31st August 2021
Victims of Bernard Madoff will get another chance at recovering $343 million from Citigroup Inc. after a federal appeals court overturned a ruling dismissing a claim against the bank. The U.S. Court of Appeals in New York on Monday reinstated a suit against Citi by Irving Picard, the trustee… Read More
27th August 2021
Individuals and organisations in the UK reported losses of £1.3bn to fraud and cyber crime between 1 January and 31 July 2021, a threefold increase on the year-ago figure of £414.7m, as reported instances of cyber crime spike by seven times, rising from 39,160 to 289,437. This… Read More
27th August 2021
Operators of bitcoin ATMs across the US have formed a coalition to bolster compliance standards to prevent cryptocurrency-related crimes. The Cryptocurrency Compliance Cooperative comprises 15 initial members whose mission, according to the statement, is to create a safer environment for all consumers and legitimize the cash-to-cryptocurrency industry. The… Read More
26th August 2021
Two lawyers and two surgeons have been indicted by a federal grand jury on mail- and wire-fraud charges for allegedly participating in a five-year, $31 million insurance scam in which “extremely poor” and often homeless or drug-addicted people in New York City were recruited to stage trip-and-fall accidents, the U.S. Read More
26th August 2021
Retired Olympic speed skating champion Apolo Ohno and companies in Cyprus, Hong Kong, Malta, and Singapore are being sued in California for an alleged $50 million crypto fraud. Apolo Anton Ohno is an American retired short track speed skating competitor and an eight-time medallist in the Winter Olympics. Ohno… Read More
25th August 2021
A Belfast man is to stand trial in connection with an alleged multimillion-pound banking fraud, a judge ordered on Monday. Ciaran Brendan Barr is accused of multiple offences against his former employer Santander. The 39-year-old, of Mount Eagles Close in Dunmurry, appeared at Belfast Magistrates Court for a preliminary enquiry… Read More
25th August 2021
No statistical model could explain it, and when a Massachusetts man and his two sons cashed in more than 13,000 winning lottery tickets worth nearly $21 million over eight years, federal prosecutors and lottery officials said it was anything but luck. “A statistician will say that there’s some astronomical odd,”… Read More
24th August 2021
South Africa will extradite former Mozambican Finance Minister Manuel Chang to his home country to stand trial, rather than the U.S. where he also faces corruption charges. Chang was implicated in a $2 billion sovereign debt scandal and has been held in a prison outside Johannesburg since his December 2018… Read More
24th August 2021
A once high-flying Perth multi-millionaire tech mogul will be extradited to the United States to face fraud charges relating to an alleged $130 million texting scam – one of the biggest telecom scams in American history. Eugeni “Zhenya” Tsvetnenko has been held almost three years in a West Australian jail… Read More
24th August 2021
Customs officials on Sunday discovered a total of €165,548 in undeclared cash on a Somali passenger headed to Turkey. The passenger was escorted to the departures customs office after K9 Sophie sniffed out the cash and alerted the officials. The passenger told customs he was carrying 1,600 dollars, however, the… Read More