Fraud
U.S. authorities have seized over $225.3 million in cryptocurrency linked to cryptocurrency investment fraud schemes, known as "cryptocurrency confidence scams." The Department of Justice filed a civil forfeiture complaint in U.S. District Court, alleging that the seized funds were part of a sophisticated blockchain-based money
Fraud
A 65-year-old Dayton, Ohio man, Vincent Nzigiyimfura, was indicted for lying on his immigration applications and concealing his past role as a leader and perpetrator of the 1994 genocide in Rwanda. According to court documents, Nzigiyimfura was a prominent businessman and shop owner in Rwanda during the genocide, where he
Fraud
A decorated U.S. Drug Enforcement Administration informant has been arrested and charged with conspiring to extort major cocaine traffickers facing extradition. Jorge Hernández, 57, was a crucial asset in building key cases for the DEA over two decades, but court papers reveal he allegedly ran a scheme to extort
Fraud
The Rajasthan High Court dismissed the bail application of Ankit Bansal, accused of masterminding a GST fraud involving over Rs 704 crore in fake Input Tax Credit (ITC). The case has been ongoing since an FIR was registered by the Directorate General of GST Intelligence (DGGI), Jaipur Zonal Unit, alleging
Fraud
The United States Department of Justice's ongoing battle against cryptocurrency fraud schemes has resulted in a new civil forfeiture complaint against over $225 million worth of cryptocurrency, with the FBI estimating that these schemes caused over $9.3 billion in reported losses in 2024 alone. The complaint alleges
Fraud
Dayanidhi Maran, a former Union Minister and DMK MP, has sent a legal notice to his brother Kalanithi Maran, accusing him of fraudulent practices, including cheating and money laundering, in the shareholding structure of Sun TV Network. The notice, dated June 10, 2025, threatens civil, criminal, regulatory, and enforcement action
Fraud
The Department of Justice has filed a civil forfeiture complaint in the US District Court for the District of Columbia against over $225.3 million in cryptocurrency. The complaint alleges that the cryptocurrency is connected to the theft and laundering of funds from victims of cryptocurrency investment fraud schemes, also
Fraud
A 44-year-old man from Wiltshire, James Heppel, has been ordered to pay back £140,000 after committing international cryptocurrency fraud. Heppel was convicted of three counts of conspiracy to commit fraud alongside Jake Lee, from Bath, who was handed a four-year sentence and a confiscation order for nearly £1million. The
Fraud
Pig butchering schemes, a type of APP scam, often involve victims being persuaded to invest in cryptocurrency, which is then transferred to an external wallet controlled by scammers. Virtual Financial Assets Service Providers (VFASPs) and Crypto-Asset Service Providers (CASPs) play a significant role in these schemes, as they facilitate the
Fraud
A 61-year-old businessman from Madhya Pradesh had invested Rs 97.68 crore in a business venture with Sudhanshumohan Dwivedi, 37, a city-based businessman. Dwivedi allegedly duped the elderly businessman by promising good returns on investment, and a complaint was filed with the Bandra police. Dwivedi was charged with criminal breach
Fraud
Finance Minister Muhammad Aurangzeb has presented revised procedures for penalties, arrest, and imprisonment for individuals involved in tax fraud, incorporating new safeguards to prevent the Federal Board of Revenue (FBR) from misusing its powers. This move follows concerns from the business community and aims to ensure that arrest powers are
Fraud
The Punjab Police's State Cyber Crime Division has claimed to have arrested a person each from Panchkula and Abohar, and busted an inter-state gang involved in investment fraud. The gang, operating through Telegram and WhatsApp groups, lured innocent people into investing in a fake stock market application that
