#financial-crime

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#fraud
more#fraud
US politics
fromwww.aljazeera.com
1 week ago

US sanctions Mexico cartel members, including rapper El Makabelico

Treasury sanctions target leadership and financial networks of Cartel del Noreste, including El Makabelico.
fromwww.dw.com
3 weeks ago

Cum-Ex: Why Germany's biggest tax fraud scheme can continue DW 07/25/2025

Cum-Ex and Cum-Cum tax schemes have caused global financial losses exceeding 140 billion dollars due to legal loopholes.
fromwww.mercurynews.com
1 month ago

Livermore insurance executive pleads guilty to insurance fraud charges

Thandi conspired with others beginning around May 2018 to create fake financial records stating that Global Hawk had higher capital and reserves than they did.
US politics
UK news
fromGameSpot
1 month ago

Tomb Raider Composer Sentenced To Over A Year For COVID Relief Fraud

Peter Connelly was sentenced to prison for fraudulently applying for COVID-19 support loans by overstating his company’s financial status.
#forgery
more#forgery
fromwww.theguardian.com
1 month ago

UK's anti-corruption champion to visit offshore haven on fact-finding mission

The Foreign Office will dispatch the UK's anti-corruption champion, Margaret Hodge, to the British Virgin Islands to investigate delays in anti-financial crime proposals.
UK politics
fromwww.standard.co.uk
1 month ago

Man who made 1m running illegal streaming sites jailed after being caught with 20k in cash at King's Cross

"Stephen Woodward, 36, pocketed over 1 million from running illegal streaming websites and was sentenced to three years and one month in prison for copyright infringement."
Privacy professionals
Privacy technologies
fromThe Hacker News
1 month ago

Iranian-Backed Pay2Key Ransomware Resurfaces with 80% Profit Share for Cybercriminals

Iranian-backed ransomware group Pay2Key.I2P offers higher rewards for attacks against Israel and the U.S., indicating a blend of financial and ideological motives.
Tech industry
fromAlleywatch
1 month ago

Castellum.AI Raises $8.5M Series A to Tackle Financial Crime Compliance with AI Agents

Castellum.AI significantly enhances compliance efficiency by reducing false alerts and review times, addressing the critical challenge of financial crime detection.
fromESPN.com
1 month ago

Vikes pass rusher Turner scammed out of $240K

Dallas Turner was a victim of a bank fraud scheme that resulted in the theft of $240,000.
fromwww.theguardian.com
1 month ago

Monzo fined 21m after customers used No 10 and Buckingham Palace as addresses

Monzo's financial crime controls were so inadequate that customers registered with implausible addresses, such as Buckingham Palace and 10 Downing Street, without detection.
Digital life
fromFortune Crypto
1 month ago

Secret Service in US expands a global push against crypto scams

Scammers use attractive cryptocurrency platforms to deceive victims into investing, leading to significant financial loss.
Brooklyn
fromBrooklyn Eagle
1 month ago

Pair charged in $1 million insider trading scheme

Justin Chen and Jun Zhen were arrested for securities fraud after allegedly making over $1 million using non-public merger data.
fromThe Mercury News
1 month ago

After scam cost elderly East Bay woman $200K, police used fake cash to arrest courier

An elderly woman lost $200,000 to phone scammers before realizing it was a scam.
#investment-fraud
fromBoston.com
1 month ago
Boston real estate

Former hotel worker accused of swindling coworkers out of $700K in investment scam

fromBoston.com
1 month ago
Boston real estate

Former hotel worker accused of swindling coworkers out of $700K in investment scam

more#investment-fraud
fromMiami Herald
2 months ago

Feds bust South Florida ring that collected $34 million in US loans during pandemic

Six South Floridians are indicted for fraudulently obtaining over $34 million in pandemic loans through falsified applications.
Los Angeles
fromwww.dailynews.com
2 months ago

14 people arrested in alleged scam involving more than $25 million in COVID-19 relief and business loans

A group of fourteen individuals was arrested for allegedly defrauding the government of over $25 million via fraudulent COVID-19 relief loans.
Privacy professionals
fromwww.housingwire.com
2 months ago

DOJ: Former attorney pleads guilty in case of reverse mortgage misuse

Parks embezzled funds from a victim's trust account, drastically reducing her assets and prompting an investigation.
Over a decade, Parks misappropriated funds, misleading authorities about his true earnings as a trustee.
NYC politics
fromwww.amny.com
2 months ago

Following the money: Secret Service undertakes massive New York operation tackling EBT skimmers at local stores | amNewYork

The Secret Service's Operation Flagship aims to combat EBT card scams affecting the vulnerable by targeting illegal debit card machines.
Chicago
fromChicago Tribune
1 year ago

Ex-city official gets 18 months in prison for role concealing multimillion-dollar embezzlement scheme that led to Bridgeport bank collapse

William Mahon sentenced to 18 months in prison for concealing embezzlement scheme at Washington Federal Bank.
Mahon received a $130,000 payment from the bank president to use as a down payment on a loan.
fromwww.mercurynews.com
3 months ago

Concord matrimonial murder for hire: Within an hour, she was taking his money, DA says

Felipe Lopez's desperate screams for help went unheard for 30 minutes before he was murdered by his estranged wife's boyfriend, Ismael Alvarez.
Law
fromSun Sentinel
3 months ago

Ex-financier lived high life in South Florida while stealing millions from mother, feds say

Brett Thomas Graham defrauded his widowed mother out of $8.4 million, leading to federal charges and a potential 20-year prison sentence.
Fundraising
fromBrooklyn Eagle
3 months ago

Former private equity executives sentenced to prison

Gentile and Schneider sentenced to prison for defrauding investors in GPB Capital scheme. Their actions led to significant financial losses for over 10,000 investors.
fromwww.nytimes.com
3 months ago

U.S. Moves to Blacklist Huione Group Over Money Laundering Ties

The Treasury Department stated that since August 2021, Huione Group and its affiliates had laundered $4 billion for a mix of criminals, including North Korean hackers.
US news
fromSecuritymagazine
3 months ago

61% of organizations not prepared to address critical risks

Majority of organizations are unprepared to tackle critical risks.
Lack of effective technology leads to vulnerability in detecting risks.
High expectation of increased financial crime and corporate litigation in the future.
fromwww.housingwire.com
3 months ago

Former Texas title employee sentenced in wire fraud scheme

Cantu's sentence reflects the serious damage caused by her fraudulent activities, underscoring the need for accountability in cases of manipulated real estate transactions.
Law
Artificial intelligence
fromHackernoon
11 months ago

AI Agents in Finance: Game-Changer or a Risky Gamble? | HackerNoon

AI-powered financial risk models have prevented over $1 billion in fraud recently.
AI's effectiveness in fraud detection relies heavily on the quality of training data.
UK news
fromIndependent
3 months ago

Travel agent and husband allegedly caught smuggling 340k out of Ireland for crime organisation

Two Ukrainian nationals were arrested at Dublin Airport for attempting to smuggle €340,000.
The arrests raise concerns over organized crime in Ireland.
US news
fromwww.housingwire.com
3 months ago

It's time for America to think differently about money laundering and risk assessment

The US is retreating from its leadership in combating financial crime, with potentially severe international consequences.
fromBitcoin Magazine
4 months ago

On Bitcoin Privacy: More Deputy Attorney General, Less New York Attorney General

The Justice Department will stop participating in regulation by prosecution in this space. Specifically, the Department will no longer target virtual currency exchanges, mixing and tumbling services.
Cryptocurrency
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