fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried

Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
Prosecutors Seek 40- to 50-Year Term for Sam Bankman-Fried
March 15, 2024  |  Legal

Federal prosecutors are seeking a 40- to 50-year prison sentence for Sam Bankman-Fried, the former CEO of the now-bankrupt cryptocurrency exchange FTX, over charges of...

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Old School Fraud: Counterfeit Cash Makes Global Comeback
Old School Fraud: Counterfeit Cash Makes Global Comeback
March 15, 2024  |  Security & Fraud

While we were all watching online fraud, social engineering and ransomware, an old school financial crime tactic is rearing its ugly head. Counterfeit banknotes are...

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Retailers Battle $101 Billion Returns Fraud Plague
Retailers Battle $101 Billion Returns Fraud Plague
March 14, 2024  |  Fraud Attack

How common has refund fraud — or returns fraud — become? Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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UnitedHealth Group Reports Critical Services Restored After Cyberattack
UnitedHealth Group Reports Critical Services Restored After Cyberattack
March 14, 2024  |  Security & Fraud

UnitedHealth Group (UHG) reported Thursday (March 14) that some critical services are back online at its subsidiary Change Healthcare, which has been dealing with a cyberattack on...

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State of the Payment Scam: Banks Battling APP Fraud
State of the Payment Scam: Banks Battling APP Fraud
March 13, 2024  |  Security & Fraud

The world’s cybercriminals all share one thing in common: they understand people can be exploited. Get the Full Story Complete the form to unlock this...

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FTC Refunds $4.1 Million to Student Loan Scam Victims
FTC Refunds $4.1 Million to Student Loan Scam Victims
March 13, 2024  |  Security & Fraud

The FTC is sending millions in refunds to victims of a student fraud scheme. Get the Full Story Complete the form to unlock this article and enjoy...

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Report: White House Urges UnitedHealth to Accelerate Payments to Providers
Report: White House Urges UnitedHealth to Accelerate Payments to Providers
March 12, 2024  |  Healthcare

White House officials reportedly met with UnitedHealth Group CEO Andrew Witty and other health insurers to urge them to accelerate their payments to healthcare providers. Get the Full Story...

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UK Wants to Turn Faster Payments Into Four-Day Payments
UK Wants to Turn Faster Payments Into Four-Day Payments
March 12, 2024  |  Fraud Prevention

When it comes to innovation, the United Kingdom can find itself on a literal island. And the kingdom’s latest regulatory push, one that is targeting...

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UK Publishes Draft Legislation to Combat Authorized Push Payment Fraud
UK Publishes Draft Legislation to Combat Authorized Push Payment Fraud
March 12, 2024  |  Fraud Prevention

The government of the United Kingdom has published draft legislation that would allow payment service providers (PSPs) to delay outbound payments processing by up to...

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