Trump judge in $370M fraud case wants to know if ex-Trump Org. CFO Allen Weisselberg lied on the stand
The judge considering the verdict in the $370 million fraud case against Donald Trump wants to know whether the former Trump Organization committed any wrongdoing. CFO Allen Weisselberg reclined on the stage during the trial. Manhattan Supreme Court Justice Arthur Engoron, who expects to rule on the case against the former president by mid-February, has […]
John Paulson to face fraud claim over $17M luxury dealership investment
A Puerto Rican judge has rejected billionaire John Paulson’s bid to dismiss a fraud lawsuit brought by his former business partner over a $17 million investment in a luxury car dealership. U.S. District Judge Camille L. Velez Rib in San Juan, Puerto Rico, on Monday allowed Fahad Ghaffar to proceed with his securities fraud and […]
Big Bank Owes Millions of Dollars to Customers After Failing to Protect and Reimburse Victims of Fraud for Years: New York Attorney General – The Daily Hodl
New York state is suing one of the nation’s largest banks, accusing it of implementing weak security measures, deceiving customers about their rights and refusing to refund fraud victims as required by law. New York Attorney General Letitia James To tell Her office decided to sue Citibank after the bank failed to protect its customers […]
Americans lose billions as expert says median fraud losses double
Fraud and fraud in the banking system will cost Americans billions of dollars in 2022, experts told a Senate committee Thursday. And that number will continue to grow unless Congress issues the necessary updates and holds companies more accountable. The median loss from fraud more than doubled from 2020 to 2022, from $311 to $650, […]
Top Atlantic City politico charged in absentee ballot fraud case
A former Atlantic city councilman who went to prison for bribery and sexual extortion is facing charges again. Craig Carraway, 64, is a popular political organizer and operative in and around Atlantic City, known for his ability to deliver large numbers of absentee ballots to election officials that often determine the outcome of elections. . […]
Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300% – CNBC
BARCELONA, SPAIN – MARCH 1: Display of the MasterCard company logo on the stand during Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis, Getty Images) Joan Cross Garcia – Corbis | Corbis News | Getty Images Ajay Bhalla, president of Mastercard’s cyber intelligence business, told CNBC that the […]
Indian origin man sentenced for $2.8 million healthcare fraud in US – Hindustan Times
A US court has sentenced an Indian man to nine years in prison for his role in a massive healthcare fraud that defrauded Medicare of approximately $2.8 million. Indian man sentenced to 9 years in prison in US for $2.8 million healthcare fraud {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Yogesh K. Pancholi, 43, of Northville, Michigan, was […]
Sotheby’s defeats Russian oligarch in art fraud case
A federal jury on Tuesday ruled in favor of Sotheby’s in a case in which Russian billionaire Dmitry Rybolovlev accused the auction house of defrauding him of tens of millions of dollars from art sales. Mr. Rybolovlev claimed that Sotheby’s colluded with Swiss art dealer Yves Bouvier to sell four items, including the Christ statue […]
Citibank sued over failure to defend customers against hacks, fraud – BleepingComputer
New York Attorney General Letitia James accused Citibank of failing to protect customers from hacking and fraud and refusing to refund victims after allowing fraudsters to steal millions of dollars from their accounts. sued. The New York State Attorney General’s lawsuit against Citibank alleges that the financial institution also illegally refused to repay fraud victims, […]
Australian Sam Lee charged with conspiracy to commit fraud in US for role in $1.89bn 'Ponzi scheme' – The Guardian
Australian blockchain entrepreneur Sam Lee has been charged with conspiracy to defraud in the United States for his alleged involvement in operating the HyperVerse crypto investment scheme that allegedly defrauded investors of US$1.89 billion. Court documents describe it as a “pyramid scheme and pyramid scheme.” (A$2.86 billion). Erec L. Barron, the U.S. attorney for Maryland, […]