scheme

The Rural Electrification Scheme, a non-profit scheme set up by the government in 1973 to expand power access to the rural poor, has accumulated losses of Sh55.9 billion, threatening its sustainability. The plan, run by Kenya Power on…

The story of collapsed cryptocurrency exchange FTX takes a shocking turn as new evidence suggests founder Sam Bankman-Fried (SBF) was not acting alone. Emails obtained by The Wall Street Journal claim $100 Million Political…

Biffa Waste Services Ltd has launched legal action to recover nearly £200 million from Scottish ministers, citing significant losses from investment in the government's aborted bottle recycling scheme.The company's legal team…

Twenty suspects, including directors of five companies, face various tax fraud charges, including a missing tax evasion scheme. The Kenya Revenue Authority (KRA) said its investigations revealed that 15 individuals and five companies…

In a groundbreaking legal case, a criminal gang in China has been found guilty of organizing a complex money laundering operation that leveraged the country's central bank digital currency (CBDC), the digital…

Juan Tacurri, 46, of Greenacres, Florida, a top promoter of the Forcount cryptocurrency Ponzi scheme, pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme, which netted $8.4…

Labor has announced plans to permanently extend the mortgage guarantee scheme, initially introduced by the Conservatives in 2021 under then-Chancellor Rishi Sunak, if they win the next general election.The scheme, designed to support…

Ontario's "crypto kingpin" Aiden Blitrski has been arrested and charged with fraud and money laundering in connection with an alleged Ponzi scheme following one of the most comprehensive fraud investigations the region…

An ongoing self-reporting effort by interoperability giant LayerZero to combat Sybil attacks has uncovered more than 800,000 Sybil addresses. According to LayerZero, the self-reporting process was carried out alongside rigorous analysis…

In federal court in Brooklyn on Thursday, cryptocurrency personality Thomas John Sferaga, also known as “TJ Stone,” pleaded guilty to... Wire fraud charges Charged with defrauding more than a dozen victims out of more than…