fraud
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Interpol Arrests Almost 4,000 People in Crackdown on International Online Scams
Police around the world have arrested 3,950 people and seized assets totaling $US257 million in a coordinated effort to crack down on online scams, according to a news release Thursday from Interpol. Dubbed Operation First Light 2024, the scammers engaged in a variety of online crimes, including phishing, investment fraud, taking in money from fake…
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The 6 Reasons Prosecutors Want Sam Bankman-Fried to Spend 40-50 Years in Prison
Prosecutors in New York asked a court on Friday to sentence crypto fraudster Sam Bankman-Fried to between 40 and 50 years in prison for defrauding crypto investors and extracting billions of dollars from his companies FTX and Alameda Research. FTX imploded in 2022, turning a high-flying company once valued at $US32 billion into a worthless…
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Microsoft, Amazon Help India Law Enforcement Bust Call Centre Fraudsters
Calling up an IT department for help can be a frustrating experience—the only thing more frustrating is getting scammed out of money. Microsoft, Amazon, and Indian law enforcement identified a potential fraud ring with a ton of tech confiscated during searches in the country. Microsoft announced the collaboration in a blog post. The tech company…
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Trump’s Media Company Wants $US3.8 ($5) Billion in Lawsuit Against Washington Post
Trump Media & Technology Group Corp. (TMTG) filed a $US3.8 ($5) billion defamation lawsuit against The Washington Post last week, claiming the news outlet made false and defamatory statements against the company. The lawsuit claims The Post knowingly published “false” articles “in order to harm TMTG’s business” and alleges that the outlet conspired with an…