Tag: fraud
JPMorgan balks at $115 million legal tab for convicted fraudsters and says Charlie Javice’s lawyers are treating it ‘like a blank check’ | Fortune
For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two convicted fraudsters who sold...
Exclusive: Thousands of Indian bank transfer records found online
A data spill from an unsecured cloud server has exposed hundreds of thousands of sensitive bank transfer documents in India, revealing account numbers, transaction...
Asia is ahead of the curve of using AI to fight fraud. Here’s what the rest of the world can learn from it
The financial sector is going through a rapid digital transformation, but cybercriminals are adapting just as quickly. Banks are forced to spend heavily to...
Forget the golden age of fraud, the billionaire investor who shorted Enron warns we might be in the ‘diamond or platinum level’ amid the AI boom
In 2020, billionaire short-seller Jim Chanos told the Financial Times we were in the “golden age of fraud,” a result, in part, of Silicon...
Colleges have a new worry: ‘Ghost students’—AI powered fraud rings angling to get millions in financial aid
The “ghost-student” epidemic that has been attacking California’s community college system is infesting the nation, with colleges in Arizona, Indiana, Oregon, New Jersey, and...
Aspiration co-founder to plead guilty to $248M fraud scheme | TechCrunch
Sustainability-focused fintech Aspiration was flying high a few years ago, attracting famous investors including Orlando Bloom, Leonardo DiCaprio, and Robert Downey Jr. Now, its...
Georgia Woman Arrested For Allegedly Murdering Her “Cash Cow” Girlfriend Before Living As Her For Years (VIDEO)
Roomies, this case is straight out of a true crime doc—and it’s finally cracking open nearly two decades later. What started as an unidentified...
Trump wants Medicare to pay for your Ozempic treatment. Taxpayers may foot the bill for billions in fraud
With little fanfare but enormous implications, the Trump Administration is reportedly considering a five-year pilot program to allow Medicare and Medicaid to cover weight...
The Black Market for Fake Science Is Growing Faster Than Legitimate Research, Study Warns
A new study by researchers at Northwestern University has set off alarm bells about the future of academic research, warning that the publication of...
North Korean IT worker infiltrations exploded 220% over the past 12 months, with GenAI weaponized at every stage of the hiring process
Terrifying new fronts have emerged in a highly successful employment- fraud scheme in which trained North Korean operatives get jobs at companies around the...