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.

Sam Bankman-Fried’s Defense Team Says Prosecutors’ Proposed Sentence Is ‘Medieval’
Sam Bankman-Fried’s Defense Team Says Prosecutors’ Proposed Sentence Is ‘Medieval’
March 20, 2024  |  Legal

Sam Bankman-Fried’s defense team said Tuesday (March 19) that the prosecution’s proposed 40- to 50-year prison sentence is based on a “distorted” narrative and a...

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AutoSettle Launches Car-Buying Platform in Australia
AutoSettle Launches Car-Buying Platform in Australia
March 20, 2024  |  eCommerce

FinTech startup AutoSettle launched a platform to improve the vehicle-buying process in Australia. Get the Full Story Complete the form to unlock this article and enjoy...

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Fighting Fraud With AI: Part Man, Part Machine, All Cop
Fighting Fraud With AI: Part Man, Part Machine, All Cop
March 20, 2024  |  Artificial Intelligence

In financial services, technological advances open new doors and new avenues for fraud. Get the Full Story Complete the form to unlock this article and...

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Ethiopian Banking Glitch Lets Consumers Withdraw Unlimited Funds
Ethiopian Banking Glitch Lets Consumers Withdraw Unlimited Funds
March 19, 2024  |  Security & Fraud

A banking glitch in Ethiopia reportedly let customers withdraw unlimited funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Australia Payments Plus Picks Swift to Battle Payments Fraud
Australia Payments Plus Picks Swift to Battle Payments Fraud
March 19, 2024  |  Security & Fraud

Australian Payments Plus (AP+) has chosen Swift to assist in improving the country’s payment capabilities. Get the Full Story Complete the form to unlock this article...

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DOJ Targets ‘Fake It Till You Make It’ Tech Startups
DOJ Targets ‘Fake It Till You Make It’ Tech Startups
March 19, 2024  |  Regulation

A top federal prosecutor is reportedly targeting startups that defraud investors ahead of going public. Get the Full Story Complete the form to unlock this...

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New Nacha Fraud Rules Highlight Utility of AI
New Nacha Fraud Rules Highlight Utility of AI
March 18, 2024  |  Security & Fraud

For financial institutions and stakeholders, the twin threats of business email compromise (BEC) and credit-push fraud demand more monitoring — and advanced technologies to do...

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FIS and Stratyfy Team to Combat Card Fraud
FIS and Stratyfy Team to Combat Card Fraud
March 18, 2024  |  Partnerships

FIS joined forces with software firm Stratyfy to combat fraudulent card transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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SEC: Investment Advisers Made Phony AI Claims
SEC: Investment Advisers Made Phony AI Claims
March 18, 2024  |  Security & Fraud

Federal regulators have charged two investment advisers with making fraudulent claims about their AI usage. Get the Full Story Complete the form to unlock this...

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