Cleveland Guardians star pitcher Emmanuel Clase pleaded not guilty on Thursday to federal charges accusing him of helping rig bets on his pitches during Major…
Chinese fraud mastermind sentenced in UK for laundering billions in bitcoin
A Chinese woman who led one of the largest Ponzi schemes in her country will spend more than 11 years in a British prison for…
Getty Images loses most of UK lawsuit against Stability AI over use of copyrighted photos
Getty Images has largely lost its closely watched legal battle in London against Stability AI, the developer of the image generator Stable Diffusion, in a…
Sam Bankman-Fried seeks new trial in FTX fraud case, lawyers argue conviction was unfair
FTX founder Sam Bankman-Fried, currently serving a 25-year sentence for orchestrating what prosecutors described as one of the largest financial frauds in U.S. history, is…
Five indicted in €188 million VAT fraud and Hawala money laundering case
Hamburg prosecutors working with the European Public Prosecutor’s Office (EPPO) have filed charges against five suspects accused of running a massive cross-border VAT fraud and…
U.S. appeals court overturns fraud conviction of Iconix founder Neil Cole
A U.S. federal appeals court in Manhattan has overturned the fraud conviction of Neil Cole, founder and former CEO of Iconix Brand Group, ruling that…
Ex-Citibank Employee Sentenced in Singapore’s $2.3 Billion Money-Laundering Case
A former Citibank relationship manager has been sentenced to two years in prison for his role in one of Singapore’s largest-ever money-laundering scandals, according to…
Bank of Ireland doubles provision for UK motor finance scandal to £350 million
The Bank of Ireland announced on Monday that it has sharply increased its provision related to the UK motor finance commission scandal, setting aside £350…
AI misuse fuels Southeast Asia scam operations, according to Reuters investigation
A Reuters investigation uncovered how criminal networks in Southeast Asia are using ChatGPT to run global fraud operations while forcing trafficked workers to participate. Kenyan…
EU prosecutors charge suspects in €280,000 subsidy fraud involving fake children’s projects
The European Public Prosecutor’s Office (EPPO) in Ostrava, Czechia, has charged two individuals and one company with subsidy fraud and damaging the financial interests of…