Fraud
Telecom Satellites Limited (TStv) CEO Bright Echefu, along with three co-defendants, appeared before the Federal High Court in Abuja on an amended 12-count indictment involving alleged money laundering, tax evasion, and investment fraud. The Economic and Financial Crimes Commission (EFCC) accuses the quartet of defrauding a former Minister of Special
Fraud
Kendra Nicole Scarborough, a resident of Oxon Hill, Maryland, has been charged with tax refund fraud, theft of government funds, and money laundering by a federal grand jury in Baltimore. The indictment alleges that Scarborough assisted in the preparation and filing of false tax returns between December 2019 and March
Fraud
Carlo Ancelotti, Brazil's national team coach, has been sentenced to a one-year prison term by a Spanish court for tax fraud during his tenure as Real Madrid manager in 2014. The verdict comes after a lengthy investigation by Spanish prosecutors, who accused Ancelotti of defrauding the state of
Fraud
A Spanish court handed Brazil coach Carlo Ancelotti a one-year prison sentence for failing to pay tax on his image rights revenues in 2014 while he was managing Real Madrid. Ancelotti, who managed the team from 2013 to 2015 and again from 2021 to 2025, was accused of deliberately misinforming
Fraud
The Chief Executive Officer of Telecom Satellites Limited, Bright Echefu, and three other individuals have been re-arraigned before the Federal High Court in Abuja on amended charges of alleged money laundering, tax evasion, and investment fraud amounting to approximately N1 billion and $1.3 million. The Economic and Financial Crimes
Fraud
Prosecutors in Paris have raided the headquarters of the French far-right party National Rally, seizing documents and accounting records as part of an inquiry into allegations of illegal financing of Marine Le Pen's 2022 presidential bid. The raid is also investigating European Parliament and French parliamentary campaigns. Police
Fraud
A Kenyan bank lost a staggering Sh517 million ($4 million) after contractors compromised the security system for cards, enabling unauthorised wallet creation and laundering of funds through cryptocurrency. The incident was one of the several cases of cybercrime tracked by Kenya's financial intelligence unit, the Financial Reporting Centre
Fraud
As senior citizens navigate an increasingly digital world, they are increasingly falling prey to online fraud, with estimated losses soaring to $4.7 billion in the US in 2022 alone. Researchers from the University of Surrey have identified ageism as a significant contributing factor to the cyber exploitation of older
Fraud
The State of Texas is urging individuals to exercise caution when making charitable donations in the wake of the devastating flooding. Attorney General Ken Paxton warned of potential scams and emphasized the importance of verifying the legitimacy of charitable efforts. The Attorney General encouraged those wishing to donate to utilize
Fraud
Pennsylvania has taken a significant step in combating financial waste, fraud, and abuse by passing a bill that would allow the state attorney general to seek repayment of government money obtained through false information. The bill, sponsored by Rep. Frank Burns, aims to enact a false claims law in Pennsylvania,
Fraud
A Mumbai court granted pre-arrest bail to Abhimany Bhoan, the former CEO of New India Co-operative Bank Ltd, in a cheating and criminal breach of trust case. The additional sessions judge, NG Shukla, allowed Bhoan's plea for bail, citing a lack of prima facie evidence of his involvement
Fraud
In a significant development, a 26-year-old man was arrested by the Military Police's Support Group (GAP) of the 4th Battalion in Varzea Grande, Brazil, for allegedly making financial transactions and money laundering for a faction. The arrest was made on July 7, following a tip-off from locals about
