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.

US Lawmakers Say FinTechs in PPP Acted ‘Recklessly’
US Lawmakers Say FinTechs in PPP Acted ‘Recklessly’
December 01, 2022  |  Regulation

A U.S. House subcommittee said FinTech companies facilitated fraud in the Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this...

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Why Fraudsters Are Big Fans of Real-Time Payments
Why Fraudsters Are Big Fans of Real-Time Payments
November 30, 2022  |  Security & Fraud

Real-time data. Online social networks. Real-time payments. For the fraudsters, it’s all a match made in heaven. Get the Full Story Complete the form to...

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British Court Orders Crypto Exchanges to Disclose Customer Information
British Court Orders Crypto Exchanges to Disclose Customer Information
November 29, 2022  |  Cryptocurrency

A British court has ordered six cryptocurrency exchanges to help a rival track stolen funds. Get the Full Story Complete the form to unlock this...

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Mangopay to Acquire Polish Anti-Fraud Tech Startup Nethone
Mangopay to Acquire Polish Anti-Fraud Tech Startup Nethone
November 29, 2022  |  Acquisitions

Mangopay, a Luxembourg-based FinTech that specializes in payment solutions for platforms and marketplaces, announced it is set to acquire Polish anti-fraud technology firm Nethone for...

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FTX Collapse Was Old Tricks Powered by New Technology
FTX Collapse Was Old Tricks Powered by New Technology
November 29, 2022  |  Cryptocurrency

The collapse of FTX has spurred calls for greater oversight of the crypto industry. Get the Full Story Complete the form to unlock this article...

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PSCU Adds New Level to Fraud Services Tool
PSCU Adds New Level to Fraud Services Tool
November 28, 2022  |  Security & Fraud

Payments credit union service organization (CUSO) PSCU is now offering its enhanced fraud services in two varieties — consulting and monitoring — to enable credit...

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UK Police See $1.5B Crypto Fraud ‘Epidemic’
UK Police See $1.5B Crypto Fraud ‘Epidemic’
November 28, 2022  |  Cryptocurrency

Cryptocurrency fraud rose by 32% in the U.K. over the last year, part of a larger fraud “epidemic” that began during the pandemic as people...

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US Banks Devising Plan to Reimburse Zelle Scam Victims
US Banks Devising Plan to Reimburse Zelle Scam Victims
November 28, 2022  |  Banking

Seven of America’s largest banks are reportedly working on a plan to reimburse victims of scams on their payment network Zelle amid calls for greater...

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Conflict of Interest Costs SBF His Lawyers
Conflict of Interest Costs SBF His Lawyers
November 23, 2022  |  Cryptocurrency

Add this to the list of troubles befalling FTX founder Sam Bankman-Fried this month: his law firm has reportedly stopped representing him due to an...

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