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…
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…
Italy uncovers €42.8 million VAT fraud linked to luxury car trade
Italian financial investigators have uncovered a massive value-added tax (VAT) evasion scheme worth €42.8 million involving the sale of luxury cars imported from Germany. The…
Charlie Javice handed prison term for defrauding JPMorgan in $175 million deal
Charlie Javice, once hailed as a promising young entrepreneur, will serve more than seven years in prison after a federal judge found she deceived JPMorgan…
Five foreigners wanted over multimillion-dollar telecom fraud
Authorities in El Salvador have confirmed that international arrest warrants remain in effect against five foreigners accused of being part of a sophisticated criminal network…
Fugees rapper accused by US of illegal lobbying with Malaysian financier
Federal prosecutors in the United States have opened a case against Pras Michel, a member of the Fugees, for allegedly embarking on a brazen secret-influence…
In the case of Volkswagen’s emissions fraud, the SEC is requesting penalties
The U.S. Securities and Exchange Commission filed a motion for sanctions against Volkswagen AG on Friday, claiming that the German automaker disobeyed a court order…
Evoqua Water will pay $8.5 million to resolve charges of U.S. SEC accounting fraud
The U.S. Securities and Exchange Commission (SEC) has charged Evoqua Water Technologies Corp (AQUA.N) with using improper accounting to falsely inflate revenue in 2017 and…
Abraaj founder loses appeal against extradition to the US on fraud-related charges
The founder of the defunct private equity firm Abraaj group failed in his attempt to stop his extradition from London to the US to face…