Financial Crime

Conceptual illustration of SIM unlocking fraud depicting a cracked padlock on a smartphone screen being manipulated from within, symbolizing insider threats in telecommunications cybersecurity.

Unlocking Trouble: Inside the Richard Sherman SIM Fraud Conspiracy and the Fight Against Telecom Insider Threats

April 29, 2025 FraudsWatch 0

I. Introduction: An Inside Job Shakes the Telecom Sector In a stark illustration of the vulnerabilities lurking within major corporations, a former employee of a multinational telecommunications company recently admitted to orchestrating a sophisticated, long-running […] Read More

Garantex crypto exchange seized domain notice displayed by law enforcement.

Garantex Crypto Exchange Takedown: $96 Billion Money Laundering Network Dismantled in US-Led International Operation

March 8, 2025 FraudsWatch 0

Global Crypto Crackdown: $96 Billion Exchange Garantex Neutralized in International Law Enforcement Action In a landmark coordinated effort, law enforcement agencies from the United States, Germany, and Finland have successfully dismantled the online infrastructure of […] Read More

Conceptual image of hands reaching for COVID-19 relief funds, symbolizing PPP and EIDL loan fraud.

COVID-19 Relief Fraud: The Case of Casie Hynes and the $2 Million+ Scheme – A Deep Dive into Pandemic Loan Abuse

March 2, 2025 FraudsWatch 0

The COVID-19 pandemic brought unprecedented economic challenges, prompting the US government to launch massive relief programs like the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. These initiatives, designed to keep […] Read More

The Future of Check Fraud: How to Protect Yourself in 2025

December 10, 2024 FraudsWatch 0

Despite the rise of digital payments, checks remain a common method of transaction in 2025. This continued reliance makes them an attractive target for fraudsters, who are constantly devising new and sophisticated techniques to exploit […] Read More

NJ Dean Sentenced in $1.3 Million Fraud Case

Teresina DeAlmeida Sentenced to Prison for $1.3 Million Fraud Scheme at NJ Graduate School

December 6, 2024 FraudsWatch 0

Newark, NJ – Teresina DeAlmeida, a 59-year-old former assistant dean at a graduate school in Essex County, New Jersey, has been sentenced to 36 months in prison for orchestrating an elaborate fraud scheme that spanned […] Read More