Tag: fraud
Former NBA star Gilbert Arenas and suspected Israeli crime figure arrested in high-stakes illegal poker empire at California mansion, prosecutors said
Former Washington Wizards guard Gilbert Arenas, 43, also known as “Agent Zero,” was arrested on Wednesday with six other defendants on charges related to...
Inside the $99 million luxury wine scam that fooled over 100 global investors
Two childhood friends have found themselves at the center of a multimillion-dollar fraud prosecution in New York after what started as a luxury wine...
Arizona woman in North Korean IT workers scheme sentenced to 8.5 years for helping to trick Fortune 500 companies out of millions
Christina Chapman, 50, an Arizona woman who pleaded guilty to charges connected to the global North Korean IT workers scheme, has been sentenced to...
Sam Altman says financial industry faces a massive ‘fraud crisis’ as AI impersonates people’s voices to trick security
OpenAI CEO Sam Altman warned the financial industry of a “significant impending fraud crisis” because of the ability of artificial intelligence tools to impersonate...
A one-time ’40 under 40′ rising star in fashion pleads not guilty to charges she allegedly cheated investors out of $300 million
A former chief executive of two clothing technology companies was released on $1 million bail Friday after pleading not guilty to charges alleging she...
An American who helped North Korean IT workers rake in $17.1 million faces sentencing in scheme that tricked hundreds of Fortune 500 companies
An Arizona woman faces sentencing next week in an early test case for how U.S. authorities will mete out punishment to Americans who enmesh...
Fyre Festival sells on eBay for $245K, a sum so low it wouldn’t have been able to afford disgraced founder Billy McFarland some tickets at his own event
Fyre Festival, the troubled luxury music event and brainchild of disgraced founder Billy McFarland, sold on eBay for $245,300 on Tuesday, with 42 bidders...
Republican banker accused in $140 million Ponzi scheme bought a Patek Philippe watch, jaunts to Kennebunkport, and put millions on his credit cards
The Securities and Exchange Commission has accused Edwin Brant Frost IV and his private lending company First Liberty Building & Loan with allegedly presiding...
Deepfake scams have quietly exploded. A cloned Marco Rubio voice targeting U.S. officials is just the latest sign
Welcome to Eye on AI! In this edition...xAI releases Grok 4 amid backlash over antisemitic posts…Perplexity launches AI browser to take on Google—starting with...
Microsoft suspends 3,000 Outlook and Hotmail accounts created by North Korean IT workers
Microsoft has come out swinging against the elaborate North Korean IT worker conspiracy, suspending 3,000 known Outlook and Hotmail accounts created by the workers...