Securities fraud
Malaysia will take ‘necessary action’ if its companies are involved in Nvidia fraud case: Trade minister
Nvidia’s headquarters on Feb. 26, 2025, in Santa Clara, California. Justin Sullivan | Getty Images Malaysia said it will take “necessary action” against Malaysian companies if they are found to be involved in a fraud case linked to the alleged movement of Nvidia chips from Singapore to China. That comes after Singapore Law and Home […]
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DOJ offers new Eric Adams case dismissal justification ahead of key hearing
NYC Mayor Eric Adams speaks during a press conference with NYPD Commissioner Jessica Tisch at Bellevue Hospital Center on Feb. 18, 2025 in New York City. Michael M. Santiago | Getty Images A top Department of Justice official on Wednesday offered a new rationale for the DOJ’s controversial decision to ask a federal judge to […]
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Judge orders Mayor Eric Adams, DOJ lawyers to appear in court to explain case dismissal request
New York City Mayor Eric Adams speaks with members of the media as he arrives for an Adult Town Hall at Sunnyside Community Services Older Adult Center on Feb. 12, 2025 in the Queens borough of New York City. Michael M. Santiago | Getty Images A federal judge ordered embattled New York Mayor Eric Adams, […]
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Top federal prosecutor, DOJ official quit after refusing order to toss Eric Adams case
Danielle Sassoon, assistant US Attorney for the Southern District of New York, exits court in New York, US, on Thursday, Oct. 5, 2023. Stephanie Keith | Bloomberg | Getty Images A top federal prosecutor in New York and a senior Department of Justice official resigned Thursday after refusing a DOJ order to dismiss the pending […]
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Crypto scams likely hit a new record in 2024, driven by ‘pig butchering’ and AI, says Chainalysis
Chainalysis said that crypto wallets linked to scams received $9.9 billion in cryptocurrency in 2024, according to its initial estimates Boonchai Wedmakawand | Moment | Getty Images Crypto fraud revenue is estimated to have hit record levels last year amid a surge in so-called romance scams as cybercriminals leverage artificial intelligence and become more organized, […]
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Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal
Key Points Zelle crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform. The payments network said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier. Zelle was launched […]
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Former Trump aide Steve Bannon pleads guilty in New York ‘build the wall’ case
Steve Bannon, former advisor to U.S. President Donald Trump, arrives for a hearing at Manhattan Criminal Court on February 11, 2025 in New York City. Michael M. Santiago | Getty Images Steve Bannon, a former top White House aide to President Donald Trump, pleaded guilty Tuesday in New York in connection with the defrauding of […]
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Short seller Andrew Left seeks to dismiss U.S. fraud case, filing shows
Andrew Left of Citron Capital on CNBC’s Halftime Report. Adam Jeffery | CNBC Prominent short seller Andrew Left is pressing a judge to dismiss U.S. charges that he manipulated the market and defrauded investors with his negative reports about companies, according to a document filed in federal court on Monday. U.S. authorities charged Left, the […]
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Supreme Court allows anti-money laundering law to take effect
A woman carries a “SCOTUS v THE PEOPLE” sign in front of the U.S. Supreme Court in Washington on Monday, October 7, 2024. Bill Clark | Cq-roll Call, Inc. | Getty Images The Supreme Court cleared the way on Thursday for the enforcement of an anti-money laundering federal law that requires corporate entities to disclose […]
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CFPB fines Equifax $15 million for errors on credit reports
Key Points The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes. Credit reports have a significant impact on consumer finances, experts said. They may dictate someone’s success in qualifying for a loan, renting an apartment or getting a job. […]
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