Authorities in the U.S. and Brazil have broken up a crypto fraud ring in Curitiba, Brazil allegedly responsible for moving up to 4 billion reais ($768 million) worth of transactions as it misled inves...
Tag: Crime
In Hurricane Ian’s Wake, Insurers and Homeowners Gear Up for Coverage Fights
Litigation is looming for home insurers in Florida as cash-strapped, underinsured homeowners—paired with an aggressive plaintiffs’ bar—are expected to turn to the court system to try to force payments...
Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds
Listen to article (2 minutes) The Labor Department said it found Exxon Mobil illegally fired two company scientists over suspicions they shared information with The Wall Street Journal about concerns ...
Reversible blockchain transactions are key to fighting crime — and wide adoption
A proposal out of Stanford University to make crypto transactions reversible is adding a wrinkle to discussions of crime and fraud prevention. Researchers suggested that mutability — the ability to re...
‘Could this be an indication they’re scamming us?’ Our financial adviser requested copies of our passport and licenses. Should we be wary?
Is your financial adviser asking for too much from you? Getty Images/iStockphoto Question: My partner and I have engaged the services of a financial planner. We are in the very early stages of setting...
Where’s the beef? Rancher sentenced to 11 years for ripping off Tyson Foods of nearly $250 million in ‘ghost cattle’ scam.
A Washington state rancher has been sentenced to 11 years in prison for a nearly quarter-billion-dollar ripoff of Tyson Foods Inc. TSN, -1.22% in which it sold the meat processor more than 260,000 hea...
New age of crypto crime; how criminals have evolved- a detailed report
A new study published by crypto analytics and compliance platform Elliptic, took a close look at the exploitation of web3 platforms to facilitate money laundering. The study, titled “The state of cro...
$100 million NJ deli defendant hires lawyer who repped Martin Shkreli
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Peter Coker Sr., one of the defendants in the case of the so-called $100 million New Jersey deli, hired a lawyer who represented “pharma bro̶...
Nikola Founder Trevor Milton Hangs Legal Defense on Expert Testimony
Updated Oct. 4, 2022 3:02 pm ET Listen to article (2 minutes) Lawyers for Trevor Milton are anchoring the Nikola founder’s defense against securities-fraud charges on the testimony of a Harvard profes...
Mastercard Adopts AI In Fight to Tackle Crypto crime
Mastercard is launching a system to assess the risk of criminal association with cryptocurrency exchange on its payment network. The Crypto Secure platform is powered by artificial intelligence (AI) a...
Trump Files Defamation Lawsuit Against CNN, Seeking $475 Million
Former President Donald Trump filed a defamation lawsuit Monday against CNN, accusing the network of engaging in a smear campaign against him in the lead-up to the 2024 presidential race. Mr. Trump’s ...
Mastercard deepens crypto push with tool for preventing fraud
Mastercard credit cards Roberto Machado Noa/ LightRocket via Getty Images Mastercard will on Tuesday debut a new piece of software that helps banks identify and cut off transactions from fraud-prone c...
How Binance is Training Law Enforcement Around the World to Combat Crypto Crime
Fighting crypto crime starts with fighting the many misconceptions that have built up around it. Like the idea that cryptocurrency transactions are untraceable and anonymous, for example, and that the...
Trump files $475 million lawsuit against CNN, claiming defamation
NEW YORK — Former President Donald Trump on Monday sued CNN, seeking $475 million in damages, saying the network had defamed him in an effort to short-circuit any future political campaign. The lawsui...
Supreme Court won’t hear MyPillow CEO Mike Lindell’s defamation case
WASHINGTON (AP) — The Supreme Court says it won’t intervene in a lawsuit in which Dominion Voting Systems accused MyPillow chief executive Mike Lindell of defamation for falsely accusing the company o...
Binance Joins Forces With Kazakhstan’s Regulators to Battle Local Financial Crime
The world’s largest cryptocurrency exchange – Binance – signed a Memorandum of Understanding (MoU) with the Financial Monitoring Agency of the Republic of Kazakhstan. Over the course of the agreement,...
Ramen Noodles & True Crime Collide In William Bagley’s Promising Feature Debut ‘The Murder Podcast’
‘The Murder Podcast’ Courtesy of Bodacious Films Who knew that a packet of ramen could be used to fight the forces of evil? The cheap and filling meal choice of broke college students the ...
Binance to Train Law Enforcement on How to Stop Crypto Crime
“It’s important to have law enforcement have the ability to investigate these crimes, and one of the ways you do that is [by] demystifying crypto,” Price said. “Explaining how to investigate it, how t...
Binance signs MoU with Kazakhstan to fight financial crime
Global cryptocurrency exchange Binance has signed a memorandum of understanding (MoU) with the Financial Monitoring Agency of the Republic of Kazakhstan as a part of its global law enforcement trainin...
Chinese Tech Billionaire Richard Liu Settles Sexual-Assault Case in Minnesota
MINNEAPOLIS—A legal battle that Chinese feminists had seen as pivotal for the country’s embattled #MeToo movement ended abruptly just before a jury was set to hear the case in a Minnesota courtroom. R...
Nikola Tries to Ignite Market for Its Hydrogen Fuel-Cell Trucks
As Nikola founder stands trial on securities-fraud charges, a revamped management team is pushing to make the company the first to market hydrogen-powered commercial trucks in the U.S.—and to overcome...
Trump Might Be Shielded From Defamation Suit, Appeals Court Rules
A federal appeals court said a law shielding U.S. government employees from tort claims could potentially protect former President Donald Trump from a defamation lawsuit brought by a New York writer. ...
The DeFi Financial Crime Arms Race
When it comes to DeFi, ultimately we all want an ecosystem with integrity, one that breeds confidence for the growing crypto community. But simply looking to traditional finance (TradFi) as a model on...
Defamation lawsuit against Fox News, Lou Dobbs can proceed to trial
NEW YORK — A defamation lawsuit against Fox Corp. FOX, +1.58%, Fox News Network and Lou Dobbs can proceed toward trial, a judge ruled Monday after concluding that a Venezuelan businessman had made suf...
Binance takes aim at cyber financial crime; CEL tanks after Celsius’ Alex Mashinsky resigns
The biggest news in the cryptosphere for Sept. 27 includes Binance’s new global program that aims at helping law enforcement fight cybercrime, FTX’s acquisition of the bankrupt Voyager, and Celsius CE...
Binance launches new program to help law enforcement fight cyber crime
Binance on Sept. 27 unveiled its new Global Law Enforcement Training Program, which will help law enforcement detect cyber financial crime and assist in prosecuting malicious actors. This program is t...
Lawsuit Seeks to Block Biden’s Student Loan Relief
An Indiana public interest lawyer filed a lawsuit against the Education Department to block the Biden administration’s plan to cancel billions of dollars of federal student debt, saying it would force...