Seven individuals from Northeast Ohio charged with Medicaid fraud
Medicaid Fraud Accusations in Ohio CLEVELAND, Ohio – Ohio Attorney General Dave Yost announced on Friday that ten individuals are facing allegations of Medicaid fraud. According to Yost, seven of the accused are from northeast Ohio, and the total amount involved in the theft is estimated at $1.9 million. Here’s a brief overview of the […]
New York files suit against Zelle’s parent company, claiming it engaged in severe consumer fraud.
New York Sues Zelle’s Parent Company Over Fraud Concerns New York Attorney General Letitia James is leading a lawsuit against the parent company of the digital payment service Zelle. This action, which was initiated on Wednesday, focuses on Earty Warning Services, LLC (EWS), a company largely owned by major banks like Bank of America, JPMorgan […]
Priscilla Presley is being sued for $50 million by her business partners over fraud allegations.
Priscilla Presley is facing serious allegations in a $50 million lawsuit filed in Los Angeles, claiming she engaged in fraud, concealment, and took advantage of her daughter Lisa Marie’s death. According to her former business partners, Bridget Cruze and Kevin Fialco, Priscilla allegedly made a premeditated move shortly after Lisa Marie’s passing, attempting to exert […]
Plaid’s CEO Zach Perret discusses AI fraud, FedNow, and how U.S. banks can match their global counterparts.
Plaid’s Evolution and Challenges in Fintech Plaid launched back in 2013, aiming to bridge the gap between banks and the Internet. Fast forward a decade, and this fintech leader is now connecting over 10,000 banks and financial institutions in the U.S. to popular apps like Venmo, Sofi, Crypto.com, Acorns, Robinhood, H&R Block, and Citi. It’s […]
New York files a lawsuit against Zelle, claiming security failures caused $1 billion in consumer fraud losses.
Zelle is facing a lawsuit filed by New York Attorney General Letitia James, who claims the platform neglected to implement essential safety measures that could potentially cost consumers over $1 billion. This legal action takes place in a Manhattan court and follows a decision by the U.S. Consumer Financial Protection Agency earlier this year to […]
Former news anchor confessed to COVID fraud plan in message to husband: ‘We don’t really meet the criteria’
A former TV news anchor—who was nominated for an Emmy—has been caught up in a significant Covid fraud scandal involving a billion-dollar scheme. Stephanie Hockridge Reis, once a familiar face at a local Phoenix station, now a fintech startup entrepreneur, sent her husband Nathan Reiss a shocking text. This text came after she applied for […]
CJNG Cartel Arrested for $300M Timeshare Fraud in Puerto Vallarta Aiming at Americans
Treasury Targets Individuals Linked to Timeshare Fraud Schemes The U.S. Treasury has sanctioned several individuals connected to violent cartels involved in scams aimed at American timeshare owners in popular tourist areas of Mexico. This includes hundreds of millions of dollars in fraudulent activities, particularly affecting older Americans, who risk losing their life savings. The sanctions […]
New York files a lawsuit against Zelle, claiming inadequate protections against fraud
New York has launched a lawsuit against the parent company of the e-payment platform Zelle, alleging that it failed to implement adequate protective measures to safeguard consumers from fraud. Attorney General Letitia James has accused Early Warning Services, which is the largest bank-owned financial technology firm in the U.S., of hastily rolling out Zelle to […]
Treasury takes action against a ‘brutally violent’ cartel for timeshare fraud in a tourist spot, advises Americans
U.S. Treasury Sanctions Individuals and Companies Linked to Timeshare Scams The U.S. Treasury Department has sanctioned a network of individuals associated with violent cartels involved in a scheme targeting American timeshare owners in Mexico. Reports indicate that these scams have involved unauthorized charges amounting to hundreds of millions of dollars. Officials urge U.S. timeshare owners […]
Crypto leader Do Kwon, recognized as ‘the cryptocurrency king,’ admits to fraud charges.
Do Kwon Pleads Guilty to Fraud Charges Following Crypto Collapse NEW YORK – South Korean cryptocurrency figure Do Kwon admitted guilt on Tuesday to two counts of fraud linked to the $40 billion downfall of a cryptocurrency ecosystem that assured investors their funds were secure. Kwon, aged 33 and often referred to as the “Cryptocurrency […]