Fraud

Former Nikola (NKLA) CEO Trevor Milton was sentenced to four years in federal prison on Monday, a ruling that came 14 months after he was convicted by a jury of spreading lies about the hydrogen-electric vehicle company he founded.Milton's…

Stay informed with free updatesSimply sign up to the Electric vehiclesmyFT Digest -- delivered directly to your inbox.Trevor Milton, the founder of hydrogen-powered truckmaker Nikola, was sentenced to four years in prison on Monday for…

There has been a shift in fraud away from the cryptocurrency space, with a decline of 51% in attacks, thanks to the Market in Crypto Asset (MiCA) regulation. With fraudsters finding it increasingly challenging to operate in the crypto…

The advent of FedNow, the Federal Reserve Bank's instant payments network, has ushered in a new era of real-time capabilities. However, alongside this innovation, concerns are mounting about the potential acceleration of Authorized Push…

The global identity intelligence firm, AU10TIX has released its report about the trends of identity fraud witnessed in the third quarter of this year. This report disclosed a shift in global identity fraud from the cryptocurrency sector to…

Just two per cent of Covid fraud tip-offs are being investigated, the government has admitted. Around 98 per cent of claims phoned into the government’s coronavirus fraud hotline are not being actively pursued, ministers have said. A…

The Securities and Futures Commission (SFC) of Hong Kong has issued a warning related to suspected fraud involving crypto entities Hong Kong Digital Research Institute and BitCuped.In a Dec. 6 notice, the SFC said the Hong Kong Police Force…

SquaredFinancial values transparency and is strongly dedicated to fighting deceptive practices by developing an advanced fraud prevention framework. Recognizing recent incidents of financial deceit in the trading industry, the company is…

Esteban Cabrera Da Corte, a Miami gang leader, has been handed a 63-month prison sentence by a federal court in New York for orchestrating a cryptocurrency scam that defrauded US banks and a prominent exchange of over $4 million. …

The U.S. Securities and Exchange Commission (SEC) continues its investigation to uncover proof that Binance.US may have had a backdoor mechanism akin to FTX’s, allowing potential control over customer assets. According to a Nov. 27 report,…