6th September 2021
Police are warning people of a terrifying new form of highway robbery in which people are mugged in the street and forced to transfer money from their digital banking apps. Violent thieves send the money to “mule accounts”, often purchased from cash-strapped students, and then quickly exchange the proceeds into… Read More
3rd September 2021
JPMorgan Chase & Co. settled a longstanding French criminal investigation over allegations it helped clients commit tax fraud for 25 million euros ($29.6 million). The case relates to allegations of tax fraud seen to benefit former managers at investment firm Wendel, top financial prosecutor Jean-François Bohnert said at a… Read More
3rd September 2021
A British man has been charged in Singapore with involvement in alleged fraud by a company linked to the collapsed German payments firm Wirecard, according to police. James Henry O’Sullivan is accused of colluding with R Shanmugaratnam, a director of accounting firm Citadelle Corporate Services, to send a false document… Read More
2nd September 2021
The gardai have uncovered a network of human traffickers involved in smuggling migrants from the Balkans into Britain via Ireland to fill low-paid jobs in the black economy. The operation is being led by the Garda National Bureau of Immigration (GNIB) in conjunction with Britain’s Border Force. Read More
2nd September 2021
The top U.S. securities regulator on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion from retail investors. Expanding a civil case announced in May, the U.S. Securities and Exchange Commission charged BitConnect founder Satish Kumbhani, an Indian… Read More
1st September 2021
A hacker has returned $336,000 to a British collector after he tricked him into buying a fake NFT advertised through the artist’s official website. A link to an online auction for the NFT was posted on a now-deleted page of banksy.co.uk. The auction ended early after the man offered 90%… Read More
1st September 2021
Yorgen Fenech and several business associates have been charged with money laundering in connection with a Maltese gaming company called Glimmer Limited. Fenech, who separately stands accused of conspiring to murder Daphne Caruana Galizia, denied the fresh charges when he appeared in court on Monday. He is accused of committing… Read More
1st September 2021
A Malta-licensed gaming company has been highlighted as potentially being linked to the illegal proceeds of one of the biggest-ever online financial scams, according to whistleblower website Fintelegram.com. The island’s iGaming industry has been embroiled in one controversial scandal after another over the years. Read More
1st September 2021
A predecessor’s failure to safeguard trust assets against a massive fraud scheme involving pre-need funeral contracts will cost PNC Bank $107 million, the 8th U.S. Circuit Court of Appeals held Monday. PNC, represented by Dowd Bennett, argued that the $100 million judgment should be reduced to $46 million and that… Read More
31st August 2021
Switzerland’s Federal Criminal Court has sentenced a German woman, who was at the helm of a trading company, to 45 months behind bars in a hefty fraud case. The 71-year-old woman, a former director of the Lucerne-based trading company Fera, was accused of obtaining loans from banks by producing fictitious… Read More