Fraud and false statements
Do Kwon pleads guilty to U.S. fraud charges in $40 billion crypto collapse
Do Kwon, a South Korean cryptocurrency executive charged with fraud, stands with his attorney David Patton to plead guilty in front of U.S. District Judge Paul Engelmayer in New York City, New York, U.S., August 12, 2025 in this courtroom sketch. Jane Rosenberg | Reuters Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital […]
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Imposter scams cost older adults $700 million in 2024, FTC finds: Some victims are ‘clearing out’ their 401(k)s
Key Points Americans age 60 and older are reporting being victims of imposter scams in increasing numbers, according to the Federal Trade Commission. They sometimes lose all the savings held in a bank account or 401(k), the agency said. There are ways to avoid getting scammed. Source
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Here’s how many fake reviews Tripadvisor found on its website in 2024
Around 8% of the 31.1 million reviews submitted to Tripadvisor in 2024 were fake, according to the company’s “Transparency Report 2025.” That’s more than twice the number detected in 2022, according to company reports. But that doesn’t mean the number of fake reviews on the site doubled, said Becky Foley, vice president and head of […]
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The most common travel scams in 9 global cities
The travel industry is one of the sectors most susceptible to fraud, with scams rising 18% during the summer peak season and 28% in the winter peak season in 2024, according to a new report. The report, published last Tuesday by the Mastercard Economics Institute, showed that fraud related to travel agency and tour company […]
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Travel among sectors most heavily impacted by fraud, Mastercard report finds
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Fraud can start in the travel pre-planning stage, says Mastercard’s David Mann, as he outlines details from the Mastercard Economic Institute’s latest report on travel trends. 01:49 Fri, May 16 202512:24 AM EDT Source
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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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