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 Alleges Man Faked 120 Employees To Get $3M PPP Loan
DOJ Alleges Man Faked 120 Employees To Get $3M PPP Loan
June 23, 2020  |  Security & Fraud

A 44-year-old Texas man, Fahad Shah, was charged with fraud for allegedly attempting to file fake loan applications for the Paycheck Protection Program (PPP), according...

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German Finance Minister Calls For Regulatory Reform Amid Wirecard Scandal
German Finance Minister Calls For Regulatory Reform Amid Wirecard Scandal
June 23, 2020  |  Regulation

Hours after Wirecard AG’s former CEO was arrested, German Finance Minister Olaf Scholz said lawmakers must tighten regulations because the payment services company has embarrassed...

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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction
Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction
June 23, 2020  |  B2B Payments

New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. Get the Full Story Complete the...

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Consumers Duped By ‘Risk-Free Trials’ To Get $8.7M In Refunds From FTC
Consumers Duped By ‘Risk-Free Trials’ To Get $8.7M In Refunds From FTC
June 22, 2020  |  Security & Fraud

The Federal Trade Commission (FTC) is sending out over $8.7 million in refunds to 187,425 customers who were reportedly signed up for non-consensual payment plans...

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Cognizant Corporate Cards Targeted In Cyberattack
Cognizant Corporate Cards Targeted In Cyberattack
June 22, 2020  |  B2B Payments

A cyberattack from Maze ransomware against global business and tech firm Cognizant mostly hit the company’s corporate cards that had been issued to employees, the...

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New Zealand Seizes $90M In Bitcoin Fraud Case
New Zealand Seizes $90M In Bitcoin Fraud Case
June 22, 2020  |  Security & Fraud

New Zealand police have frozen $90 million they say belongs to alleged bitcoin scammer Alexander Vinnik in what’s being called the country’s largest money seizure ever....

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Visa Launches Advanced Identity Score To Help FIs Fight Application Fraud
Visa Launches Advanced Identity Score To Help FIs Fight Application Fraud
June 22, 2020  |  VISA

It’s the battle against fraud that can be lost right at the beginning. Get the Full Story Complete the form to unlock this article and...

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Bitcoin Daily: SEC Freezes Crypto Fund Touting 100 Pct Returns
Bitcoin Daily: SEC Freezes Crypto Fund Touting 100 Pct Returns
June 22, 2020  |  Cryptocurrency

The Securities and Exchange Commission has filed a lawsuit to freeze the assets of two brothers allegedly engaged in “an offering fraud” and in misappropriating...

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eBay’s Head Of Payments On Localizing Buyer-Seller Experiences
eBay’s Head Of Payments On Localizing Buyer-Seller Experiences
June 19, 2020  |  Payments Innovation

Merchants looking to expand their operations at home and abroad must be able to support their customers’ preferred payment methods, but doing so is no...

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