Fraud

The government is “flying blind” on its exposure to fraud, which has quadrupled since the start of the Covid-19 pandemic, MPs have said. The cross-party Public Accounts Committee (PAC) also said that while most of the £21bn of…

Ryan Salame, a former high-ranking executive at the crypto exchange FTX, has entered a guilty plea in connection with criminal charges related to the extensive fraud case involving FTX’s founder, Sam Bankman-Fried. As part…

Two weeks after fraud allegations surfaced against an Israeli startup Come hereAmerican and Israeli investors have been informed that US authorities are interested in investigating the company's management, as documents…

TSB, one of the nine banks, said Mastercard's AI tool has increased its ability to detect fraud on the APP by 20%. US multinational financial services company Mastercard Inc (NYSE:MA) has created a new artificial intelligence tool that…

Internal examination in a startup company Come here, a diversified recruitment platform founded by Elite Raz, raised suspicions that the company had misreported its client numbers. According to assessments by many of the…

Fraud has been a persistent problem in many industries, causing enormous financial losses for both corporations and individuals. The intricacy of fraudulent acts grows in lockstep with technological advancement. Blockchain technology, on…

Economy A gold trader wants Amadi removed from a judicial position due to a $100 million fraud Friday 02 June 2023 Chief Registrar Anne Amadi. file image | NMG A British gold trader has petitioned the Judicial Services…

FTX co-founder Sam Bankman-Fried lays the groundwork for a defense that argues he relied on the advice of a prominent Silicon Valley law firm to take many of the actions for which he now faces fraud charges. Bankman-Fried's defense…

Economy Court extends freeze of Amadi's accounts in Sh100m gold fraud case Monday, May 29, 2023 Chief Registrar of the Judiciary Ann Al-Emadi. file image | NMG The Supreme Court has extended an order to freeze the bank…

The Commodity Futures Trading Commission (CFTC) has sued five individuals for falsely promoting bitcoin and cryptocurrency trading services, thereby deceiving unsuspecting investors. The defendants in the case, according to…