Tagged: fraud

October 27, 2026 @ 9:13 am By Tony Zerucha  |  

Relay’s Cash Flow Compass chronicles SMB challenges Relay, a business banking platform, has released its latest Cash Flow Compass. It shows how small business owners must contend with too-rapid growth, legacy financial setups, and financial shocks. Other key findings: Unexpected cash flow issues edged down… Read More

October 27, 2026 @ 5:33 am By Omar Faridi  |  

An Argentine federal judge on Friday afternoon terminated the criminal probe into President Javier Milei, his sister Karina Milei, and nine additional individuals connected to the February 2025 launch and rapid collapse of the $LIBRA meme coin. Federal Judge Marcelo Martínez de Giorgi of National… Read More

October 26, 2026 @ 11:18 pm By Omar Faridi  |  

A Rochester man has been sentenced to more than four years in federal prison for his role in a multi-layered fraud operation that converted unauthorized credit-card charges into Bitcoin and routed the digital currency to associates. Timothy Wadsworth, 35, received a 51-month term after convictions… Read More

October 26, 2026 @ 10:11 pm By Omar Faridi  |  

Federal authorities in Connecticut have accused a Meriden tax preparer of systematically inserting fictitious cryptocurrency and stock losses onto clients’ returns even though the taxpayers never held the assets in question. The allegations form one element of a wider set of charges that also encompass… Read More

October 25, 2026 @ 6:04 pm By Omar Faridi  |  

Etsy (NYSE: ETSY) is introducing tighter rules on artificial intelligence across its marketplace after determining that buyer uncertainty over AI-generated listings has become one of the top three obstacles preventing people from shopping more frequently on the platform. The company outlined the changes in a… Read More

October 22, 2026 @ 8:25 am By Omar Faridi  |  

As part of a rather significant and very recent coordinated effort against organized online crime, authorities in the United Arab Emirates have spearheaded a three-month international operation that identified more than $39 billion in funds and digital assets connected to fraudulent schemes. The initiative, known… Read More

October 20, 2026 @ 9:33 am By Omar Faridi  |  

Thai immigration authorities have taken a 37-year-old Chinese national into custody in Bangkok following a multi-year search linked to an alleged transnational criminal operation. Officers from Immigration Division 3 located and detained the man, identified in Thai media reports as Wu Chaoshuai, at a luxury… Read More

October 18, 2026 @ 3:14 pm By Omar Faridi  |  

Turkish Justice Minister Akın Gürlek has officially confirmed that Richard James Schueler, the U.S. citizen widely known as Richard Heart and the founder of the Hex and PulseChain cryptocurrency projects, was taken into custody in Istanbul. The detention took place on October 14, 2026, during… Read More

October 17, 2026 @ 6:11 am By Omar Faridi  |  

Brooklyn prosecutors have dismantled the core online infrastructure of a far-reaching cryptocurrency investment fraud that preyed on Russian-speaking residents of the United States, with a disproportionate number of victims in Brooklyn itself. District Attorney Eric Gonzalez disclosed on October 14, 2026, that his office’s Virtual… Read More

October 16, 2026 @ 10:34 am By Omar Faridi  |  

US District Judge Alvin K. Hellerstein of the Southern District of New York (SDNY denied a joint motion by the Commodity Futures Trading Commission (CFTC) and Gemini Trust Company LLC seeking to vacate a consent order entered on January 6, 2025. The order resolved a 2022… Read More

October 14, 2026 @ 10:15 pm By Omar Faridi  |  

Federal prosecutors in the Eastern District of New York have charged a dual US and Israeli citizen who operated a Florida-based ransomware recovery firm with wire fraud, alleging he misled clients by promising specialized decryption capabilities while quietly paying off the same cybercriminals who had… Read More

October 14, 2026 @ 2:56 am By Omar Faridi  |  

Payments related fraud is rising worldwide, and a recent Coinbase (NASDAQ: COIN)  evaluation has shown that simply moving to newer large language models does not automatically improve specialized fraud detection. In its “Owning Intelligence” engineering series, published in early October 2026, crypto exchange Coinbase detailed… Read More

October 9, 2026 @ 11:09 am By JD Alois  |  

Ledger is investigating reports of loss of funds. This is based on the company’s own statements, as well as external comments and reporting. In a post on X, Ledger stated that they are reviewing pilfered funds in Southeast Asia from users who purchased their products… Read More

October 8, 2026 @ 11:41 am By Omar Faridi  |  

A federal judge in Los Angeles has sentenced Adam Iza, the 26-year-old self-described cryptocurrency figure who called himself “The Godfather,” to 78 months in prison and ordered him to pay $23,402,766 in restitution after he admitted using money from a large Meta (NASDAQ: META) advertising… Read More

October 6, 2026 @ 10:56 pm By Omar Faridi  |  

Greek authorities have reportedly taken down a suspected cryptocurrency pyramid that investigators say pulled in roughly eight to nine million dollars by telling participants their deposits would double in about fifty days. Officers from the Katerini Crime Prosecution and Investigation Sub-Directorate led a months-long inquiry… Read More

October 4, 2026 @ 3:52 pm By Omar Faridi  |  

On Thursday, October 2, 2026, attackers briefly seized Microsoft’s (NASDAQ: MSFT) official account on X and used the company’s enormous audience to push a speculative token built around Clippy, the long-retired Office paperclip assistant. The @Microsoft profile, which has more than 13 million followers, was under… Read More

October 1, 2026 @ 11:52 pm By Omar Faridi  |  

Fraudsters drained more than 766 ETH—valued by the community at roughly $2 million—by launching a counterfeit Ethereum Layer 2 that posed as GIWA before the real network ever went live. GIWA is an OP Stack project from Dunamu, the operator of South Korea’s Upbit exchange…. Read More

October 1, 2026 @ 3:26 am By Omar Faridi  |  

Investors who lost money in a long-running fake cryptocurrency scheme have taken a meaningful step toward partial reimbursement after a London court issued confiscation orders against the two men already serving prison sentences for the crime. Southwark Crown Court directed Raymondip Bedi to pay £603,404.28… Read More

September 30, 2026 @ 1:35 pm By Omar Faridi  |  

Federal prosecutors in Massachusetts have opened a civil forfeiture case aimed at recovering digital assets they say are connected to a 2023 account takeover that drained 33.7 bitcoin from a single Coinbase (NASDAQ:COIN) login. According to court papers, a beneficiary of a Massachusetts family trust… Read More

September 29, 2026 @ 4:37 pm By Omar Faridi  |  

Aiden Pleterski, the Ontario man who branded himself a “crypto king” on social media, is scheduled to stand trial next week on fraud and money-laundering charges without a lawyer. An Ontario Superior Court judge rejected his last-minute bid for more time to hire counsel, meaning… Read More