FTX"s Nishad Singh pleads guilty to fraud charges
Former FTX engineer says he is 'unbelievably sorry' for his role in the alleged crypto scheme......»»
Sam Bankman-Fried begins testifying in risky bid to beat FTX fraud charges
SBF said he thought loans were legal but didn't fully read FTX terms of service. Enlarge / FTX Founder Sam Bankman-Fried arrives at US District Court on March 30, 2023, in New York City after being hit with a criminal charge for.....»»
Sam Bankman-Fried to testify in hopes of avoiding life in prison
After lots of damaging testimony, former FTX boss will take the stand. Enlarge / Sam Bankman-Fried’s former flatmates (from top) Caroline Ellison, NIshad Singh, and Gary Wang have given evidence against him. (credit: FT montage.....»»
Sam Bankman-Fried may testify in hopes of avoiding life in prison
After lots of damaging testimony, reports say former FTX boss will take the stand. Enlarge / Sam Bankman-Fried’s former flatmates (from top) Caroline Ellison, NIshad Singh, and Gary Wang have given evidence against him. (credit.....»»
Oscilar introduces generative AI powered platform for fraud prevention
Oscilar unveiled a generative AI risk decisioning offering that enables companies to manage credit, fraud, and compliance risks. Even the most well-funded companies struggle to keep up with the increasing pace and sophistication of fraud schemes, whi.....»»
Online scammers target desperate loan seekers using online fraud
Indian consumers are being tricked out of their hard-earned money......»»
At the foreshore of sustainable fishing: A new tool to tackle seafood fraud
Warming waters due to climate change, pollution, overfishing and fraud in the seafood supply chain means that knowing where your seafood comes from, and that it has been sourced sustainably and without forced labor, is as important as ever......»»
The double-edged sword of heightened regulation for financial services
Financial services organizations are enticing targets for cybercriminals due to their significant wealth holdings, presenting abundant opportunities for monetary gain through extortion, theft, and fraud, according to Trustwave. In addition to the mon.....»»
Sumsub For Fake’s Sake combats deepfake and synthetic fraud
Sumsub released For Fake’s Sake, a set of models enabling the detection of deepfakes and synthetic fraud in visual assets. Following this initial contribution, Sumsub will leverage feedback from the AI-research community to further improve the.....»»
New York AG accuses crypto firms of deceiving investors in $1 billion fraud
On Thursday, New York's attorney general filed a lawsuit against three digital asset firms that were caught up in the collapse of Bankman-Fried's empire last fall — Gemini Trust, Genesis Global Capital and Digital Currency Group, parent company of.....»»
Prove Identity raises $40 million to boost its digital identity solutions
Prove Identity has announced a $40 million funding round led by MassMutual Ventures and Capital One Ventures. The funds will be used to launch new commerce enablement and fraud-fighting use cases, continue Prove’s global expansion, and address the.....»»
Apple debuts third-generation Apple Pencil with USB-C charging
Apple has launched what it calls a "more affordable" Apple Pencil, adding USB-C charging for all modern iPads, but removing one key feature.The new Apple Pencil charges with USB-CThe new Apple Pencil is more universal than the previous models, and wo.....»»
Accounting is facing a labor crisis. Could fraud be part of the solution?
The field of accounting is facing a labor crisis. From the high rates of baby boomer CPAs that are retiring to the 4% decline in the number of college graduates earning a bachelor's or master's degree in accounting since the pandemic, accounting is s.....»»
India arrests Chinese smartphone executive in fraud probe
An executive at Vivo, one of China's top smartphone makers, has been arrested in India in connection with a money laundering probe, raising fears of a renewed crackdown on Chinese businesses in the country......»»
Korean antitrust regulators find Apple and Google guilty of anti-competitive behavior
Apple’s long-running battle with Korean antitrust regulators is showing no signs of ending any time soon. In the latest development, the Korea Communications Commission (KCC) has found both Apple and Google guilty of anti-competitive behavior, r.....»»
Premier League Puts Another IPTV Pirate in Prison; Spot The Subtle Messaging
A man from Shrewsbury has joined a growing list of people in prison for defrauding the Premier League. Steven Mills was behind the pirate IPTV brands Eyepeeteevee and Pikabox. Mills pleaded guilty in June and at Crown Court this week, received a 36-m.....»»
How a chatbot encouraged a man who wanted to kill the Queen
The case of Jaswant Singh Chail raises questions about the safety of AI-powered chatbots......»»
Windsor crossbow case: What are the dangers of AI chatbots?
The case of Jaswant Singh Chail raises questions about the safety of AI-powered chatbots......»»
Sam Bankman-Fried lawyer complains US portrays him as “cartoon villain”
FTX founder's fraud trial kicks off with opening statements. Enlarge / A courtroom sketch of Sam Bankman-Fried in Manhattan federal court on Wednesday. (credit: AP) Sam Bankman-Fried has been painted as a “cartoon vill.....»»
Veriff unveils fraud mitigation solutions
Veriff launched its new Fraud Protect & Fraud Intelligence packages. These offerings provide organizations tools and expertise to mitigate fraud attempts and verify more genuine users efficiently. Each package is tailored towards meeting the specific.....»»
Medius Fraud & Risk Detection helps organizations prevent fraud
Medius announces a new Fraud & Risk Detection product to help businesses proactively prevent fraud, and gain greater visibility and more control across the invoice to pay lifecycle. The new solution extends existing risk and compliance controls withi.....»»