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.

TD Bank and HBSC Make ‘Monumental’ Settlement in $7B Ponzi Case

TD Bank and HBSC Make ‘Monumental’ Settlement in $7B Ponzi Case
TD Bank and HBSC Make ‘Monumental’ Settlement in $7B Ponzi Case
February 27, 2023  |  Legal & Regulation

A group of banks have agreed to settle a lawsuit tied to a $7 billion Ponzi scheme. Get the Full Story Complete the form to...

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PYMNTS Intelligence: CUs Can Do More to Address Members’ Fraud Concerns
PYMNTS Intelligence: CUs Can Do More to Address Members’ Fraud Concerns
February 27, 2023  |  Credit Unions

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Former MoviePass Executive Charged with Wire Fraud and Money Laundering
Former MoviePass Executive Charged with Wire Fraud and Money Laundering
February 24, 2023  |  Cybersecurity

A former executive at MoviePass was charged with wire fraud and money laundering for allegedly taking money to pay for a party at Coachella. Get...

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New Criminal Charges Allege Bankman-Fried Used FTX Funds as Personal Piggy Bank
New Criminal Charges Allege Bankman-Fried Used FTX Funds as Personal Piggy Bank
February 24, 2023  |  Legal & Regulation

Sam Bankman-Fried’s associates have flipped on him, and now here comes the script. Get the Full Story Complete the form to unlock this article and...

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New Indictment Portrays Bankman-Fried’s ‘Savior’ Image as a Smokescreen
New Indictment Portrays Bankman-Fried’s ‘Savior’ Image as a Smokescreen
February 23, 2023  |  Legal & Regulation

Federal prosecutors have indicted FTX founder Sam Bankman-Fried for a host of new crimes. Get the Full Story Complete the form to unlock this article...

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Report: Mysterious ‘Nevada Group’ Launches Mass Ransomware Attack
Report: Mysterious ‘Nevada Group’ Launches Mass Ransomware Attack
February 23, 2023  |  Cybersecurity

Hackers dubbed the “Nevada Group” have reportedly launched one of the largest ever ransomware attacks. Get the Full Story Complete the form to unlock this...

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NYDFS Upgrades Its Crypto Fraud Detection Arsenal
NYDFS Upgrades Its Crypto Fraud Detection Arsenal
February 21, 2023  |  Fraud Prevention

New York’s financial watchdog is continuing its crypto crackdown with new fraud detection tools. Get the Full Story Complete the form to unlock this article...

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57% of Consumers Trust Banks to Safeguard Credentials With Vaults
57% of Consumers Trust Banks to Safeguard Credentials With Vaults
February 21, 2023  |  Cybersecurity

When it comes to keeping online credentials and payments safe, consumers trust their banks. Get the Full Story Complete the form to unlock this article...

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