Fraud
Tarcísio de Freitas' administration has been beset by allegations of corruption and tax fraud involving state tax auditors in São Paulo. The scheme, revealed by Operation Icarus, allegedly involved more than R$1 billion in bribes paid by companies to auditors at the state Finance Department since 2021. The
Conspiracy
Do Kwon, the 33-year-old co-founder of Terraform Labs, appeared before U.S. District Judge Paul A. Engelmayer on 12 August 2025 and pleaded guilty to two counts of conspiracy and wire fraud. The charges stem from the collapse of Terraform's popular tokens, TerraUSD and Luna, in May 2022,
Fraud
In a major crackdown on cybercrime, the Mumbai Crime Branch's Unit 2 has busted a gang involved in renting and selling bank accounts and SIM cards to cyber fraudsters and operators of illegal online gaming scams. The operation is linked to syndicates operating from Thailand, China, Dubai, Cambodia,
Fraud
Northumbria University is leading a groundbreaking research project to enhance counter-fraud strategies within the NHS in England, aiming to reduce financial losses, protect public trust, and safeguard the quality and safety of healthcare services. Official estimates suggest the NHS is vulnerable to losing up to £1.3 billion annually to
Fraud
The Department of Justice unsealed six warrants in US District Courts, authorizing the seizure of over $2.8 million in cryptocurrency, $70,000 in cash, and a luxury vehicle from Ianis Aleksandrovich Antropenko, who is charged with conspiring to commit computer fraud and abuse. Antropenko allegedly used Zeppelin ransomware to
Fraud
New York Attorney General Letitia James has filed a lawsuit against Early Warning Services, LLC (EWS), the company behind the electronic payment platform Zelle, for failing to protect its users from massive amounts of fraud. An investigation by the Office of the Attorney General revealed that EWS designed Zelle without
Fraud
As HMRC continues to crack down on tax evasion, its increasing reliance on artificial intelligence (AI) to monitor social media accounts has sparked alarm among campaigners and MPs. The advanced AI technology is being used to spot signs of fraud on platforms like Facebook and Instagram, but critics argue that
Fraud
A record-breaking 164,670 reports were made to HMRC's fraud hotline channels in 2024-25, with a 9% year-on-year increase. However, the reward payments to whistleblowers decreased for the first time in four years, standing at £852,438, a 13% drop from the previous year. This disparity has led
Fraud
US authorities are cracking down on timeshare fraud schemes linked to the powerful CJNG cartel, a U.S.-designated Foreign Terrorist Organization. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned four Mexican individuals and 13 Mexican companies for their involvement in these
Fraud
The U.S. Department of Transportation and the Office of Inspector General have released information regarding a criminal complaint filed against Flor Consuelo Del Carmen Caballero Bernabe, a Peruvian citizen, with immigration fraud offenses. The complaint alleges that Bernabe used the identity and social security number of a U.S.
Entrepreneurs
Do Kwon, the former CEO of Terraform Labs and creator of the TerraUSD (UST) stablecoin, has pleaded guilty to two felony counts of securities fraud, wire fraud, and commodities fraud in a major development in the aftermath of the catastrophic collapse of the TerraUSD stablecoin in 2022. The $40 billion
Fraud
Greece's parliament has voted to establish a committee to investigate its agricultural payments agency, OPEKEPE, amidst a deepening scandal over alleged large-scale fraud involving EU farm subsidies. The investigation follows the European Public Prosecutor's Office (EPPO) uncovering evidence suggesting that farmers and state officials colluded to
