Fraud
A retired scientist from Hyderabad became the victim of a sophisticated cyber scam, losing a whopping Rs 1.34 crore to fraudsters. The 73-year-old was duped into attending a fake Supreme Court hearing, where he was asked to transfer money into bank accounts of the perpetrators. The scam started with
Fraud
Alabama Credit Union has implemented Point Predictive's AutoPass solution, enabling it to automatically approve up to 80% of credit-qualified applications while safeguarding against sophisticated fraud schemes. This move comes amidst an industry grappling with unprecedented challenges related to fraud. The adoption of AutoPass marks a forward-thinking approach to
Fraud
Justice Obiora Egwuatu of a Federal High Court in Abuja has refused to admit to bail the Chief Executive Officer (CEO) of Afriq Arbitrage System (AAS) Limited, Mr. Jesam Michael, who is standing trial on an alleged investment fraud running into hundreds of million naira. The judge took the decision
Fraud
South Carolina Attorney General Alan Wilson has announced that his office's Vulnerable Adults and Medicaid Provider Fraud unit (VAMPF) has arrested Jacqueline Burgess, 59 years old, of Scranton, SC, on one count of Medical Assistance Provider Fraud. Burgess was booked into the Alvin S. Glenn Detention Center on
Fraud
The Attorney General of the Federation (AGF), Lateef Fagbemi (SAN), intervened in a high-profile alleged N12.3 billion fraud case involving the Chairman of Honeywell Group, Oba Otudeko. The Economic and Financial Crimes Commission (EFCC) had sought to compel Otudeko's appearance for arraignment, but the AGF overruled them,
Fraud
U.S. authorities charged Iurii Gugnin, a 38-year-old Russian citizen and New York resident, with turning his cryptocurrency company, Evita, into a covert pipeline for dirty money. Gugnin allegedly laundered over $500 million through U.S. banks and cryptocurrency exchanges while hiding the source and purpose of the transactions. The
Fraud
A 38-year-old Russian national, Iurii Gugnin, has been arrested and charged with various offenses related to laundering over $500 million through the US financial system. According to court documents, Gugnin used his cryptocurrency company, Evita, to funnel payments from foreign customers, many of whom held funds at sanctioned Russian banks,
Fraud
The founder of a now-shuttered non-profit organization, Viet America Society (VAS), and its associate, Hand-to-Hand Relief Organization Inc. (H2H), have been accused of bribing then-Orange County Supervisor Andrew Hoang Do to obtain approximately $12 million in COVID-19 pandemic-related funds. Peter Anh Pham, 65, of Garden Grove, and Thanh Huong Nguyen,
Fraud
As the use of generative AI continues to make large-scale document manipulation and identity fraud more accessible, class action settlement claims face growing exposure to sophisticated fraud schemes. Recognizing this emerging threat, JND, the U.S. leader in legal administration services, has announced the debut of WatchTower, a proprietary fraud
Fraud
Blessed Nyathi, a 26-year-old man from Gwabalanda, has been granted bail of US$50 by Magistrate Mr Archie Wochiwunga in a case involving fraud charges over a disputed US$550 mobile money transaction. The court heard that Nyathi had persuaded Meluleki Moyo to process two transactions, totaling US$550, into
Fraud
Facephi, a Spanish technology company, has introduced a new product that uses advanced behavioral biometrics to detect complex fraud without compromising the user experience. This technology upgrade combines artificial intelligence and contextual analysis to identify anomalous patterns and suspicious behavior, providing continuous protection against threats like identity theft and new
Fraud
A 47-year-old general manager at an automobile company lost Rs 53 lakh to cybercrooks in a digital arrest fraud between April 2 and 11. The victim, a resident of Moshi, lodged a complaint with the Pimpri Chinchwad cybercrime police on Saturday. The cybercrime police team, led by senior inspector Ravikiran
