Fraud and false statements
Fake job seekers are flooding U.S. companies that are hiring for remote positions, tech CEOs say
An image provided by Pindrop Security shows a fake job candidate the company dubbed “Ivan X,” a scammer using deepfake AI technology to mask his face, according to Pindrop CEO Vijay Balasubramaniyan. Courtesy: Pindrop Security When voice authentication startup Pindrop Security posted a recent job opening, one candidate stood out from hundreds of others. The […]
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U.S. judge sets Boeing 737 MAX fraud trial for June 23
The Boeing Company logo is displayed. Sopa Images | Lightrocket | Getty Images A U.S. judge on Tuesday abruptly set a June 23 trial date in the Justice Department’s criminal fraud case against Boeing stemming from the planemaker’s alleged misrepresentations to U.S. regulators about a key system on the 737 MAX. In July, Boeing agreed to plead guilty to a criminal fraud conspiracy charge after two fatal 737 MAX crashes and to pay a fine of […]
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Americans lost $5.7 billion to investment scams in 2024, FTC says. Here’s how to protect yourself
Key Points Americans reported losing $5.7 billion to investment scams in 2024, according to the Federal Trade Commission. The typical victim lost more than $9,000 on average. “Pig-butchering scams” are a common investment fraud whereby scammers develop a relationship with victims, entice them to invest money and then swindle them. There are three common signs […]
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Malaysia’s 1MDB files legal claim against Amicorp Group seeking over $1 billion for alleged fraud
Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. Olivia Harris | Reuters Scandal-hit Malaysian state fund 1Malaysia Development Berhad said Monday it has filed a legal claim of more than $1 billion against corporate services provider Amicorp Group and its CEO, alleging the […]
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Behind the scenes with the team of ex-prosecutors fighting Amazon’s counterfeit problem
In October 2018, police showed up at a nondescript industrial warehouse in New York’s Brooklyn Navy Yard to investigate reported counterfeits. Federal agents were looking for knockoff military gear as part of an investigation into a distributor, called California Surplus, that had secured a $20 million contract to supply the U.S. military with specialized uniforms. […]
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Why credit card fraud alerts are rising, and how worried you should be about them
Rainstar | E+ | Getty Images It’s a scenario most people have encountered: you try to make a big or unexpected purchase on your credit card, and, at the moment you need it the most, the card gets declined. Sometimes, it’s as simple as confirming the purchase via text message, and you can quickly complete […]
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How scammers convince Americans to drain their life savings into crypto fraud schemes
More and more Americans are losing thousands of dollars to a scheme that takes fraudsters weeks or months to pull off. “Pig butchering” scams earned the name from the idea that scammers use flattery and fake bonding to “fatten up” their victims. The strategy has amassed billions in stolen funds—particularly in the form of cryptocurrencies. […]
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‘I see them the whole time’: The problem of fakes in the art market
Paintings by Han van Meegeren (1889-1947) at the Boijmans Van Beuningen Museum in Rotterdam on May 11, 2010. Van Meegeren became known for his forgeries, particularly of works by Dutch master Johannes Vermeer. Robin Utrecht | AFP | Getty Images Art forgeries are more common than you might think, but stories about them often stay […]
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Roche alleges counterfeit diabetes medical devices were sold on Amazon
Roche Diabetes Care Inc. Accu-Chek brand glucose test strips are arranged for a photograph in the Brooklyn borough of New York, U.S., on Thursday, April 4, 2019. Alex Flynn | Bloomberg | Getty Images Roche, one of the world’s largest biotech companies, said “dangerous counterfeits” of its diabetes medical devices ended up for sale on […]
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Former IRS staff charged in $2.1 million Exxon Mobil tax credit rating theft endeavor in Utah
Chip Somodevilla | Getty Visuals Information | Getty Illustrations or photos A former IRS worker was billed in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed to Exxon Mobil by diverting the funds employing a taxpayer database he had entry to. Prosecutors explained Wednesday that previous IRS account administration […]
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