criminals

Bitcoin Daily: Gemcoin Founder Pleads Guilty In $147M Fraud Case; Dubliner Forfeits $67.6M In Bitcoin As Part Of Drug Case
Bitcoin Daily: Gemcoin Founder Pleads Guilty In $147M Fraud Case; Dubliner Forfeits $67.6M In Bitcoin...
February 20, 2020  |  Bitcoin

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to...

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Swiss Ski Resort Accepts Bitcoin For Taxes
Swiss Ski Resort Accepts Bitcoin For Taxes
January 30, 2020  |  Bitcoin

Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government...

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The Rise Of Organized — And Disorganized — Crime In Physical Retail
The Rise Of Organized — And Disorganized — Crime In Physical Retail
January 18, 2020  |  Security & Fraud

They say the perfect crime is hard to commit, but last week in Spokane, Washington an intrepid burglar managed to pull it off at the...

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The Rise Of Holiday Reshipping Fraud
The Rise Of Holiday Reshipping Fraud
December 17, 2019  |  Security & Fraud

Criminals get into the holiday spirit, too. For instance, they know how to talk in friendly, polite terms to overworked and often-frustrated customer service representatives...

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Deep Dive: How Reshipping Scams Deliver For Fraudsters
Deep Dive: How Reshipping Scams Deliver For Fraudsters
December 03, 2019  |  Fraud Prevention

The Better Business Bureau (BBB) has a warning for the public: When an offer appears too good to be true, that is probably the case....

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Facebook To Enhance Encryption On Messenger Despite Regulators’ Protests
Facebook To Enhance Encryption On Messenger Despite Regulators’ Protests
November 06, 2019  |  Facebook

Facebook said it is going to enhance encryption capabilities on its Messenger communication platform, despite requests from lawmakers and regulators not to do so because...

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Why Friendly Fraud Is Anything But Friendly
Why Friendly Fraud Is Anything But Friendly
November 05, 2019  |  Fraud Prevention

While there is little good to be said about criminal fraudsters who plague merchants by stealing credentials to snag goods with absolutely no intention of...

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FinCEN Head: FinTech Firms Must Follow AML Laws
FinCEN Head: FinTech Firms Must Follow AML Laws
October 22, 2019  |  AML

The head of the Financial Crimes Enforcement Network (FinCEN) has warned FinTech firms that they must abide by anti-money laundering (AML) laws. “The expectation is...

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Michael Avenatti Arrested For Bank, Wire Fraud
Michael Avenatti Arrested For Bank, Wire Fraud
March 26, 2019  |  Legal

Attorney Michael Avenatti has been charged in two federal cases with wire and bank fraud, as well as allegedly attempting to extort more than $20...

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