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.

Bitcoin Daily: SEC Charges Florida Crypto Trader In $6.8M Fraud Case; Salt Lending To Pay $250,000 Fine, Refund ICO Investors; SEC Alleges Swedish National Bilked Crypto Investors Of $1.5M

Bitcoin Daily: SEC Charges Florida Crypto Trader In $6.8M Fraud Case; Salt Lending To Pay $250,000 Fine, Refund ICO Investors; SEC Alleges Swedish National Bilked Crypto Investors Of $1.5M
Bitcoin Daily: SEC Charges Florida Crypto Trader In $6.8M Fraud Case; Salt Lending To Pay...
September 30, 2020  |  Bitcoin

The U.S. Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 million, CoinDesk reported. Get the...

READ MORE >
Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
September 30, 2020  |  Cybersecurity

One day after an Ernst & Young (EY) whistleblower’s warning about potential fraud at Wirecard was made public, the global accounting firm is facing backlash,...

READ MORE >
Bitcoin Daily: Estonia eResidency Participants Connected To Crypto Schemes; KuCoin Freeze Stays In Effect Following Hack
Bitcoin Daily: Estonia eResidency Participants Connected To Crypto Schemes; KuCoin Freeze Stays In Effect Following...
September 29, 2020  |  Bitcoin

People provided access to the online technology of Estonia via an eResidency program are reportedly being connected to digital currency schemes in other countries, Bloomberg...

READ MORE >
FinCEN Director Tells Banks To Look Out For Crypto Fraud
FinCEN Director Tells Banks To Look Out For Crypto Fraud
September 29, 2020  |  Cryptocurrency

Kenneth A. Blanco, director of the Financial Crimes Enforcement Network (FinCEN), said banks need to be wary of risks with cryptocurrency, according to remarks planned...

READ MORE >
Report: EY Whistleblower Called Out Wirecard For Fraud Years Before It Went Bankrupt
Report: EY Whistleblower Called Out Wirecard For Fraud Years Before It Went Bankrupt
September 29, 2020  |  Cybersecurity

An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud...

READ MORE >
Jumio To Integrate Beam’s AML Platform To Boost Financial Crime Detection Capabilities
Jumio To Integrate Beam’s AML Platform To Boost Financial Crime Detection Capabilities
September 29, 2020  |  Partnerships

Jumio, known for its suite of artificial intelligence (AI)-powered identity verification and online know your customer (KYC) products, is beefing up its anti-money laundering (AML)...

READ MORE >
JPMorgan Ups Payment Fraud Protection For SMBs
JPMorgan Ups Payment Fraud Protection For SMBs
September 28, 2020  |  B2B Payments

J.P. Morgan Chase is stepping up its payment fraud protection services for small- to medium-sized businesses (SMBs) to help them combat scam and fraud attempts,...

READ MORE >
Financial Crime-Fighters Turning The Tide Of COVID-Era Fraud
Financial Crime-Fighters Turning The Tide Of COVID-Era Fraud
September 28, 2020  |  Fraud Prevention

Isn’t it just like a crook to exploit a bad situation? COVID-19 is an ideal example, as cold-hearted fraudsters are siphoning off funds designated for...

READ MORE >