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.

NYC Taxi Commission Accused Of $810 Million Fraud
NYC Taxi Commission Accused Of $810 Million Fraud
February 21, 2020  |  Security & Fraud

New York Attorney General Letitia James announced plans to sue New York City for allegedly fraudulent practices by its Taxi and Limousine Commission (TLC), according...

READ MORE >
FTC Fines Office Depot; Refunds Consumers For Virus Scam
FTC Fines Office Depot; Refunds Consumers For Virus Scam
February 20, 2020  |  Security & Fraud

The Federal Trade Commission (FTC) has sent $34 million to victims of a scheme by Office Depot and a separate software provider that encouraged them...

READ MORE >
Swiss Bank Chided For Alleged FIFA, Venezuela Fraud
Swiss Bank Chided For Alleged FIFA, Venezuela Fraud
February 20, 2020  |  Security & Fraud

Swiss bank Julius Baer is being scolded by Switzerland’s financial watchdog for failing to notice money-laundering threats connected to deception in Venezuela and FIFA, the...

READ MORE >
Bitcoin Daily: Gemcoin Founder Pleads Guilty In $147M Fraud Case; Dubliner Forfeits $67.6M In Bitcoin As Part Of Drug Case
Bitcoin Daily: Gemcoin Founder Pleads Guilty In $147M Fraud Case; Dubliner Forfeits $67.6M In Bitcoin...
February 20, 2020  |  Bitcoin

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to...

READ MORE >
Fraud Decisioning Orchestrates A Response
Fraud Decisioning Orchestrates A Response
February 19, 2020  |  Security & Fraud

Some people think the best thing about the Pennsylvania-based convenience store and fuel chain Wawa is their absurdly delicious jalapeño-stuffed pretzels, oozing with molten cheese....

READ MORE >
Bitcoin Daily: IRS To Meet With Crypto Groups; Thieves Take $630,000 In Ether From Lender bZx
Bitcoin Daily: IRS To Meet With Crypto Groups; Thieves Take $630,000 In Ether From Lender...
February 19, 2020  |  Bitcoin

The IRS has invited cryptocurrency groups to meet for a regulatory summit March 3 to discuss how the two can work together going forward, published...

READ MORE >
How Cisco Is Building The Smart Cities Of The Future
How Cisco Is Building The Smart Cities Of The Future
February 18, 2020  |  Intelligence of Things

The global smart city market is set to reach $252 billion by 2025. To keep smart city initiatives secure, there’s a growing need for stringent...

READ MORE >
Deep Dive: Orchestrating Complex Authentication And Fraud Decisioning
Deep Dive: Orchestrating Complex Authentication And Fraud Decisioning
February 18, 2020  |  Fraud Prevention

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 >
Rebuilding Document Authentication For A Faster-Paced Planet
Rebuilding Document Authentication For A Faster-Paced Planet
February 18, 2020  |  Authentication

Technology tends come with much advanced promotion — for the good reason that the more novel an idea, the more time needs to be spent...

READ MORE >