4th August 2021
Five people have been arrested by gardaí investigating an international fraud gang who have stolen over €15m. The suspects, aged in their late teens and 20s, were detained following an operation in the Midlands this morning. They are being questioned over a variety of offences including acting as and recruiting… Read More
4th August 2021
The Enforcement Directorate (ED) has arrested Avantha Group promoter Gautam Thapar in connection with a money laundering case, officials said on Wednesday. The agency arrested Thapar on late Tuesday after day-long questioning in connection with the alleged property transaction between Avantha Realty and YES Bank’s co-founder Rana Kapoor and his… Read More
2nd August 2021
Andrew Ripper, a 53-year-old City analyst from Hertfordshire, lost £9,000 when a scammer hacked the email of a builder he was using. Jim Hunt, 50, from Newbury, Berkshire, lost hundreds when someone made transactions on his credit card. Reda Awad, 66, a surgeon from Hertfordshire, had £1,000 stolen by a… Read More
2nd August 2021
Cryptocurrency crimes and the scale of losses in Hong Kong soared to record levels in the first six months of this year, with one victim conned out of HK$124 million (US$15.9 million). Police logged 496 such cases involving victims losing a total of HK$214.4 million in the first half of… Read More
2nd August 2021
Police have reopened an investigation into an alleged fraud case involving a former chairman of the operator of South Korea’s largest cryptocurrency exchange Bithumb, informed officials said Monday. The Seoul Metropolitan Police Agency has been probing Lee Jung-hoon, former chairman of crypto exchange operator Bithumb Korea, after a group of… Read More
2nd August 2021
A new spate of lawsuits suggests that despite legislation and prosecutions by foreign governments, alleged investment fraud remains a lucrative business in Israel, with local law enforcement doing little to crack down on suspected online scammers. Among the recent lawsuits — filed in Israel by alleged victims from countries including… Read More
30th July 2021
A German art collector was sentenced to three and a half years in prison less time she’d already served after admitting to an art fraud involving the fake sale of a $1.3 million yellow pumpkin sculpture by Yayoi Kusama. Angela Gulbenkian pleaded guilty in London to allegations that she took… Read More
30th July 2021
Nigerian influencer Ramon Abbas – also known as Hushpuppi – has pleaded guilty to money laundering in a US court. Hushpuppi, 37, is known for posting photos of his lavish lifestyle on Instagram, where he has 2.5m followers. Court documents filed in California said Hushpuppi’s crimes cost victims almost $24m… Read More
28th July 2021
The Vatican started a corruption trial with alleged offenders including a previously powerful cardinal as Pope Francis ramps up a campaign to overhaul the city state’s scandal-plagued finances. Cardinal Angelo Becciu, who served as chief of staff in the Vatican’s secretariat of state, is the highest-placed Vatican figure to face… Read More
27th July 2021
A U.S. probe into Tether is homing in on whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market. Tether’s pivotal role in the crypto ecosystem is now well known because the token is widely used to… Read More