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.

FTC: Financial Education Services Ran $213M Pyramid Scheme

FTC: Financial Education Services Ran $213M Pyramid Scheme
FTC: Financial Education Services Ran $213M Pyramid Scheme
June 01, 2022  |  Cybersecurity

The Federal Trade Commission (FTC) has acted against credit repair company Financial Education Services, accusing it of running a $213 million pyramid scheme, according to...

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PYMNTS AM Radar: Crypto Counter-Lobby; Big Paycheck Reality Check; Crypto Money Laundering; ICYMI
PYMNTS AM Radar: Crypto Counter-Lobby; Big Paycheck Reality Check; Crypto Money Laundering; ICYMI
June 01, 2022  |  Economy

It’s Wednesday, June 1 and it’s a special day in the NFL due to a recent rule change that allows two players in the off-season...

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Banks’ Battle vs the Fraudsters May Be Won in the Cloud
Banks’ Battle vs the Fraudsters May Be Won in the Cloud
June 01, 2022  |  Fraud Prevention

David Excell, founder of Featurespace, tells Karen Webster how cloud-based and other advanced tech are finding scammers while also surfacing better insights so that legitimate...

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UK to Close Online Advertising Consultation Eyeing Stricter Rules, Regulator
UK to Close Online Advertising Consultation Eyeing Stricter Rules, Regulator
May 31, 2022  |  Legal & Regulation

Google, Meta, TikTok and other companies in the online advertising industry may face a new regulatory landscape in the United Kingdom as a result of...

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PYMNTS AM Radar: Indigestion; Connected Demand; Weaponized Fraud; Super Apps to the Rescue; ICYMI
PYMNTS AM Radar: Indigestion; Connected Demand; Weaponized Fraud; Super Apps to the Rescue; ICYMI
May 31, 2022  |  Delivery

It’s Tuesday, May 31 and President Joe Biden is meeting with Federal Reserve Chair Jerome Powell today to discuss inflation and the state of the...

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Authorized Push Payment Fraud Challenges CFPB’s Open Banking Stance
Authorized Push Payment Fraud Challenges CFPB’s Open Banking Stance
May 30, 2022  |  Legal & Regulation

Despite the absence of specific legislation mandating the use of open banking in the U.S., this practice is growing across the country. Open banking —...

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Fraud Played ‘Significant’ Role in $163B Leak from Pandemic-Era Unemployment System
Fraud Played ‘Significant’ Role in $163B Leak from Pandemic-Era Unemployment System
May 27, 2022  |  Cybersecurity

Fraudsters bilked about $163 billion from the unemployment system during the COVID-19 pandemic, according to the semiannual report to Congress by the Office of Inspector...

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PYMNTS AM Radar: Inflation Side Effects; Downside of Fighting Fraud; Modernizing Spend Management; ICYMI
PYMNTS AM Radar: Inflation Side Effects; Downside of Fighting Fraud; Modernizing Spend Management; ICYMI
May 27, 2022  |  Consumer Payments

It’s Friday, May 27, this year’s kick-off to summer beach days, backyard barbecues and vacation plans. It’s also the start of the three-day weekend that...

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