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.

For Sam Bankman-Fried, Pointing Fingers Never Goes Out of Style 

For Sam Bankman-Fried, Pointing Fingers Never Goes Out of Style 
For Sam Bankman-Fried, Pointing Fingers Never Goes Out of Style 
October 27, 2023  |  Legal

Four of Sam Bankman-Fried’s closest friends have testified against him in his criminal trial.  Get the Full Story Complete the form to unlock this article...

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Sam Bankman-Fried Takes Stand to Deny Fraud Charges
Sam Bankman-Fried Takes Stand to Deny Fraud Charges
October 27, 2023  |  Legal

Sam Bankman-Fried took the stand in a New York courtroom on Friday (Oct. 27) to defend himself against charges of criminal fraud. Get the Full...

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Synthetic Data Gives Firms Real Results in Fighting Fraud
Synthetic Data Gives Firms Real Results in Fighting Fraud
October 27, 2023  |  Cybersecurity

Imagine being able to train your defense systems on cyberattacks that haven’t even happened yet. Get the Full Story Complete the form to unlock this...

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Bankman-Fried Stumbles, Claims Forgetfulness in Testimony Dress Rehearsal 
Bankman-Fried Stumbles, Claims Forgetfulness in Testimony Dress Rehearsal 
October 26, 2023  |  Legal

Federal prosecutors rested their case against accused financial fraudster Sam Bankman-Fried on Thursday (Oct. 26). Get the Full Story Complete the form to unlock this...

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ISO 20022, Open Banking Will Transform Cross-Border Payments
ISO 20022, Open Banking Will Transform Cross-Border Payments
October 26, 2023  |  Cross-border Payments

Nilesh Dusane, global head of institutional payments at Amazon Web Services (AWS), told Karen Webster that there’s one common refrain among financial institutions (FIs) and...

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CFOs Use Automation for Fraud Prevention More Than for AP/AR
CFOs Use Automation for Fraud Prevention More Than for AP/AR
October 25, 2023  |  Accounts Payable

In today’s fast-paced business world, companies are constantly looking to streamline operations and increase productivity. Get the Full Story Complete the form to unlock this...

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Bankman-Fried Will Take Stand at His Fraud Trial
Bankman-Fried Will Take Stand at His Fraud Trial
October 25, 2023  |  Legal

FTX founder Sam Bankman-Fried is reportedly planning to testify in his own fraud trial. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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What’s Next in Payments Security: White Hats vs Black Hats, With AI as a Weapon
What’s Next in Payments Security: White Hats vs Black Hats, With AI as a Weapon
October 25, 2023  |  Security & Fraud

Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that as 2024 dawns, artificial intelligence (AI) will be a technological tool increasingly leveraged by...

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BlockFi to Wind Down Operations, Return Assets to Customers
BlockFi to Wind Down Operations, Return Assets to Customers
October 24, 2023  |  Cryptocurrency

Crypto lender BlockFi has announced that it will wind down its operations and begin returning crypto assets to customers. Get the Full Story Complete the form to...

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