Fraud and false statements
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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Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud
Barbara Furlow-Smiles attends the 2020 Sisters’ Awards at Skirball Cultural Center on March 08, 2020 in Los Angeles, California. Robin L. Marshall | Getty Images A former diversity manager at Facebook and Nike was sentenced to five years and three months in prison for stealing more than $5 million from those companies that had been […]
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From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. Mike Segar | Reuters | Benjamin Girette | Bloomberg | Getty Images An arch rivalry between one-time crypto titans was brought to a close at a federal courthouse in Seattle on Tuesday when Binance founder Changpeng […]
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Details center service provider Equinix ➭vertising an AI pipe dream,' Hindenburg Exploration says in shorter report
Charles J. Meyers, president and CEO of Equinix, poses in his place of work in Redwood City, Calif., Dec. 18, 2018. Nhat V. Meyer | Bay Digital To start with Media | The Mercury News by means of Getty Visuals Hindenburg Analysis on Wednesday took intention at Equinix, the $80 billion knowledge centre service provider, […]
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Fraudster who peddled pretend pre-IPO Airbnb inventory falsely claimed to signify Egypt's Mansour family
The Airbnb emblem is exhibited on the Nasdaq electronic billboard in Occasions Sq. in New York on December 10, 2020. Kena Betancur | AFP | Getty Visuals When prosecutors introduced the plea deal late previous 7 days of Shamoon Rafiq, who ran a $10 million scheme that duped investors into obtaining into pre-IPO tech corporations […]
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As online romance scams rise, banks ask for help to save victims billions
The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis that’s costing Americans billions of dollars every year: online romance scams. These digital crimes have proliferated since the pandemic, as criminals pose as attractive partners and reach out to lonely Americans on social media. “We […]
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