US Treasury used AI to recover $4 billion in fraud over past year
The US Treasury has tapped into AI machine learning to sift through data to detect and prevent billions of dollars in check fraud. Go to Source
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Hong Kong cops clean out alleged $46M deepfake crypto scam
Hong Kong police arrested 27 people it accused of running an AI deepfake crypto scam operation from a 4,000-square-foot industrial building in the region. Go to Source
Forcount ‘Ponzi scheme’ promoter sentenced to 20 years in prison
According to US prosecutors, Juan Tacuri, and his co-conspirators, defrauded investors of $8.4 million in an apparent Ponzi Scheme. Go to Source
$150M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt Underway
A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions in cryptocurrency and disappearing just before his trial. An active investigation … Read more
Telegram to open an office in Kazakhstan, boost regulatory compliance
Telegram’s agreement to set up an office in Kazakhstan aligns with the firm’s increasing compliance efforts as its CEO remains in France amid an ongoing investigation. Go to Source
Convicted FTX executive Ryan Salame is officially in prison custody
During a recent appearance on Tucker Carlson’s podcast, Salame claimed federal prosecutors unfairly targeted him for political reasons. Go to Source
High-Return Crypto Scheme Hit With Cease-and-Desist in Texas
Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset arbitrage trading but is accused of misleading investors. Authorities claim the company falsely asserted SEC registration and used illegal multilevel marketing tactics, posing … Read more
FBI Warns Investors of Growing Crypto Scams Amid Billion-Dollar Losses
The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency investors, highlighting a surge in scams, particularly targeting retirees and the elderly. FBI experts explain how scammers trick victims into fake crypto investments and scare them into handing over more funds before vanishing with the money. FBI Warns of Growing Cryptocurrency Scams Amid … Read more
NFT holders sue art gallery alleging it broke metaverse promise
A group of NFT holders sued the creators of the collection, claiming they made no significant steps to fulfill promised perks and had no knowledge of blockchain. Go to Source
FBI Seeks Crypto Fraud Victims in Major Market Manipulation Case
The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and artificially inflating trading volumes to deceive investors. FBI Seeks Victims in Major Cryptocurrency Fraud Investigation The Federal Bureau of Investigation (FBI)’s Boston Division is calling on … Read more