Bank fraud
Police in Kolkata have apprehended two individuals, Anirban Ghosh and Priyanka Sahu, accused of masterminding a significant cryptocurrency scam worth Rs 25 crore. The duo was arrested after a complaint was lodged at the Shakespeare Sarani Police Station, alleging that they had deceived an investor into investing in a cryptocurrency
Banks (Finance)
The Federal Financial Supervisory Authority (BaFin) is warning consumers about the services offered on the website family-office-management.com, which supposedly provides term deposit investments supposedly provided by FAM Family Office and Asset Management GmbH. BaFin has identified the unknown operators as offering banking business, financial, and investment services without the
Banks (Finance)
Bangladeshi authorities have taken swift action to combat a major fraud involving National Savings Certificates (NSC). The Bangladesh Financial Intelligence Unit (BFIU) of the Bangladesh Bank (BB) has frozen three bank accounts linked to the scam, which resulted in the embezzlement of Tk 2.5 million. The fraudsters exploited the
Bank fraud
The Central Bureau of Investigation (CBI) has booked a private firm and its two directors for allegedly cheating Canara Bank of Rs.56.63 crore by diverting loan funds and submitting fabricated documents. The case revolves around R Private Limited, a manufacturer of aluminum products, which allegedly misappropriated funds sanctioned
Banks (Finance)
The Hong Kong Monetary Authority (HKMA) has issued a scam alert related to a phishing scam involving Industrial and Commercial Bank of China (Asia) Limited. The scam involves phishing instant messages from ICBC Asia, which attempt to deceive customers into providing sensitive information or conducting transactions. This is not the
Banks (Finance)
Recent statistics from Statistics Canada reveal a staggering 12% increase in police-reported fraud from 2022 to 2023, with authorized push payment (APP) fraud being a particularly concerning type. Young Canadians are disproportionately affected, and with the rise of social media and electronic payment methods, they are more vulnerable to APP
Banks (Finance)
HSBC has confirmed it will provisionally set aside £826m after losing part of an appeal in a Luxembourg court ruling last Friday. The lawsuit was brought by Herald Fund SPC, which seeks to recover losses linked to Bernard Madoff's investment fraud. Madoff's Ponzi scheme, one of
Administration of justice
Attorney General Letitia James made her first court appearance in Virginia, pleading not guilty to federal mortgage fraud charges, fueling concerns that the Trump administration is using the justice system to seek revenge against its critics. James's appearance sets the stage for a high-stakes legal battle between the
Attorneys general
New York's Attorney General Letitia James is facing bank fraud and false statements charges, with President Trump's administration pushing the Justice Department to prioritize her prosecution. This move is part of a larger campaign to exact retribution against those who have crossed the president, including Democratic
Attorneys general
The Trump administration is waging a multi-pronged campaign to define retribution in President Trump's second term, with a focus on Attorney General Letitia James, who has been a thorn in the administration's side. The Justice Department's indictment of Ms. James on bank fraud and
Banks (Finance)
Millions of Indians fall victim to cyber-attacks every year, particularly during festive periods. A recent report by CERT-In shows a 45% spike in cyber-attacks during festivals, with phishing and fake messages causing billions of rupees in losses. Scammers exploit the festive season by hiding threats in innocent greetings, making awareness
Banks (Finance)
Global markets, including the FTSE 100, took a sharp hit as investors reacted to concerns of fraud at US regional banks, with the FTSE 100 closing down 0.9% and the FTSE 250 falling 1%. The rout was sparked by fears surrounding Zions Bancorp and Western Alliance, which revealed they
