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Financial Crime

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

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 fraud scheme. Richard Forrest Sherman, 46, pleaded guilty in Newark federal court to wire fraud conspiracy, acknowledging his central role

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

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 Garantex, a significant cryptocurrency exchange accused of facilitating massive money laundering operations. The exchange, which has processed an astounding $96

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

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 businesses afloat and protect jobs, were unfortunately also targeted by fraudsters. The case of Casie Hynes, a 39-year-old woman from

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

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 vulnerabilities. This comprehensive article delves into the intricacies of check fraud in 2025, examining its various forms, the latest trends,

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

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 over a decade. DeAlmeida, along with her co-conspirators Rose Martins (her assistant) and Silvia Cardoso (her sister), siphoned over $1.3

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