Fraud
Prime Minister Pham Minh Chinh has directed a comprehensive campaign to combat smuggling, trade fraud, and intellectual property violations, which will run until June 15. The effort aims to address the complex and widespread issue, partly due to the lack of legal frameworks, insufficient accountability, and uncoordinated enforcement. The campaign
Fraud
The 2024 Cybercrime Report, released by LexisNexis Risk Solutions, shows a significant shift in global fraud patterns, with first-party fraud now accounting for 36% of all reported fraud, representing a third of all cases in 2024. This marks a significant increase from 15% in the previous year. First-party fraud includes
Fraud
As part of its efforts to combat transnational financial crimes, the Nigeria Police Force has arrested two high-profile suspects, Robert Harms and Okeke Ogechi Njaka, for investment fraud and cybercrime. Robert Harms, a Canadian national, was apprehended on February 7 at Nnamdi Azikiwe International Airport, Abuja, while attempting to flee
Fraud
As digital marketplaces expand across Africa, particularly in Nigeria, the risk of cyber threats grows proportionally, demanding robust security measures to match the accelerated pace of digital growth. AI has made it easier and cheaper for fraudsters to generate believable content for cyberattacks, posing new and sophisticated threats that require
Fraud
Brazilian opposition lawmakers have filed a request to establish a joint investigative parliamentary committee (CPMI) to investigate pension and retirement fund fraud at Brazil's National Social Security Institute (INSS). Signed by 223 members of the Lower House and 36 senators, the proposal aims to bypass a backlog of
Fraud
The Department for Work and Pensions (DWP) has reaffirmed its vow to combat benefit fraud and error, including reclaiming debts from Personal Independent Payments. In response to an inquiry by Conservative MP Sir John Hayes, DWP Minister Andrew Western detailed new initiatives being put in place to prevent fraudulent activity
Fraud
A 23-year-old engineering student in Mumbai lost more than Rs.6 lakh to cyber fraud while searching for female escort services online. This is not an isolated incident, as the Delhi Police recently arrested four individuals, including two private bank employees, for allegedly enabling a cyber fraud syndicate that cheated
Fraud
Indian authorities have arrested four individuals, including two bank employees, for allegedly facilitating a cyber fraud syndicate that swindled hundreds of people through a bogus investment app. The scam, centered around the QuantsAIS app, was launched after a businessman from Patel Nagar complained of losing Rs.16.7 lakh after
Fraud
The Delhi Police has dismantled a sophisticated racket running a fake trading app, arresting four individuals, including two private bank employees, for allegedly facilitating fraud worth lakhs through forged documents and shell companies. The accused orchestrated a scheme that lured a complainant into investing Rs 16.70 lakh via a
Fraud
Acting U.S. Attorney Michael M. Simpson announced that Kenneth Richmond, a 64-year-old New Orleans resident, pled guilty on May 9, 2025, to conspiracy to commit wire fraud and aggravated identity theft. Richmond faces up to 20 years in prison and a mandatory consecutive sentence of two years for aggravated
Fraud
In a recent crackdown on cybercrime, the Bikaner police have arrested members of a gang accused of providing mule bank accounts to cybercriminals. The gang, operating from Bikaner in Rajasthan, rented out local residents' bank accounts to funnel money obtained from victims of cyber scams. The gang's
Fraud
The Kenya Revenue Authority (KRA) has launched a crackdown on a significant VAT fraud scheme, removing 475 officials from approving VAT refund applications and flagging 4,434 traders linked to the scam. The scheme, which involves issuing fictitious invoices to claim VAT refunds, has cost the government at least Sh2.
