Fraud
Punjab's State Cyber Crime Police have cracked a multi-million-dollar honey trap racket that duped people with explicit live streaming on a banned website. The ringleaders, numbering six, allegedly swindled 15.5 crore rupees using platforms like Stripchat and Suncrypto, and USDT (Tether) cryptocurrency. The group used private wallets
Fraud
Jawad Fakroune, also known as "Angelino Escobar," has been indicted on federal fraud and tax charges for allegedly defrauding numerous individuals out of at least $2.6 million and willfully evading income taxes. The indictment alleges that Fakroune engaged in multiple schemes to deceive victims, including obtaining money
Fraud
A 76-year-old former Chicago attorney, MICHAEL ABRAMSON, has been sentenced to 30 months in federal prison for committing tax fraud, attempting to tamper with a witness, and violating a court order. Abramson's crimes involved providing over $1 million in personal expenses to a woman he was romantically involved
Fraud
U.S. Attorney Joseph Oloyede, a dual American and Nigerian citizen and the monarch of the Nigerian city of Ipetumodu, has been sentenced to 56 months in prison for leading a scheme that bilked over $4.2 million from federal loan and grant programs intended to assist small businesses affected
Fraud
Rasheda McDaniel, a 42-year-old woman from Kansas City, Missouri, pleaded guilty in federal court to a scheme to fraudulently obtain Paycheck Protection Plan (PPP) loans, guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). McDaniel used the personal identification information of
Fraud
LegitScript, the leader in merchant and product certification and monitoring, has introduced two significant upgrades to its AI-powered Merchant Onboarding solution: Global Business Identity Check and U.S. Tax Identification Number (TIN) Verification. These enhancements deliver comprehensive Know Your Business (KYB) coverage, enabling payment facilitators, ISOs, and acquiring/sponsor banks
Fraud
The Senate Standing Committee on Science and Technology, led by Senator Kamil Ali Agha, convened on Wednesday to discuss pressing matters including a significant tax evasion scheme, food safety anxieties, and ecological threats. The committee members, comprising Senators Saeed Ahmed Hashmi, Husna Bano, Muhammad Aslam Abro, Nasir Mehmood, Faisal Javed,
Fraud
The Department of Justice ("DOJ") and the Department of Health and Human Services ("HHS") have re-established a joint working group to combat healthcare fraud in the United States. The DOJ-HHS False Claims Act ("FCA") Working Group, originally created in 2020, is led by senior
Fraud
A 62-year-old woman from Danville, Virginia, was sentenced to five years' probation, including 12 months of home detention, for health care fraud. Jacquelyn Farrish pleaded guilty to the charge in February 2025 after claiming to receive nearly 10,000 hours of personal care services from her estranged husband, resulting
Fraud
The Financial Crimes Enforcement Network (FinCEN) has issued a notice to address concerns over regulatory risks related to convertible virtual currency (CVC) kiosks, commonly known as cryptocurrency ATMs. These kiosks have become increasingly popular for their user-friendly interfaces and widespread presence in public venues, but they also pose significant opportunities
Fraud
A dual American and Nigerian citizen has been sentenced to prison for creating and leading a scheme that bilked over $4.2 million from federal loan and grant programs intended to assist small businesses during the COVID-19 pandemic. Joseph Oloyede, 62, was sentenced to 56 months in prison and ordered
Fraud
Joseph Oloyede, a former business owner, was sentenced to 56 months of incarceration for his role in a Paycheck Protection Program (PPP) loan fraud scheme. Oloyede, along with co-defendant Edward Oluwasanmi, submitted falsified loan applications and fake tax documents to secure millions of dollars in Small Business Administration funds. The
