Business
Aspiration co-founder sentenced to 14 years for fraud
The co-founder of Aspiration, Joseph Sanberg, was sentenced to 14 years in prison on Monday after defrauding investors and lenders of over…
Tag
fraud
Business
Former Biofourmis CEO to be charged over alleged fraud and falsified invoices worth US$16.5 million
BT understands the accused to be the healthcare startup’s founder and former chief executive Kuldeep Singh Rajput The former director and…
Business
Can AI-Powered Security Prevent 34.2 Billion in Banking Fraud?
The numbers tell a scary story. Cybercriminals attack banking systems every 39 seconds, and they're getting smarter every day. Last year…
Business
Vietnam to Tighten Online Trade Rules as New E-Commerce Law Targets Rising Fraud
Vietnam is moving to strengthen verification requirements and accelerate the use of technology to combat increasingly sophisticated online…
News
Who Is Aimee Bock? Mastermind Behind $250M Minnesota Somali Welfare Fraud Ordered by Judge to Surrender Porsche, Luxury Goods
The disgraced founder of a Minnesota nonprofit, who was convicted of orchestrating a $250 million welfare fraud, was ordered by a judge…
Unsorted
Joan Lowell and the Birth of the Modern Literary Fraud
Sensing that she was losing the argument, Lowell rushed at Colcord, winding up to throw a punch before stopping short a few feet away from…
Unsorted
Misspelled Minneapolis Daycare Accused of Multimillion-Dollar Fraud Hits Back at Critics as It Suddenly 'Trucks in' Children
A Minneapolis daycare facility linked to Minnesota's ongoing fraud investigation has slammed online criticism after its signage was found…
Business
California crypto company accused of illegally inflating Katy Perry NFTs and fraud
Four years ago, California startup Theta Labs’ cryptocurrency was soaring, and its future appeared bright when it landed a partnership…
Business
From Batch Processing to Real-Time Alerts: Rebuilding SNAP Fraud Detection
Every month, SNAP benefits reach 42 million Americans, but behind those transactions sits a system riddled with gaps. In fiscal year 2023,…
Business
SingPost’s 2024 fraud incident allegedly involved e-commerce shipments bound for Canada
More details have emerged about Singapore Post’s (SingPost) parcel delivery fraud incident that came to light in 2024. The Business Times…
Unsorted
Minnesota’s Massive Welfare Fraud Scandal | National Review
The billion-dollar fraud scheme based out of the Somali diaspora community has implications beyond dollars and cents. Source link
News
Singapore Agritrade Founder Arrested for Multi-Million Dollar Fraud After Five Years on the Run, Faces Cheating Charges
Singapore police announced on Tuesday, December 2, that the founder of commodity trading firm Agritrade has been arrested and charged in…
Business
Wilmar’s China subsidiary lodges appeal over contract fraud case
A subsidiary of Wilmar International has lodged an appeal in a Chinese court, after it was found guilty of contract fraud and ordered to…
Business
Do Kwon says five years in prison enough for Terra crypto fraud
Terraform Labs co-founder Do Kwon says he should get no more than five years in prison in the US for his role in a fraud tied to the US$40…
Unsorted
Wilmar China unit found guilty of contract fraud, liable for 1.88 billion yuan in losses; looks to appeal judgement
It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades A subsidiary of Wilmar International has been…
News
Wilmar China unit found guilty of contract fraud, jointly liable for 1.88 billion yuan in losses; will appeal against court decision
It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades A subsidiary of Wilmar International has been…
News
Wilmar China unit convicted of fraud; to appeal against judgement
A subsidiary of Wilmar International has been found guilty of contract fraud by a Chinese court and ordered to jointly bear losses…
Business
Fraud and scam claims against digital banks in Singapore on the rise
There were 94 scam and fraud claims against digital banks in Singapore in the first eight months of 2025, more than double the 42 claims…
News
Singapore: 2 Foreign Men Charged for Suspected Payment Fraud Involving Stolen Card Details
Two foreign nationals, aged 24 and 31, were arrested for allegedly using stolen debit and credit card information to carry out payment…
Business
New lawsuit alleges Spotify allows streaming fraud
A NEW lawsuit alleges streaming giant Spotify turns a blind eye to vast networks of bots that inflate streaming figures to benefit…
Business
India freezes over 75 billion rupees in assets tied to Anil Ambani in bank fraud probe
India’s top financial crimes agency said it had seized properties worth over US$846 million from firms linked to beleaguered tycoon Anil…
Business
Letitia James: NY Attorney General Who Was Indicted on Bank Fraud Charges Listed Her Virginia Home as 'Investment Property', Filings Show
New York Attorney General Letitia James, who has been indicted, reportedly listed her Virginia home as an "investment" property in…
Business
Envy’s ex-directors seek bankruptcy after being found liable for breach of duties in nickel trading fraud
Judicial Commissioner Mohamed Faizal finds that Lee Si Ye and Ju Xiao had breached their duties as directors of Envy group of companies A…
Business
US SEC launches task force on securities fraud by foreign companies
The US Securities and Exchange Commission (SEC) is setting up a new unit to focus on securities fraud by foreign companies, one of the…