fraud

The firm owned by Ilhan Omar’s husband, Tim Mynett, has quietly altered its online presence, removing key officer details from its website. This comes as the family faces increasing scrutiny over their sudden wealth accumulation, in the midst of a welfare fraud investigation...

An elderly woman in Westlake was deceived into depositing thousands of dollars into a cryptocurrency ATM by a scammer. This occurred despite multiple warnings from both police and store employees. What Happened: A 71-year-old woman was seen at a Marathon convenience store last...

A previously convicted Ponzi schemer who had received a pardon from President Donald Trump is heading back to prison due to involvement in a new fraudulent scheme. What Happened: Eliyahu Weinstein, a resident of New Jersey, is facing a 37-year sentence for a scam that he initiated shortly after his...

Charlie Javice, a convicted startup founder, is facing allegations of billing JPMorgan Chase & Co. (NYSE:JPM) for personal expenses as part of a $74 million legal claim. What Happened: Javice, who was convicted for defrauding JPMorgan, is believed to have charged the bank for personal...

A Manhattan federal judge declared a mistrial in the high-profile cryptocurrency fraud case involving James and Anton Peraire-Bueno, who are MIT graduates. The brothers were accused of a $25 million fraud related to cryptocurrency. The trial was abruptly ended on Friday after the jury was unable to...

Despite a split decision from the appeals court and mounting pressure from the Justice Department, New York Attorney General Letitia James is persisting with an appeal in a business fraud case against President Donald Trump and his company. What Happened: The appeals court...

President Donald Trump cited remarks made by Russian President Vladimir Putin to support his claims of vote fraud in the 2020 U.S. presidential election. What Happened: In a recent interview with Fox News following his Friday summit meeting with Putin, Trump said that Putin had claimed that the...

The U.S. Department of Justice has filed a civil forfeiture complaint seeking to claim more than $225 million in cryptocurrency allegedly connected to international investment fraud schemes. The action marks the largest crypto seizure to date involving so-called "confidence scams," in which...

Alex Konanykhin, CEO of cryptocurrency company Unicoin, denounced the Securities and Exchange Commission lawsuit against his company on Wednesday, calling the allegations “blatantly false.” What Happened: In a LinkedIn post, Konanykhin expressed shock and disappointment over the...

The U.S. government is hemorrhaging hundreds of billions of dollars every year to fraud, a chunk of which is leeched by sophisticated overseas digital crime rings using stolen identities. What Happened: The Government Accountability Office estimates up to $521 billion in fraud losses annually, but...

Alex Mashinsky, the founder and former CEO of the now-collapsed cryptocurrency lender Celsius Network, was sentenced to a 12-year prison term for securities and commodities fraud on Thursday. What Happened: The sentencing was delivered by U.S. District Judge John Koeltl in Manhattan...

Scammers impersonated Saudi Arabia's Crown Prince Mohammed bin Salman to promote a fraudulent meme coin on Monday. What happened: In now-deleted posts, the X account of the Saudi Law Conference was hacked to shill the so-called Official Saudi Arabia Memecoin.  The now-deleted posts revealed...

In a significant data security incident, 5 million credit and debit card numbers, along with customers’ financial records and personal details, have been exposed, raising the risk of financial fraud and identity theft for millions of Americans. What Happened: The data security company Leakd ...

Alex Mashinsky, the disgraced founder and ex-CEO of cryptocurrency lender Celsius Network, admitted guilt to two counts of fraud on Tuesday. What Happened: Despite his initial plea of not guilty, Mashinsky confessed to two of the seven charges during a hearing before a U.S. District Judge,...

Caroline Ellison, a key accomplice of fallen cryptocurrency mogul Sam Bankman-Fried in the FTX scandal, was sentenced to 24 months in prison by a federal court on Tuesday. However, apart from the quantum of punishment, the remarks made by Judge Lewis Kaplan, who also presided over Bankman-Fried...