Fraud
The head of Nigeria's Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has warned that corrupt politicians are increasingly using cryptocurrencies and other digital currencies to hide stolen wealth and evade law enforcement. Speaking at an event marking Africa Anti-Corruption Day, Olukoyede highlighted the growing threat of money
Fraud
Digital assets, including cryptocurrencies, are becoming increasingly used by Nigerian politicians and scammers to hide illicit wealth and commit investment fraud, according to the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede. Speaking at an event commemorating Africa Anti-Corruption Day, Olukoyede disclosed that some politically exposed persons
Fraud
The Central Bank of Nigeria has raised a red flag over a significant increase in financial fraud cases, with a 45% surge in one year and 70% of losses linked to digital channels. This warning was delivered by Olayemi Cardoso, governor of the CBN, in a speech at a public
Fraud
DENT HUNTER, 46, of New Orleans, was sentenced to five years of probation after pleading guilty to making false statements and money laundering related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The case involves HUNTER's attempt to obtain a $122,100 Paycheck Protection Program
Fraud
The Odisha Crime Branch has made a significant breakthrough in a Rs 7.5 crore online investment fraud case. The accused, Amrit Pal, was arrested in Punjab after a comprehensive investigation led by Inspector Namita Kumari Sahu of the CID CB Cyber Crime PS, Odisha. The case involves a victim
Fraud
Truong Nguyen, a 50-year-old Vietnamese man residing in Braintree, Massachusetts, was sentenced to 25 months in prison for passport fraud and aggravated identity theft. Nguyen used the identity of a deceased minor victim, "HH," to obtain certifications to work as a paramedic and firefighter, and was employed at
Fraud
Attorney General Kwame Raoul's office has obtained a guilty plea and restitution from Alicia Pernell, a former state government employee who fraudulently applied for and received a Paycheck Protection Program (PPP) loan totaling approximately $20,000. Pernell, 36, of Joliet, Illinois, pleaded guilty to one count of theft
Fraud
Arizona Attorney General Kris Mayes recently announced the sentencing of Jalil Al-Kinani, who defrauded the U.S. Department of Housing and Urban Development (HUD) by misrepresenting his employment status and income to obtain housing assistance. Al-Kinani was sentenced to 18-months of supervised probation and ordered to pay $13,784.00
Fraud
The U.S. Department of Justice (DOJ) has announced the creation of a new "DOJ-HHS False Claims Act Working Group" to combat health care fraud and abuse. As part of its efforts, the working group will focus on identifying credible allegations of fraud, which can lead to the
Fraud
As the trend of counterfeit or fraudulent electronic goods becomes increasingly widespread in Zimbabwe, the Confederation of Zimbabwe Retailers (CZR) has sounded the alarm, calling for urgent action to combat the issue. The CZR, representing formal retailers and wholesalers across the country, warns that the illicit trade is undermining consumer
Fraud
A victim of the cowboy builder, Siobhan Anderson, said Ian Wheeler seemed professional before failing to complete the construction work. Wheeler, the owner of Gwent County Construction Ltd, was found guilty of defrauding customers and was sentenced at Cardiff Crown Court. He was charged with one offence under the Fraud
Fraud
Digital assets fraud has become a significant threat to market integrity and investor confidence in Africa, according to the Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama. Corruption continues to hinder economic growth, social development, and attractiveness to investors on the continent. The SEC is committed
