Fraud
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Fraud Fears Force German Banks To Freeze Over €10 Billion In PayPal Transfers
German banks temporarily blocked payments worth more than 10 billion euros from PayPal earlier this week after raising alarms about possible fraud.…
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Britain Introduces Law To Let Banks Delay Suspicious Payments: Report
Britain has stepped up efforts to stop the rising fraud cases by proposing new legislation that will give banks more authority to…
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Starling Bank Warns How Voice-Cloning Technology Puts Millions At Risk
In a growing concern for everyday online users, Starling Bank has issued a warning about a new wave of scams using artificial…
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JPMorgan Weighs Lawsuit Against Consumer Watchdog Over Fraud Probe
The increasing scrutiny on Zelle, a US peer-to-peer payment network, has driven JPMorgan Chase to contemplate legal action against the Consumer Financial…
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Mastercard To Use Generative AI For Card Fraud Detection
American payment card service Mastercard is implementing generative AI technology to combat credit card fraud. As one of the largest credit card…
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FTX’s Sam Bankman-Fried Sentenced to 25 Years In Prison, Ordered To Forfeit $11 Billion
FTX’s founder Sam Bankman-Fried’s legal woes reached a climax this week after he was sentenced to 25 years in prison on Thursday…
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Sam Bankman-Fried’s Fate Hangs In Balance As Prosecutors Seek 40-50 Year Prison Term
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, may face 40 to 50 years in prison as federal prosecutors argue he orchestrated…
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CFTC Warns Against Trusting AI-Generated Trading Claims
The Commodity Futures Trading Commission (CFTC) has issued an advisory highlighting the rise of artificial intelligence (AI) scams targeting unsuspecting individuals. According…
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FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison
A key ally of Sam Bankman-Fried has turned himself in to the authorities investigating fraud that led to the collapse of FTX,…
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SEC Charges Sam Bankman-Fried for ‘Orchestrating Year-Long Fraud’ Against Equity Investors
The US Securities and Exchange Commission (SEC) announced Thursday that it had filed a complaint against FTX’s former CEO Sam Bankman-Fried ‘SBF’…