founder Sentenced to Prison for Crypto Wash Trading
The case resulted in the forfeiture of $23 million in digital assets and imprisonment for the founder, highlighting serious financial consequences related to deceptive trading prac...
Read Full Article →Crypto market maker Gotbit and founder sentenced for fraud, manipulation
The court's decision highlights significant regulatory and operational risks for entities involved in digital asset trading, potentially impacting investor confidence and market li...
Read Full Article →How a YouTuber hacked an $800K crypto scam hub in Cebu, Philippines
A YouTuber’s actions uncovered a fraudulent cryptocurrency scheme in Cebu, potentially preventing significant financial losses by exposing the scammers’ international network and t...
Read Full Article →How a YouTuber hacked an $800K crypto scam hub in Cebu, Philippines
A YouTuber uncovered a large-scale cryptocurrency fraud in Cebu by accessing security footage, directly confronting the perpetrators, and exposing the operation’s extensive financi...
Read Full Article →Thai Police Arrest Chinese Suspect in $6.1 Million Bitcoin Fraud Case
Authorities apprehended a suspect linked to a cryptocurrency scam involving the loss of over six million dollars, where victims transferred digital assets following a local busines...
Read Full Article →My Big Coin founder fined for crypto fraud
The court's ruling imposes financial penalties on key individuals and entities involved with My Big Coin, highlighting regulatory efforts to address deceptive practices in the cryp...
Read Full Article →SEC wins $1.1M as alleged crypto conman a no-show in court
The court awarded the SEC over one million dollars after the accused crypto operator did not respond to the lawsuit, highlighting the financial impact of unresolved regulatory acti...
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