Senior investigators at Fannie Mae believed there was no clear proof that New York Attorney General Letitia James committed mortgage fraud, according to new details…
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…
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…
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…