Securities fraud
TD Bank expected to pay $3 billion in fines and limit growth in DOJ settlement: Report
A TD bank stands in Brooklyn on June 04, 2024 in New York City. Spencer Platt | Getty Images TD Bank is reportedly expected to pay a whopping $3 billion in fines to the Department of Justice and financial crimes regulators to settle a federal probe over its alleged failure to monitor money laundering by […]
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Justice Department, FTC warn consumers of fraud, price gouging risks ahead of Hurricane Milton
People buy items ahead of Hurricane Milton expected landfall in Bradenton, Florida on October 9, 2024. Miguel J. Rodriguez Carrillo | AFP | Getty Images As Hurricane Milton approached landfall in western Florida on Wednesday, the Biden administration warned consumers and businesses of the heightened risk of potential fraud, price gouging and collusion that accompanies […]
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Supreme Court rejects Martin Shkreli fine appeal
Former drug company executive Martin Shkreli and his lead attorney Benjamin Brafman arrive at U.S. District Court for the fourth day of jury deliberations in his securities fraud trial in the Brooklyn borough of New York City, U.S., August 3, 2017. Amr Alfiky | Reuters The Supreme Court on Monday rejected a bid by notorious […]
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Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims
Key Points A day after Meta announced a partnership with U.K. banks NatWest and Metro Bank on a data-sharing framework to help them prevent customers from falling prey to fraud schemes, Revolut said that the tech company was not doing enough. The fintech firm said that Meta and other social media platforms should do their […]
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FTC cracks down on DoNot Pay, others for ‘deceptive AI claims and schemes’
FTC Chairwoman Lina Khan testifies during the House Appropriations Subcommittee on Financial Services and General Government hearing titled “Fiscal Year 2025 Request for the Federal Trade Commission,” in Rayburn Building on Wednesday, May 15, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images The Federal Trade Commission on Wednesday announced a crackdown on what […]
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FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to forfeit $11 billion
Caroline Ellison, the star witness in the prosecution of her former boyfriend, FTX founder Sam Bankman-Fried, was sentenced Tuesday in New York federal court to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion. The prison […]
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The bitcoin ATM has emerged as one of cryptocurrency’s biggest threats
Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. ATMs dealing in bitcoin are similar to their cash cousins: there are PINs to punch and withdrawal fees, just like any other ATM. Unlike cash ATMs, though, the high value of crypto makes them prime targets […]
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Former top aide to New York Gov. Hochul charged with acting as foreign agent for China
This an aerial view of the Saxony Court, home in Manhasset, New York belonging to Chris Hu and Linda Sun, July 24, 2024. Sun is the former deputy chief of staff for New York State governor Kathy Hochul. The FBI searched the home on July 23, 2024. J. Conrad Williams Jr. | Newsday | Getty […]
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Trump clemency recipient’s arrest draws attention of judge in old drug case
Republican Presidential nominee, former president Donald J. Trump remarks during a campaign event at Precision Custom Components on August 19, 2024 in York, Pennsylvania. Tierney L. Cross | Getty Images A New York federal judge has ordered U.S. probation officials to investigate the recent arrest of a convicted drug dealer who was released from prison […]
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Former FTX exec Ryan Salame’s romantic partner indicted on campaign finance crimes
Michelle Bond, CEO of Digital Futures. CNBC Convicted former FTX executive Ryan Salame’s domestic partner Michelle Bond has been indicted in New York on federal charges accusing her of conspiring to raise unlawful campaign contributions from FTX for her unsuccessful run for Congress in 2022, prosecutors announced Thursday. Manhattan U.S. Attorney Damian Williams claims that […]
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