Fraud
In a major crackdown on transnational inheritance fraud, three defendants extradited from the United Kingdom have been sentenced to prison for their roles in a complex scheme that targeted elderly victims in the United States. According to court documents, Iheanyichukwu Jonathan Abraham, 44, was part of a group of fraudsters
Fraud
Police arrested two IT company executives in Bangkok and Pathum Thani provinces for allegedly defrauding over 70 million baht in value-added tax (VAT). The suspects, Suwat and Saichon, face charges of colluding to evade tax obligations and failing to issue tax invoices. The investigation revealed discrepancies in the company'
Fraud
The Economic and Financial Crimes Commission (EFCC) has obtained a court order to detain Sijibomi Ogundele, the CEO of Sujimoto Luxury Construction Limited, in connection with allegations that his company failed to deliver 22 Smart Green School projects in Enugu State. The company was paid over N5.7 billion by
Fraud
A Nigdi-based advocate and a Kolhapur resident were arrested for allegedly duping a building contractor from Moshi out of Rs2.65 crore. The duo offered the contractor a promise of depositing Rs112 crore in his bank account for 10 years, with the option to use a part of the interest
Fraud
A Tennessee man has pleaded guilty to tax crimes and wire fraud for his role in a scheme to claim fraudulent refunds based on false COVID-19 employment tax credits. Edward Zanes, of Kingsport, Tennessee, conspired with others to file false tax returns seeking refunds based on the employee retention credit
Fraud
Mukesh Jawarimal Mehta, a trustee of Bafna Charitable Trust, has filed a complaint against Suresh S. Bafna, Rajkumar S. Bafna, Vimla Navlakha, and Sudhir Navlakha, alleging that they misappropriated the trust's funds by selling trust-owned land and diverting the proceeds for personal gain. The accused allegedly sold the
Fraud
A Brooklyn jury has convicted Yveler Marcellus of conspiracy to commit money laundering and conspiracy to commit mail and wire fraud. The scheme, which lasted from January 2022 to December 2023, targeted dozens of vulnerable victims in the United States, netting over $12 million. Marcellus's co-conspirators, based in
Fraud
The UK's tax authority, HM Revenue and Customs (HMRC), has significantly increased the number of staff trained in surveillance to combat tax evasion, new data reveals. While the overall number of staff working for HMRC's fraud investigation service has slightly decreased over the past three years,
Fraud
A Gujarati man, Ankur K Patel, 41, of Brookfield, has been indicted for laundering more than $1 million obtained from elderly victims in a fraud scheme known as the 'Phantom Hacker'. The scam targets older individuals, who are contacted by criminals posing as customer service representatives or government
Fraud
The Croatian anti-corruption office, USKOK, has launched an investigation against six individuals and one company suspected of fabricating invoices for fictitious timber sales, falsifying tax returns, and laundering money through investments in cryptocurrencies, gold, and loans. The group allegedly defrauded the state budget of €831,000 and gained at least
Fraud
In a shocking case of exploitation, a private travels company in South India has lodged a complaint with the cybercrime police alleging that 54 individuals exploited a loophole in their e-ticket booking system, cheating the company out of over Rs 3 crore. The loophole, which was identified between May and
Fraud
Senator Catherine Cortez Masto (D-Nev.) has introduced the Stop the Scammers Act, a bill aimed at restoring critical funding to the Consumer Financial Protection Bureau (CFPB) and increasing protections for consumers from scams and fraud. The legislation comes in response to the Republican tax bill, which slashed CFPB funding in
