A “Fraud News From World” directory is a collection of news articles about fraud and scams from around the world. These directories can be a valuable resource for staying informed about the latest scams and how to protect yourself from them. The directory typically includes information about the scam, such as the type of scam, the target audience, the location of the scam, and the date of the scam. It may also include information about how to protect yourself from the scam, such as how to identify a phishing email or how to report a scam to the authorities.
SAN FRANCISCO, CA (January 25, 2025) – In a shocking development that has sent ripples through Silicon Valley, Alexander Charles Beckman, founder and former CEO of chatbot startup GameOn Technology (also known as GameOn or ON Platform), and his wife, attorney Valerie Lau Beckman, have been indicted on a sweeping 25-count indictment alleging a multi-year […]
NEW YORK, NY (January 20, 2025) – In a significant development underscoring the importance of robust anti-money laundering (AML) compliance, Dubai-based money exchange service provider, Wall Street Exchange (WSE), has entered into a non-prosecution agreement (NPA) with U.S. authorities, agreeing to pay over $9 million to settle a bank fraud investigation. The case, announced today
ATLANTA, GA – In a stark reminder of the risks lurking within the often-opaque world of private investment, Craig Allen, the founder and executive officer of Atlanta-based C.M. Allen Capital Management, Inc., has been sentenced to seven years and two months in federal prison. Allen’s conviction stems from a sophisticated investment fraud scheme involving a
The COVID-19 pandemic brought unprecedented challenges, not just in terms of public health but also in economic stability. To mitigate the financial fallout, the U.S. government implemented several relief programs, including the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP). While these programs were lifelines for many struggling businesses, they also became
In a significant move towards addressing systemic inequalities in the financial sector, the Justice Department has announced a landmark settlement with SouthEast Bank. The Tennessee-based institution has agreed to pay $1.5 million to resolve allegations of engaging in discriminatory lending practices. The bank’s policies disproportionately denied Black and American Indian/Alaska Native (AI/AN) graduates the opportunity
Philadelphia, PA – A prominent Pennsylvania investment advisor, Scott Mason, 66, of Gladwyne, faces a litany of federal charges including wire fraud, securities fraud, investment advisor fraud, and filing false tax returns, after allegedly orchestrating a sophisticated scheme that defrauded clients out of more than $17 million. United States Attorney Jacqueline C. Romero announced the
WASHINGTON, D.C. – The United States Supreme Court has delivered a landmark decision in the closely watched case of TikTok, et al. v. Garland, upholding a recently passed law that compels the Chinese-owned social media giant TikTok to either divest from its parent company, ByteDance, or face a ban in the United States. The ruling,
NEW YORK – In a significant blow to its reputation and finances, American Express Company (AMEX) has agreed to a hefty settlement exceeding $138 million after admitting to deceptive sales practices involving two of its wire transfer products, Payroll Rewards and Premium Wire (PR/PW). The settlement, announced by Judy Philips, Acting United States Attorney for
WASHINGTON, D.C. – In a decisive move underscoring the U.S. government’s commitment to enforcing environmental regulations, the Department of Justice (DOJ) and the Environmental Protection Agency (EPA) have announced a landmark settlement agreement with French industrial conglomerate Fayat S.A.S. and nine of its subsidiaries. The agreement, which includes a hefty $11 million civil penalty and
American Express, a titan in the financial industry, recently found itself in hot water after the United States Department of Justice (DOJ) levied a hefty $108.7 million civil penalty against the company. This significant settlement stems from allegations of deceptive marketing practices, falsified information, and violations of the Financial Institutions Reform, Recovery and Enforcement Act
