Topline Brian Benjamin has resigned as lieutenant governor of New York, Gov. Kathy Hochul (D) said Tuesday afternoon, just hours after he was arrested and charged with fraudulently siphoning thousands...
Tag: Fraud
New York Lt. Gov. Benjamin Arrested For Campaign Finance Fraud
Topline New York Lt. Gov. Brian A. Benjamin, the second highest-ranking official in the state, was arrested Tuesday by federal authorities on bribery and fraud charges involving alleged illegal donati...
Joon Pak Head Of Crypto At Prove Talks To Us About Crypto Fraud And More
Privacy settings Decide which cookies you want to allow. You can change these settings at any time. However, this can result in some functions no longer being available. &#...
Ex-USC Coach Convicted Of Fraud, Test-Taker Gets Four Months In Prison
Topline A former University of Southern California water polo coach who received $250,000 in bribes for placing unqualified students as water polo recruits was found guilty of fraud and conspiracy on ...
Fraud in the history of crypto
In the history of crypto, there have also been resounding episodes of fraud. Whenever it happened, it was given wide media attention and this helped to consolidate the preconception that cryptocurrenc...
Balancing user experience with NFT security and fraud prevention
NFT marketplaces struggle to balance user experience with protecting users. REV3AL employs a multi-dimensional approach to detect fraudulent digital assets. In today’s digital realm, delivering a simp...
US DOJ Seizes $34M Worth of Crypto Linked to Dark Web Fraud
The United States Department of Justice (DoJ) has recently seized hold of cryptocurrency to the tune of $34 million traced to illicit dark web activities by a South Florida resident whose identity rem...
Scammer connected to $160 million crypto fraud arrested
TL; DR Breakdown Scammer incarcerated in $160 million crypto fraud The scammer was connected to the Morris scam India records a high rate of crypto frauds Authorities in India have apprehended a scamm...
When Bittrex Phishing Fraud Overshadowed The Google Searches
The crypto space is not free from fraud and illicit activities. Bittrex fraud is one of them. Usually, the frauds consist of fake exchange or wallet websites. The folks are often contacted via emails...
Deutsche Bank Must Face Lawsuits Alleging It Enabled Ponzi Scheme
Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank AG for allegedly ignoring warnings that it was helping finance a real-estate-linked Ponzi scheme...
Turkish Prosecutor Seeks 40564-Year Jail Term for Crypto Exchange CEO Over Alleged $24M Fraud
A cryptocurrency exchange boss alongside his cohort of executives could face the longest jail term in crypto history if found guilty over an alleged $24 million fraud. A Bloomberg report on Friday rev...
YouHodler Onboards Sumsub to Fight Identity Fraud in Crypto Industry
YouHodler, a fintech platform focused on crypto-backed lending with fiat and stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have...
Son Of World’s Third-Richest Man Accused For NFT Fraud
Alexandre Arnault, the son of the third richest man in the world, Bernard Arnault is now in the eye of the storm as questions about a recent NFT trade he was involved in begin to emerge. The trade in...
$540 Million In Napping Bitcoin After A 2014 Transaction Bitcoins Could Be Connected With Cryptocurrency Fraud
Vernon was charged by the US Department of Justice (DOJ) with stealing over $1 million from digital currency wallets at the end of January 2022. As per Onchain research, the 11,325 bitcoin might well ...
Gold industry taps blockchain for supply chain management and fraud prevention
Some of the most prominent organizations in the gold industry have joined forces to launch a new “integrity program” that utilizes blockchain technology for supply chain management — a move that’s int...
Crypto Fraud Spikes By 64% In UK
Recent data reports that the growth of cryptocurrencies and blockchain technology has contributed to a 64% increase in crypto fraud in the UK in 2021. Crypto Fraud On The Upswing In UK An internation...
Freed Huawei Finance Chief Meng Wanzhou Returns to Company Spotlight
HONG KONG—Months after returning home to a hero’s welcome in China, Huawei Technologies Co. finance chief Meng Wanzhou was back in the spotlight Monday: This time, she was in more familiar surrounding...
Report Indian Police Registers Crypto Fraud Case against Couple, Associates
The lack of knowledge among common investors about cryptocurrencies and how to safely invest in them is resulting in a growing number of frauds. In a recent example, the Crime Investigation Department...
‘Lock Him Up’ Chants Break Out At Trump Rally As Perdue Falsely Blames Georgia Gov. Kemp For Voter Fraud
Topline Former Sen. David Perdue (R-Ga.) riled a crowd of former President Donald Trump’s supporters into “lock him up!” chants at a rally Saturday night after falsely accusing Gov. ...
US DOJ Continues Crackdown On Crypto Criminals As It Charges Frosties NFT Creators For Fraud ⋆ ZyCrypto
Advertisement     Two young men have been charged with conspiracy to commit wire fraud and money laundering after allegedly ripping off Frosties NFT community. They fa...
US DOJ Arrests Two Men on Charges of $1.1 Million NFT Fraud
The United States Department of Justice (DOJ) on Thursday announced it has arrested and charged two men, Ethan Nguyen and Andre Llacuna, for alleged involvement in $1.1 million wire fraud and money la...
DOJ Charges Frosties NFT Creators With Fraud
Key Takeaways The U.S. Department of Justice has charged the creators of the Frosties NFT series with fraud and money laundering. Ethan Nguyen and Andre Llacuna allegedly stole over $1 million by carr...
Feds Charge Two 20-Year-Olds In Alleged NFT Money Laundering, ‘Rug Pull’ Scheme
Some of the art used to market Frosties, a NFT project prosecutors say led to a $1.1 million … [+] swindle. Courtesy DOJ The Department of Justice hit a pair of 20-year-olds with fraud and money...
US Court Fines Kentucky Men $5m for Commodity Futures Pool Fraud
The US District Court for the Middle District of Tennessee on March 16 delivered a summary judgment order penalizing two Kentucky men, Rodney Phelps and Jason Castenir and their co-founded company, Ma...
Chicago Trader to Pay $377,000 for Forex and Commodity Fraud Charges
The US Commodity Futures Trading Commission ( CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and...
Man Faces Considerable Jail Time After Committing Crypto Fraud Worth Thousands Of Dollars ⋆ ZyCrypto
Advertisement     The US Department of Justice announces the conviction of a man that pilfered thousands of dollars in cryptocurrencies. The scheme involved posing as ...
FAA Official Testifies Former Boeing Pilot Lied About 737 MAX
FORT WORTH, Texas—A Federal Aviation Administration training specialist said a former Boeing Co. BA -3.59% pilot lied to her about how a 737 MAX flight-control system worked before two of the jets cra...
Why did Amazon accuse India’s largest private firm of “fraud”?
Amazon isn’t letting India’s largest private company breathe easy. Last week, the US-based firm took out a newspaper ad, accusing Mukesh Ambani-owned Reliance Industries (RIL) of playing a “fraud” in ...
Crypto space was among the riskiest fraud types last year: Signifies a Report
The Better Business Bureau (BBB0 has recently highlighted crypto to be among the riskiest frauds of the previous year. Crypto frauds rose to the second riskiest type in 2021 because of a reported incr...