Finance News – Fraud
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Former AFL player Nick Stevens accused of defrauding man of almost $30k
Nick Stevens is facing allegations from multiple individuals claiming he unlawfully obtained substantial amounts of money, totaling nearly $30,000, through a questionable investmen...
Read Full Article →Microsoft takes legal action against infostealer Lumma
Microsoft’s efforts to disrupt the operations of a widely distributed malware could help reduce significant financial losses for individuals and organizations targeted by cybercrim...
Read Full Article →Ex-SafeMoon CEO faces 45 years after being found guilty on all charges
Braden Karony’s conviction for defrauding investors and misappropriating assets highlights the serious financial consequences individuals may face when engaging in fraudulent activ...
Read Full Article →SafeMoon CEO Found Guilty in US Crypto Fraud Trial
The conviction of the SafeMoon CEO for investor fraud and embezzlement could lead to significant financial losses for stakeholders and impact the broader cryptocurrency market's tr...
Read Full Article →DOJ nabs Armenian crime org on charges including $83 million in Amazon cargo thefts
Authorities have apprehended multiple individuals linked to Armenian-American criminal networks involved in extensive illegal activities, including a major scheme resulting in thef...
Read Full Article →SEC charges crypto project Unicoin, executives with $100 million fraud offering
The SEC alleges that Unicoin and its leaders misrepresented the amount raised from investors, resulting in a financial discrepancy of nearly $90 million according to their investig...
Read Full Article →Argentine President Milei shuts down LIBRA investigative unit
The closure of the unit examining LIBRA may impact financial oversight and investor confidence related to the cryptocurrency previously endorsed by President Milei.
Read Full Article →Genesis Sues DCG, Seeks Recovery of Over $3.1B in Note and Asset Transfers
Genesis aims to reclaim more than $3.1 billion through legal action against DCG and its CEO, citing allegations related to fraudulent activities and questionable handling of assets...
Read Full Article →Russia arrests Blum co-founder Vladimir Smerkis on fraud charges
The allegations against a key former executive connected to multiple crypto ventures have raised investor concerns, potentially impacting ongoing projects and the anticipated distr...
Read Full Article →Judge targets central figures in LIBRA scandal with asset freeze; Milei’s financial ties under revie...
Authorities have temporarily restricted access to the assets of prominent individuals involved in the LIBRA digital currency case while financial activities connected to political...
Read Full Article →Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal
Boeing’s agreement to resolve legal issues related to the 737 Max crashes could prevent costly litigation and potential penalties, impacting the company’s financial stability and i...
Read Full Article →South Korean Woman Jailed for Stealing $500,000 in Crypto From Sleeping Boyfriend
The case highlights the substantial impact of digital currency theft, as nearly half a million dollars in cryptocurrency were illicitly transferred, underscoring the financial risk...
Read Full Article →EY’s £2bn legal fight over NMC Health audits
EY is involved in a major legal dispute related to its auditing practices for a former health company that experienced significant financial collapse amid fraud accusations, potent...
Read Full Article →Coinbase fires compromised agents in India— Report
The incident involving compromised agents has led to significant financial risks for the company, including potential reimbursement costs estimated up to several hundred million do...
Read Full Article →UnitedHealth Group shares plunge 18% on report of DOJ probe into possible Medicare fraud
The recent investigation by the Department of Justice has contributed to a significant decline in UnitedHealth Group's stock value, reflecting investor concerns about potential leg...
Read Full Article →UnitedHealth Group shares plunge after report of Medicare fraud inquiry
The value of UnitedHealth Group’s stock declined significantly following news of a federal probe into alleged fraudulent activities related to Medicare, coinciding with the announc...
Read Full Article →NFT founder stole millions from Bitcoin project, investors allege
Investors claim that due to alleged financial misconduct by the project’s founder, they suffered significant losses and have yet to receive the expected profits and equity from the...
Read Full Article →Trump’s cryptocurrency endeavor caps a political career filled with conflicts of interest
Donald Trump’s involvement in cryptocurrency highlights ongoing concerns about the blending of personal business interests with political influence, raising questions about ethical...
Read Full Article →Democrats ask Treasury for ‘suspicious activity reports’ on Trump crypto ventures, mention Justin Su...
Democrats have requested detailed financial documents from the Treasury to investigate possible irregularities in Trump-related cryptocurrency projects, highlighting concerns about...
Read Full Article →Caitlyn Jenner memecoin buyers to regroup after judge tosses suit
Despite the dismissal of initial claims, investors continue pursuing legal action, reflecting ongoing disputes over potential financial losses linked to the significant collapse in...
Read Full Article →Caitlyn Jenner Meme Coin Lawsuit Tossed for Lack of US Jurisdiction
A federal judge dismissed the lawsuit alleging crypto-related financial misconduct involving a digital token linked to Caitlyn Jenner, citing jurisdiction issues while allowing for...
Read Full Article →Mashinsky’s 12-year sentence sets tone of enforcement in Trump era
The 12-year prison term for the former Celsius CEO underscores increased judicial focus on crypto fraud, signaling stricter consequences for financial misconduct impacting everyday...
Read Full Article →Former Celsius CEO sentenced to 12 years in prison for crypto related fraud: Inner City Press
The sentencing of Alex Mashinsky highlights the legal and financial risks associated with cryptocurrency platforms, underscoring the importance of regulatory oversight and investor...
Read Full Article →FTC, Nevada sue crypto trading course firm for $1.2 billion fraud targeting young investors
The complaint alleges that IML misled young investors about the profitability of its trading courses, with a majority of participants reportedly either losing money or earning mini...
Read Full Article →Mango Markets exploiter sentenced to over 4 years on child abuse material charges
Avraham Eisenberg received a 52-month prison sentence for child abuse material charges, reflecting the increasing legal consequences facing individuals involved in cybercrimes, inc...
Read Full Article →US lawmaker proposes crypto ATMs in federal buildings
A proposal by a Texas congressman to install cryptocurrency ATMs in federal buildings has financial implications, potentially enhancing access to digital assets while reflecting ev...
Read Full Article →Crypto Losses of $1.7 Billion from Hacks, Fraud Already Surpass 2024 Total: Immunefi
In 2024, the total financial losses in the cryptocurrency sector due to hacks and fraud have reached $1.7 billion, significantly exceeding last year's losses during the same timefr...
Read Full Article →Serious Fraud Office makes three arrests after dawn raids in bribery investigation
The investigation into alleged bribery involving Blu-3 and Mace Group could have significant financial implications, affecting business operations and reputations within the constr...
Read Full Article →Labour to be handed ‘spying powers’ on bank accounts in Fraud Bill
The new legislation enhances the Department for Work and Pensions' capacity to directly reclaim funds from fraudulent bank accounts, raising concerns about privacy and government o...
Read Full Article →Fintech founder charged with fraud after ‘AI’ shopping app found to be powered by humans in the Phil...
The founder of a technology startup faces legal action for allegedly deceiving investors by misrepresenting the operational technology, potentially impacting the valuation and futu...
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