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.

Crypto’s Furtive Past on Display With Guilty Plea in $750M Shadow Banking Case

Crypto’s Furtive Past on Display With Guilty Plea in $750M Shadow Banking Case
Crypto’s Furtive Past on Display With Guilty Plea in $750M Shadow Banking Case
April 27, 2022  |  Cryptocurrency

An alleged shadow banker for cryptocurrency exchanges is facing up to 90 years in jail after pleading guilty to bank fraud, bank fraud conspiracy and...

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Federal Jury Convicts Man for Defrauding American Express of $4.7M
Federal Jury Convicts Man for Defrauding American Express of $4.7M
April 27, 2022  |  Legal

A California man has been convicted by a federal jury for reportedly defrauding American Express for over $4.7 million and money laundering, according to a...

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Gaming’s Backlash Against NFTs Is Becoming Organized, Threatens Crypto Tokens’ Adoption
Gaming’s Backlash Against NFTs Is Becoming Organized, Threatens Crypto Tokens’ Adoption
April 27, 2022  |  NFTs

If you think environmentalists dislike crypto, wait till you hear what game developers think of NFTs. Get the Full Story Complete the form to unlock...

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FRAML Payments Guide: FIs Need to Update Their Crime-Fighting Tactics
FRAML Payments Guide: FIs Need to Update Their Crime-Fighting Tactics
April 27, 2022  |  Fraud Prevention

Hackers and cybercriminals are becoming more sophisticated by the day, if not the hour or the minute, but too many financial institutions are holding on...

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Child Identity Theft Becomes a $918M Problem
Child Identity Theft Becomes a $918M Problem
April 27, 2022  |  Security & Fraud

Among the most prevalent forms of cybercrime is identity fraud, which is typically divided into two subcategories. Get the Full Story Complete the form to...

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Senator Questions CFPB Director Chopra About Zelle’s Fraud Allegations
Senator Questions CFPB Director Chopra About Zelle’s Fraud Allegations
April 27, 2022  |  Security & Fraud

U.S. Sens. Bob Menendez and Elizabeth Warren sent a letter (Tuesday) April 26 to Zelle’s parent company, Early Warning Services, asking questions about the rise...

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Ray-Bans Maker Sues JPMorgan, Claiming Bank Could Have Stopped $272M Fraud
Ray-Bans Maker Sues JPMorgan, Claiming Bank Could Have Stopped $272M Fraud
April 26, 2022  |  Legal

Essilor Manufacturing, a unit of the French maker of Ray-Ban glasses, has sued JPMorgan Chase Bank over claims the bank had ignored red flags as...

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Today in Retail: Online Grocery Shopping Jumps 5% in March; Amazon, Ferragamo Shut Down Chinese Counterfeiter’s Belt Production
Today in Retail: Online Grocery Shopping Jumps 5% in March; Amazon, Ferragamo Shut Down Chinese...
April 26, 2022  |  Retail

Today in retail, online grocery adoption rises 5% in March, while Amazon helps stop a Ferragamo counterfeiter. Plus, consumers choose experiences over goods, JCPenney looks...

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Amazon, Fashion Designer Salvatore Ferragamo Help Shut Down Chinese Counterfeiter
Amazon, Fashion Designer Salvatore Ferragamo Help Shut Down Chinese Counterfeiter
April 26, 2022  |  Retail

Amazon’s Counterfeit Crimes Unit (CCU) played a key role in shutting down a Chinese counterfeiter who was making knockoff versions of Salvatore Ferragamo S.p.A.’s Gancini...

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