fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

DOJ Cracks Down on Use of ‘Microtransactions’ to Conceal Fraud

DOJ Cracks Down on Use of ‘Microtransactions’ to Conceal Fraud
DOJ Cracks Down on Use of ‘Microtransactions’ to Conceal Fraud
December 15, 2023  |  Fraud Attack

The Department of Justice (DOJ) has announced a crackdown on fraud networks that steal money from consumer accounts and use fraudulent “microtransactions” to conceal their illicit activities...

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Crypto Wallet Firm Ledger Reports Security Breach 
Crypto Wallet Firm Ledger Reports Security Breach 
December 14, 2023  |  Cryptocurrency

Crypto wallet firm Ledger experienced a security breach on Thursday (Dec. 14) in which hackers managed to steal $484,000.  Get the Full Story Complete the form to...

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Ex-Wirecard Finance Chief Charged With Fraud
Ex-Wirecard Finance Chief Charged With Fraud
December 14, 2023  |  Legal

More than three years after its collapse, Wirecard’s former finance chief has been accused of fraud. Get the Full Story Complete the form to unlock...

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Salv Raises $4.3 Million to Expand Financial Crime Compliance Solutions 
Salv Raises $4.3 Million to Expand Financial Crime Compliance Solutions 
December 14, 2023  |  Investments

Estonia-based Salv, a provider of financial crime compliance solutions, has raised 3.9 million euros ($4.29 million) in new funding to fuel its expansion in the United...

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Europe Plans Authority to Fight Money Laundering and Terror Financing
Europe Plans Authority to Fight Money Laundering and Terror Financing
December 13, 2023  |  AML

Officials in Europe are launching an authority to combat money laundering and terrorism financing. Get the Full Story Complete the form to unlock this article...

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Intellicheck to Provide ID Verification Services for Versatile Credit
Intellicheck to Provide ID Verification Services for Versatile Credit
December 12, 2023  |  Authentication

Intellicheck will provide identity verification services for financing platform Versatile Credit. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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FTX and IRS Battle Over $24 Billion Tax Claim
FTX and IRS Battle Over $24 Billion Tax Claim
December 12, 2023  |  Cryptocurrency

FTX Trading is reportedly currently locked in a legal dispute with the Internal Revenue Service (IRS) over a $24 billion tax claim. Get the Full...

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Bankman-Fried Lawyer: Client Was ‘Worst’ Witness in Unwinnable Case
Bankman-Fried Lawyer: Client Was ‘Worst’ Witness in Unwinnable Case
December 12, 2023  |  Legal

Could FTX founder Sam Bankman-Fried have prevailed at trial? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Issuers and Merchant Collaborate to Thwart Fraudsters and Accept ‘Good’ Transactions
Issuers and Merchant Collaborate to Thwart Fraudsters and Accept ‘Good’ Transactions
December 12, 2023  |  Fraud Prevention

Jeff Gipson, director of payment product management at Discover® Global Network, told PYMNTS in a recent interview that the intensity of fraudsters’ attacks on all parts...

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