Federal court ordered fugitive CEO to pay $3.4 billion in the largest-ever Bitcoin fraud case
A US federal judge has ordered the executive of a South African forex firm […]
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Millennial CEO and founder of fintech startup Frank charged with defrauding JPMorgan of $175 million
Charlie Javice, the 31-year-old founder and CEO of fintech startup Frank, has been charged […]
DataDome lands $42 million in Series C funding to combat bot-driven cyberattacks and fraud using AI
The sophistication of malicious bots is increasing rapidly, allowing them to evade security measures. […]
Hindenburg Research says Jack Dorsey’s fintech company facilitates fraud against “unbanked” customers; Block shares plunge
“Our 2-year investigation has concluded that Block has systematically taken advantage of the demographics […]
SEC charges Tron founder Justin Sun, Linsday Lohan, Jake Paul, and other celebrities with crypto fraud
The founder of the Tronix and BitTorrent crypto assets, Justin Sun, who is also […]
SEC charges Terra founder Do Kwon, Terraform with fraud in connection with TerraUSD Stablecoin collapse
In May 2022, TerraUSD (UST) stablecoin collapsed and lost 99% of its value, wiping […]
Founder of Goldman Sachs-backed tech startup Slync charged with $67 million fraud
Christopher Kirchner, the founder of $240 logistics software startup Slync, was arrested at his […]
Adani founder and India’s richest person lost more than half of his $120 billion fortune after Hindenburg Research accused his company of massive fraud
Calling it the “largest fraud in corporate History,” famous shot-seller Hindenburg Research has published […]
Jury: Musk didn’t deceive investors with 2018 ‘funding secured’ tweets; Musk and Tesla not liable in securities fraud
After almost five years of legal, a jury on Friday found Elon Musk and […]
Inscribe raises $25M in funding to automate document fraud detection and fight financial fraud with AI
We live in a fast-paced digital world where buyers and consumers have come to […]
JP Morgan paid $175 million to acquire college financial aid startup Frank only to shut it down over a year later; accuses founder of fraud
Really? JP Morgan acquired college financial aid platform Frank in 2021 for a whopping […]
Crypto lender Nexo is under criminal investigation in Bulgaria for fraud and money laundering just a month after exiting the US market
Just a little over a month after exiting the US market following cease-and-desist orders from state and […]
FTX co-founder Gary Wang and Alameda Research CEO Caroline Ellison pleaded guilty to fraud and cut a deal with federal prosecutors for $250,000 bail
While the disgraced FTX founder and former CEO Sam Bankman-Fried may likely be spending […]
Former Twitter employee sentenced to 3.5 years in prison for wire fraud, money laundering, and spying
Ahmad Abouammo, a former Twitter employee, was found guilty of spying on users on […]
SEC charged Sam Bankman-Fried with “orchestrating a scheme to defraud equity investors in FTX”
The United States Securities and Exchange Commission (SEC) has charged Samuel Bankman-Fried (SBF) with […]
Uruguayan fintech startup dLocal faces allegations of potential fraud; applied for a UK regulatory license
It’s been over two years since we last covered dLocal, a Montevideo, Uruguay-based fintech startup that […]
Two Estonian citizens arrested in connection with $575 million crypto fraud and money laundering involving crypto mining service HashFlare
In October, the US Department of Justice (DOJ) charged Ukrainian national Mark Sokolovsky with […]
Theranos founder Elizabeth Holmes sentenced to more than 11 years in prison for fraud
Justice is finally served. Theranos founder Elizabeth Holmes was sentenced to more than 11 years […]
Goldman Sachs-backed blockchain startup TRM Labs lands $70M Series B to monitor and detect crypto fraud and financial crimes
Blockchain and crypto hack is on the rise. In the past decade, hackers and […]
FBI seizes $3.36 billion worth of bitcoin in connection with the Silk Road dark web fraud, the largest crypto seizure ever
The US Department of Justice (DOJ) announced today it seized more than $3.36 billion worth […]