fraud

It’s not just Congressional wannabes who invent lies about themselves to impress naïve voters and dupe their own party, it seems such posers have seeped into the cannabis industry as well. And, they're not just enhancing their resumé, they're stealing loads...

Four individuals were sentenced by the English County of Lancashire following an investigation into a £20 million Bitcoin (CRYPTO: BTC) fraud. The fraud began in 2017 when James Parker, the alleged gang leader, discovered a glitch in an Australian cryptocurrency trading website that...

While financial analysts and media pundits continue to compare the fall of FTX’s Sam Bankman-Fried and criminal Ponzi scheme artist Bernie Madoff, there is a stark difference in the type of wealth they accumulated. But they both enjoyed spending that wealth on real estate. While Bankman-Fried...

Cronos Group, Inc, (NASDAQ: CRON) announced that it had reached final settlement agreements with each of the U.S. Securities and Exchange Commission and staff of the Ontario Securities Commission (the "OSC") to resolve investigations regarding the previously disclosed...

A Dallas real estate developer accused of scamming Chinese investors out of more than $26 million was indicted Tuesday on charges of wire fraud and securities fraud.  Timothy Lynch Barton, 59, president of JMJ Development Inc. and CEO of real state investment firm Carnegie Development,...

Nikola Corporation (NASDAQ: NKLA) founder Trevor Milton has quietly purchased shares of the Phoenix-based electric vehicle company ahead of his September fraud trial. What Happened: Milton, who was indicted on fraud charges in July 2021, resigned as CEO amid allegations that he made false...

Original publication: August 5, 2020 Phishing emails could be described as the pestilent occurrence of the modern workforce. As we ditched the typewriter for the computer, and faxes for emails, one unexpected (yet always prevalent) consequence, was spam. According to Verizon’s 2019 Data...

Fabrizio D'Aloia, the founder of Italian digital gambling firm Microgame, has been granted permission to undertake a lawsuit via NFTs against anonymous parties. What Happened: The U.K.’s recent ruling permits wallet addresses to be used in legal proceedings against anonymous parties. The...

Citron Research's Andrew Left believes cryptocurrencies are nothing but a fraud.  What Happened: The renowned short seller talked about crypto Monday at a conference about fraud in financial markets, according to a Reuters report. When asked about areas...

The U.S. commodities watchdog, Commodity Futures Trading Commission (CFTC), has charged South Africa-based Bitcoin (CRYPTO: BTC) operator Mirror Trading International (MTI) and Cornelius Johannes Steynberg for $1.7 billion of fraud and registration violations. According to CFTC, MTI accepted...

According to a U.S. Department of Justice (DOJ) statement, six people have been charged in cryptocurrency-related fraud cases, including Non-Fungible Token (NFT) scams.  DOJ has announced criminal charges against the Baller Ape Club NFT collection's creator for involvement in the "rug...

FBI special agent Sean Ragan has said that cryptocurrency investment scammers on Microsoft Corporation's (NASDAQ: MSFT) social networking platform LinkedIn are a significant threat to the platform and consumers. According to an exclusive interview with CNBC, Ragan, the FBI's...

Terra (CRYPTO: LUNA) founder Do Kwon has now come on Twitter to refute allegations against him about cashing out funds from the company.  On Thursday, TerraForm Labs (TFL) employees said that $80 million of company funds were sent to “secret wallets” every month before the LUNA...

According to a report from London-based firm Elliptic, about $10.5 billion worth of user funds has been stolen in cases of fraud and theft on DeFi products.  DeFi platforms have become increasingly popular in recent years, but the platforms are not regulated. The "total value locked...

According to the City of London Police, more than 146 million pounds ($200 million) has been lost to cryptocurrency fraud since the start of 2021.   The amount of money allegedly lost in 2021 is 30% more than all of 2020.  City of London police stated 7,118 reports of fraud related...