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.

Elizabeth Holmes Sentenced to 11+ Years in Prison for Defrauding Investors

Elizabeth Holmes Sentenced to 11+ Years in Prison for Defrauding Investors
Elizabeth Holmes Sentenced to 11+ Years in Prison for Defrauding Investors
November 18, 2022  |  Cryptocurrency

Elizabeth Holmes, one of Silicon Valley’s most celebrated and subsequently vilified startup founders, has been sentenced to 135 months, or more than 11 years, in...

READ MORE >
Is Higher Fraud Risk an Unintended Consequence of Fed’s New Debit Routing Rule?
Is Higher Fraud Risk an Unintended Consequence of Fed’s New Debit Routing Rule?
November 18, 2022  |  Fraud Prevention

Last month, the Fed said it was officially ending debit network exclusivity across all channels. Beginning in 2023, all debit card issuers must enable merchants...

READ MORE >
SBF’s ‘Big Dumb Game’ Leaves ‘Worse than Enron’ Cleanup For CEO
SBF’s ‘Big Dumb Game’ Leaves ‘Worse than Enron’ Cleanup For CEO
November 17, 2022  |  Cryptocurrency

By most accounts, Sam Bankman-Fried (SBF), the ex-CEO of what only weeks ago was the third largest crypto exchange in the world, has precipitated a...

READ MORE >
Demand for Brand Authenticators Rises Amid Growing Threat of Counterfeits
Demand for Brand Authenticators Rises Amid Growing Threat of Counterfeits
November 17, 2022  |  Retail

Recalling then-candidate Joe Biden’s 2019 advice that out-of-work coal miners should learn to code, now-unemployed coders may want to check job listings for “Luxury Procurement...

READ MORE >
Congressional Committees Say ID.me Provided Inaccurate Info About Fraud
Congressional Committees Say ID.me Provided Inaccurate Info About Fraud
November 17, 2022  |  Biometrics

While apparently attempting to promote the need for its identity verification services, facial recognition company ID.me overstated the amount of fraud around pandemic-related federal funds...

READ MORE >
FTX Founder: Filing for Bankruptcy Was Bad Move
FTX Founder: Filing for Bankruptcy Was Bad Move
November 17, 2022  |  Cryptocurrency

The founder of fallen cryptocurrency giant FTX says his company’s decision last week to declare bankruptcy was a mistake. Get the Full Story Complete the...

READ MORE >
Spend Management Headaches Push SaaS Firms to Automated Systems
Spend Management Headaches Push SaaS Firms to Automated Systems
November 17, 2022  |  Accounts Payable

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
FTC Looks to Stop DK Automation Selling Alleged Fake Business Opportunities
FTC Looks to Stop DK Automation Selling Alleged Fake Business Opportunities
November 16, 2022  |  Security & Fraud

Saying they made false claims promising consumers a “passive income,” the Federal Trade Commission (FTC) has taken action against DK Automation and its owners Kevin...

READ MORE >
Australia Eyes Ban on Paying Ransoms to Hackers
Australia Eyes Ban on Paying Ransoms to Hackers
November 13, 2022  |  Security & Fraud

Australia could consider barring businesses from making ransomware payments to criminals, the country’s cyber security minister said Sunday (Nov. 13). Get the Full Story Complete...

READ MORE >