As part of its ongoing efforts to stop coronavirus-related fraud, the U.S. Department of Justice (DOJ) obtained a temporary restraining order to close hundreds of websites that purported to sell products that became scarce during the pandemic, according to a press release. Get the Full...
Congress has yet to agree on the next round of stimulus funding, but the Federal Trade Commission (FTC) is already warning the public to beware. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Federal and state authorities are targeting companies that allegedly lend money to small businesses at extreme rates and seek to collect payments with heavy-handed tactics, NBC News reported Tuesday (Aug. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Investigators examining alleged wrongdoing at once high-flying UAE healthcare provider NMC Health are exploring whether the company falsified drug orders to inflate the books of a related company through which NMC raised debt, the Financial Times reported on Monday (Aug. 10). Get the Full Story...
Identity fraud is nothing to play around with, but you wouldn’t know that given its prevalence in the online gaming sector. “Three out of four American consumers are now interacting with gaming platforms, spending up to 14 hours a week on them — up from...
A Singapore businessman faces charges of falsifying documents that showed more than 100 million euros ($118 million) in three accounts held on behalf of Wirecard AG, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy...
The U.S. Department of Justice (DOJ) charged 14 people in two separate investigations into their alleged participation in schemes to defraud the Paycheck Protection Program (PPP) of more than $28 million in forgivable loans guaranteed by the Small Business Administration. Get the Full Story Complete the form...
In anticipation of its collapse in June, Wirecard AG executives may have raided the German payment company and deposited $1 billion in partner companies while it fought allegations of accounting fraud, the Financial Times reported. Get the Full Story Complete the form to unlock this...
