Theranos exec Sunny Balwani convicted of fraud
He and fraudster Elizabeth Holmes ran the Silicon Valley company as a couple before its implosion......»»
Researcher investigates fraud deterrence in under-examined markets
Asper School of Business assistant professor of finance Jianning Huang has published a paper in Review of Accounting Studies, co-authored with Richard A. Cazier and Fuzhao Zhou, that examines how regulation affects the prevalence of fraud in over-the.....»»
Former Okla. Kia, Mitsubishi dealer gets nearly 11 years for fraud, tampering
U.S. District Judge Stephen Friot sentenced Bobby Mayes to 130 months in prison for defrauding car lenders at his Big Red Dealerships Group and a concurrent 65 months for tampering with his case after his conviction. He must also forfeit $1 million i.....»»
Volkswagen aims to bring under-$35,000 EV to U.S. in 3-4 years, exec says
Options include VW plants in Chattanooga, Tenn., and Puebla, Mexico, as well as a new South Carolina assembly plant planned for VW subsidiary Scout......»»
Intel versus Apple Silicon battle still alive despite M3 chips, claims CEO
Hopes of an Intel versus Apple Silicon battle are still alive, claims the US chipmaker’s chief exec – despite the Cupertino company having raised the bar yet again, with the M3 series. Intel CEO Pat Gelsinger said that the company is on track.....»»
Houston dealership, police take on fraud
Helfman CDJR-Fiat lost about six vehicles, representing about $300,000, each year to customer I.D. fraud before General Manager Steven Wolf and his staff started working with the Houston Police Department to fight these crimes......»»
Macs can now detect water in USB-C ports and spot warranty fraud
To cut down on warranty claims, Apple has added a background feature with macOS Sonoma that runs liquid detection analysis on every USB-C port on a Mac.USB-C ports (plus left, MagSafe, and right, a headphone jack) on a 14-inch MacBook ProBack in 2010.....»»
Guilty: Sam Bankman-Fried convicted on all counts after monthlong trial
Bankman-Fried convicted on seven charges, faces maximum sentence of 110 years. Enlarge / Sam Bankman-Fried leaves court in New York on Thursday, Feb. 16, 2023. (credit: Getty Images | Bloomberg) FTX founder Sam Bankman-.....»»
DigiSure TrustScreen Negative File protects sharing platforms against fraud
DigiSure has launched TrustScreen Negative File, adding another layer of protection against fraud and unwelcome activity on sharing platforms. DigiSure empowers companies to embed digital insurance offerings, control their losses and margin, and keep.....»»
Firefox lost users during “failed” Yahoo search deal, says Mozilla CEO
Mozilla could be “biggest loser” if DOJ wins Google trial, ex-Google exec says. Enlarge / Mitchell Baker, Mozilla CEO, at a conference in 2019. (credit: Horacio Villalobos / Contributor | Corbis News) This week, Moz.....»»
"Crypto King" Sam Bankman-Fried guilty of FTX fraud
The verdict concludes a stunning fall from grace for the 31-year-old former billionaire......»»
AI strengthens banking’s defense against fraud
Consumers are ready for the next wave of payment technology, including deployment of AI-driven biometrics to verify identity in digital-first account opening processes, according to Entrust. The key to future payment solutions 63% of respondents indi.....»»
FTX: "Crypto King" tells judge he acted on legal advice
Former crypto boss Sam Bankman-Fried testifies to fraud trial judge after jury sent home......»»
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.....»»
How climate change is affecting the seasons
Autumn has finally arrived in the UK following an unusually sunny September. The days are growing shorter, the temperature cooler, and the leaves are changing color......»»
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.....»»