Pakistani Man Charged with Scamming U.S. out of $315M in COVID Fraud, Taken into Custody in Serbia
A Pakistani Man Arrested in Serbia Over US Fraud Allegations A Pakistani man, suspected of defrauding the U.S. government out of nearly $290 million, has been apprehended in Serbia. Anosh Ahmed arrived in the United States at the age of 13 after his family was granted refugee status. He’s facing accusations of orchestrating a fraudulent […]
Mastercard and Visa linked to illegal gambling sites accused of scamming UK customers | Gambling
MasterCard and Visa are processing payments for illegal gambling websites that have been accused of scaming UK customers from thousands of pounds. Research has shown that despite previous pledges, the payment giant cannot stop the network being used to conduct transactions on unlicensed sites. Last week, MasterCard was offered along with cryptocurrency as a payment […]
Ozy Media’s Carlos Watson ordered to pay $96M for scamming A-Rod, Laurene Powell Jobs and more
Reports show that convicted Ozy Media CEO Carlos Watson and his company are ordered to pay a penalty of about $96 million for his “brave and bold” securities fraud. According to a Brooklyn Federal Court ruling, Watson, who co-founded the company, will need to grant more than $37 million in compensation and a forfeiture of […]
Sean Strickland accuses Khamzat Chimaev of scamming fans
UFC prospect and former champion Sean Strickland has accused popular fighter Khamzat Chimaev of scamming fans using cryptocurrency. Chimaev, a popular fighter known for his dominating performances, was arrested on suspicion of cryptocurrency fraud using a coin called “Smash.” According to the allegation: translation:Chimaev allegedly ran a pump-and-dump scheme that netted him more than $1 […]
Disney accused of ‘scamming’ family out of $12K vacation
A Detroit businessman was planning to take his family on a vacation to Disney World when he was shocked by the $12,000 price tag for the resort and theme park admission. JT Singh, an accountant, investment banker and franchise owner who advises clients on mergers and acquisitions, took to social media platform X to question […]
Mexican cartels are scamming American timeshare owners, FBI warns: ‘Devastating consequences’
Recent research has shown that Mexican drug cartels are targeting wealthy, elderly Americans who own timeshares.news release From the Federal Bureau of Investigation. The FBI reported last week that they’ve seen an increase in timeshare fraud targeting part-time owners. The scams are relatively complex and typically involve three stages, the FBI said. “A powerful network […]
Warren Buffett compares AI to nuclear weapons, warns of scamming potential
“Making Money” host Charles Payne reflected on Warren Buffett’s annual shareholder report in which he praised Charlie Munger. Warren Buffett took a cautious stance on artificial intelligence Saturday at Berkshire Hathaway’s annual meeting, once again likening it to the emergence of nuclear weapons and warning of the potential for fraud. “I don’t know anything about […]
CA Brothers Plead Guilty to Scamming U.S. Postal Service Out of $2.3M
Two brothers from Temecula, California, have pleaded guilty to defrauding the U.S. Postal Service out of more than $2.3 million, authorities announced Friday. The U.S. Attorney’s Office for the Central District of California said in a news release: identified The men are 35-year-old Anwar Fareed Alam and 31-year-old Yousofzai Fahim Alam. The agency elaborated on […]