Fraud
In a long-awaited settlement, JPMorgan has agreed to pay $330 million to the Malaysian government to resolve claims related to its role in the 1MDB financial scandal. The scandal, which involved the theft of at least $4.5 billion through schemes masterminded by Malaysian financier Jho Low, led to the
Fraud
A devastating scheme, uncovered in the Northern District of Georgia, has exposed the depths of government loan program exploitation. The U.S. Small Business Administration's Economic Injury Disaster Loan and Paycheck Protection Program were successfully targeted by a group of ten individuals, who submitted false applications, resulting in
Fraud
The US Attorney's office for the Northern District of New York announced the indictment of Ciera Washington, Raven White, and Bryan Otero for their alleged involvement in a multi-state prescription fraud ring. The scheme, which targeted pharmacies throughout the northeastern United States, involved stealing identities, submitting fraudulent prescriptions,
Fraud
A Nevada man, Meelad Dezfooli, was sentenced to 15 years in prison and five years of supervised release for fraudulently obtaining over $11 million in Paycheck Protection Program (PPP) loans. Dezfooli, of Henderson, Nevada, submitted three fraudulent applications on behalf of entities he controlled, using false documents and grossly inflated
Fraud
A standing committee on parliamentary affairs in Islamabad held a critical meeting to address pressing national security concerns, including the growing threat of cybercrime, fraudulent activities targeting the Benazir Income Support Programme (BISP), and security risks stemming from cross-border radio communications. The committee expressed alarm over the rise in financial
Fraud
The Goods and Services Tax (GST) fraud involving nearly Rs 500 crore, unearthed by the Directorate General of GST Intelligence (DGGI), Guwahati Zonal Unit, has raised eyebrows in Meghalaya. Former Chief Minister and senior Trinamool Congress leader Dr Mukul Sangma has demanded a central probe into the scam, citing patronage
Fraud
As Uganda grapples with payroll fraud scandals, revelations of corruption within public institutions have surfaced, underscoring the pressing need for systemic reforms. The government, anti-corruption bodies, and trade unions must converge to combat this menace. Trade unions, traditionally seen as advocates for better wages and working conditions, possess a unique
Fraud
As more Brits turn to investing to build their savings and plan for the future, fraudsters are finding new ways to exploit this interest. According to Action Fraud, victims lost over £890 million to investment fraud in 2023 alone. To protect consumers, brokers and trading experts at DayTrading.com have
Fraud
Latoiya Cantrell, the former mayor of New Orleans, and Jeffrey Vappie, a former New Orleans Police Department (NOPD) officer, have been charged with conspiracy to commit wire fraud and conspiracy to obstruct justice. According to the superseding indictment, the duo developed a personal relationship in 2021 while Cantrell was mayor
Fraud
Quavo, a disputes technology partner and advisor for financial institutions, will unveil enhanced AI capabilities for its flagship dispute management platform, QFD, live at FinovateFall in New York City. The company has reported that these advancements continue to refine and elevate the way financial institutions resolve disputes. Quavo's
Fraud
During a recent proceeding at the Durban High Court, a state witness revealed that the number of houses requiring waste collection in December 2017 had doubled, raising concerns about the accuracy of the audit report compiled by the city's internal auditors. The report, which supported the initial figure,
Fraud
Troy Health, Inc. has agreed to a non-prosecution agreement with the Department of Justice to resolve a criminal investigation into a health care fraud and identity theft scheme. The company used artificial intelligence and automation software to obtain Medicare beneficiary information and fraudulently enroll beneficiaries into its Medicare Advantage plans
