Securities fraud
FBI says fake crypto apps defrauded investors of more than $42 million
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images The FBI recently issued a warning to consumers about fraudulent crypto applications that have scammed 244 victims out of about $42.7 million since October 2021. “The […]
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Feds say 2 NY residents used Trump fundraiser, photo in $27M investment scam
Scott Olson | Getty Images Two New York residents were arrested Monday on a federal criminal complaint with a nearly decade-long $27 million investment fraud scheme that leveraged their attendance at a 2017 fundraiser with then-President Donald Trump. Prosecutors said that the two defendants, Sherry Xue Li and Lianbo Wang, lured victims into investing in […]
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Villas by the sea: Rich Russians fleeing sanctions are pumping up Dubai’s property sector
Dubai is seeing its hottest real estate market in years, with sales in the sector up 45% year on year in April and 51% in May, according to the Dubai Land Department. DUBAI, United Arab Emirates – The team at Dubai property firm Mira Estate have reason to celebrate. The luxury real estate company just […]
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Georgia grand jury investigating Trump election interference subpoenas Sen. Graham, Giuliani, report says
Former New York City Mayor Rudy Giuliani arrives at his apartment building after the suspension of his law license in Manhattan in New York City, New York, U.S., June 24, 2021. Andrew Kelly | Reuters A Georgia grand jury has issued subpoenas to U.S. Sen. Lindsey Graham and the attorney Rudy Giuliani as part of […]
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EU agrees on landmark regulation to clean up crypto ‘Wild West’
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. The European Commission, EU lawmakers […]
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North Korea is likely culprit behind $100 million crypto heist, researchers say
A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korean state-sponsored hackers were likely the perpetrators of a hack that led to the theft of around $100 million in cryptocurrency, according to analysis from blockchain researchers. The hackers targeted Horizon, a […]
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Lagarde plays down recession risks, says ECB is ready to ‘move faster’ on rates if needed
Christine Lagarde, President of the European Central Bank. The central bank scheduled an emergency meeting to address higher bond yields. John Thys | Afp | Getty Images European Central Bank President Christine Lagarde on Tuesday played down concerns about a recession in the euro zone, also saying her team is ready to raise rates at […]
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Former Amazon employee convicted in Capital One hack
Signage is displayed on the exterior of a Capital One Financial Corp. cafe branch in Walnut Creek, California, U.S., on Tuesday, July 18, 2017. Bloomberg | Getty Images A former Amazon Web Services employee was convicted of hacking into Capital One and stealing the data of more than 100 million people nearly three years ago in […]
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Here are the main takeaways from the Jan. 6 Capitol riot committee’s second hearing
U.S. Representative Zoe Lofgren (D-CA), Chairperson Bennie Thompson (D-MS) , Vice Chair U.S. Representative Liz Cheney (R-WY) listen during the second public hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, at Capitol Hill, in Washington, U.S. June 13, 2022. Joshua Roberts | Reuters The House […]
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More than 46,000 people have lost more than $1 billion to crypto scams since 2021, says FTC
The crypto market can be volatile, but it’s still attractive to young people who have “higher risk appetites,” said Chris Adam of SharpRank. Insta_photos | Istock | Getty Images More than 46,000 people say they lost over $1 billion in crypto to scams since the start of 2021, according to a report released by the […]
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