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
Matthew C. Browndorf, a 54-year-old California lawyer, has been sentenced to more than five years in federal prison for a brazen scheme that saw him siphon over $2.4 million from his clients’ trust accounts. The funds, meant to be held
The financial services industry is under siege. In an era defined by rapid digital transformation, financial institution groups – encompassing banks, credit unions, brokerage firms, insurance companies, and fintech startups – face an unprecedented wave of sophisticated fraud and scams.
MEMPHIS, TN – A Mississippi woman has admitted to masterminding a sophisticated scheme that defrauded the U.S. government’s Paycheck Protection Program (PPP) of over $5 million. Lisa Evans, 42, of Olive Branch, Mississippi, pleaded guilty to conspiracy to commit wire
Fake Tax Docs & Kickbacks: Inside a $5 Million COVID-19 Relief Fraud Case Read More »
Learn how to identify and avoid cryptocurrency scams in 2025. This comprehensive guide covers the latest scam types, red flags, prevention strategies, and what to do if you’ve been victimized. Stay safe in the crypto world! The world of cryptocurrency
Cryptocurrency Scams: The Ultimate Guide to Avoiding the Latest Threats in 2025 Read More »
Santa Ana, California – October 2024 – In a shocking case of betrayal and financial fraud, Ippei Mizuhara, the former Japanese-language interpreter for Major League Baseball (MLB) superstar Shohei Ohtani, has been sentenced to 57 months in federal prison. Mizuhara, 40,
NEW YORK, NY – In a significant victory for law enforcement against complex international financial crimes, Erick Jason Victoria-Brito, a 30-year-old resident of Hollywood, Florida, has been extradited from the Dominican Republic to the United States to face charges related
The cryptocurrency landscape was rocked to its core on Monday, January 27, 2025 as PEKEN GLOBAL LIMITED (“PEKEN”), the Seychelles-based entity operating the globally renowned cryptocurrency exchange KuCoin, pleaded guilty to a charge of operating an unlicensed money transmitting business.
Crypto Reckoning: KuCoin’s Guilty Plea Exposes Dark Side of Unregulated Exchanges Read More »
This article provides a comprehensive look at advance fee fraud, a deceptive scheme that continues to thrive in 2025 and beyond. We’ll explore the latest trends, emerging threats, and sophisticated tactics employed by fraudsters, offering valuable insights and actionable strategies
Advance Fee Fraud in 2025 and Beyond: Trends, Threats, and Tactics Read More »
From Campaign Finance Violations to Medicare Fraud: The Case of Reginald Fullwood, Jr. JACKSON, Mississippi – The saga of Reginald Fullwood Jr., a former Florida State Representative, took another dramatic turn this week as the 59-year-old was sentenced to 37
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,
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
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
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
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
San Diego, CA – In a shocking case of fraud, a federal grand jury has indicted three individuals for allegedly swindling over 800 elderly authors out of more than $44 million. The scam, orchestrated through a company called PageTurner, Press
Elderly Authors Bilked Out of $44 Million in “Blockbuster Book Deal” Scam Read More »
In an increasingly digital world, the threat of banking fraud looms large, constantly evolving to exploit vulnerabilities in our financial systems and personal habits. While banks and financial institutions invest heavily in security measures, the responsibility of safeguarding assets ultimately
Advanced Banking Security: Defend Against Evolving Fraud Tactics Read More »
Counterfeit checks remain a persistent threat in the modern financial landscape. As technology advances, so do the methods employed by fraudsters to replicate legitimate checks with deceptive accuracy. In 2025, proactive measures are crucial to protect individuals and businesses from
Counterfeit Check Prevention in 2025: A Guide to Safeguarding Your Finances Read More »
Former CEO of CytoDyn and Head of Contract Research Organization Face Decades in Prison for Securities Fraud, Wire Fraud, and Insider Trading In a resounding victory for investor protection, a federal jury in Maryland convicted two high-ranking biotechnology executives for
Mobile, AL – A 30-year-old man from Theodore, Alabama, Sean Donnell White, has been sentenced to 32 months in federal prison for orchestrating a complex web of fraud that preyed on both traditional mail systems and the digital world of
