Fraud
South Africa's national authorities have arrested John Hume, a controversial rhino breeder, and five others for their alleged involvement in a rhino horn trafficking syndicate. The arrest follows a seven-year-long investigation and brings to light the potential pitfalls of legalizing the rhino horn trade, a topic widely debated
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
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
Charles O. Parks III, also known as CP3O, was sentenced to one year and one day in prison for operating a large-scale cryptojacking operation that defrauded cloud computing services out of over $3.5 million in computing resources. Parks used the stolen resources to mine nearly $1 million in cryptocurrency,
Fraud
A massive financial fraud operation in Hyderabad involved over 3,000 investors across multiple states, earning Rs 850.59 crores through Ponzi scheme tactics and advanced AI-powered investment platforms. The scheme was operated through several companies, including AV Solutions, IIT Capital Technologies, and Srinivas Analytics Pvt. Ltd. The cybercrime police
Fraud
Andrew H. Middlebrooks, the former majority owner and CEO of EIA All Weather Alpha Fund 1 Partners (EIA), has been sentenced to 100 months in federal prison after pleading guilty to charges of wire fraud. Middlebrooks orchestrated a scheme to obtain over $39 million from investors by making false and
Fraud
French prosecutors have demanded Fiat face trial on fraud charges over the emissions-tampering scandal that struck Volkswagen, a source told AFP. This is the fourth trial demanded in France against major car makers, following cases against Volkswagen, Peugeot-Citroen, and Renault. Fiat is accused of selling vehicles with diesel engines that
Fraud
United States Attorney David Metcalf announced that James Sessoms, 60, of Philadelphia, Pennsylvania, was sentenced to 28 months in prison, three years of supervised release, and $398,708.58 in restitution for his scheme to use stolen identities and Social Security numbers to file for government benefits, resulting in a
Fraud
After a seven-year investigation, South Africa's Wildlife Trafficking Section has dismantled a significant transnational rhino horn trafficking network. The operation uncovered a complex scheme involving 964 rhino horns, valued in the millions of rands, intended for the black market in Southeast Asia. Six suspects, aged 49 to 84,
Fraud
Congressmen Vern Buchanan and David Schweikert have introduced the Digital Evaluation for Tax Enforcement and Compliance Tracking Act (DETECT Act), aiming to empower the Internal Revenue Service (IRS) in strengthening tax fraud detection efforts using artificial intelligence (AI) tools. The legislation would require the Government Accountability Office (GAO) to study
Fraud
Mastercard and Alloy have announced a new partnership to launch an enhanced customer onboarding solution for financial institutions and fintechs. The Mastercard Alloy joint onboarding solution leverages identity verification and open finance to streamline the customer onboarding process while combating financial fraud. According to recent statistics, fraud rates continue to
Fraud
A former chief executive who was entrusted with millions of dollars to help struggling families was accused of using the funds to finance his own lifestyle, including expensive meals at upscale restaurants and a luxurious apartment. Keith Taylor, the founder of the Modest Needs Foundation, pleaded guilty to wire fraud
