Fraud
The Odisha Director General of Police, Vinyatosh Mishra, has called on banks to take immediate corrective measures to counter the growing threat of cyber crime in the state. The warning comes in the wake of several high-profile scams, including investment and trading scams, digital arrest scams, fake job and work-from-home
Fraud
Ravindra Singh Chauhan, a cook from Bhind, Madhya Pradesh, received a notice from the Income Tax Department alleging that his bank account, opened in his name, was linked to suspicious transactions worth Rs 46.18 crore. The cook claims that his yearly transactions do not exceed Rs 3 lakh, making
Fraud
U.S. District Judge Roy B. Dalton sentenced James Fednor Meristin to three years in federal prison for conspiracy to defraud the United States, a scheme uncovered by the Internal Revenue Service (IRS) that involved preparing and filing false tax returns for clients. Meristin and his co-conspirators operated a tax
Fraud
The National Assembly is poised to prioritize digital assets, financial crime prevention, and fintech platforms as part of an effort to bolster capital market regulations. Market watchers suggest that key legislations will focus on establishing security token offerings (STOs), legal frameworks, and financial fraud responses powered by artificial intelligence (AI)
Fraud
The income tax department has launched an investigation into alleged fraudulent deductions from taxable income claimed by individual taxpayers in Buldhana, Chandrapur, and Latur districts. A total of 1,500 returns were scrutinized, resulting in the discovery of fake deductions under Section 80G and exemptions under Section 10. The investigation
Fraud
The United States Court of Appeals for the Third Circuit has ruled in the case of Murrin v. Commissioner that taxpayers are still liable for errors and inaccuracies on their tax returns, even if caused by their preparer's fraudulent intent. The decision affirms the U.S. Tax Court&
Fraud
Washington D.C. Attorney General Brian L. Schwalb has filed a lawsuit against bitcoin ATM operator Athena Bitcoin Inc. for allegedly financially exploiting residents through its ATMs. The lawsuit claims that 93% of all deposits made to Athena Bitcoin ATMs were fraudulent in the past five months, and that the
Fraud
A 66-year-old man and a 54-year-old woman from Pensacola, Florida, have been charged with defrauding victims out of millions of dollars through a multi-year scheme. Salvatore John Carpanzano and Heather Gayle Fisher made their initial appearances in federal court on September 3, 2025, before United States Magistrate Judge Zachary C.
Fraud
Michael J. Moore, a resident of Las Vegas, operated a tax and accounting business called X Tax Pros, where he promoted a fraudulent tax avoidance scheme known as the "Special Tax Shelter Strategy." Moore promised clients that his services would eliminate their taxes owed to the IRS and
Fraud
The US Department of Justice (DOJ) and the Department of Homeland Security (DHS) have launched a new Trade Fraud Task Force to aggressively target importers and other parties committing trade-related fraud. As part of this effort, the Task Force will utilize expanded coordination under existing enforcement powers to take enforcement
Fraud
The Commission on Audit (COA) has filed five Fraud Audit Reports (FARs) with the Office of the Ombudsman regarding flood control projects implemented by the 1st District Engineering Office of the Department of Public Works and Highways (DPWH) in Bulacan. The reports cover five flood control projects in Calumpit and
Fraud
Digital banking has brought unprecedented convenience to the way we manage our finances, but it has also opened doors for cyber-criminals seeking to exploit vulnerabilities. Fraud is no longer a distant possibility, but a growing global problem, with payment fraud already costing tens of billions of dollars each year and
