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.

SEC Charges Infinity Q Capital Founder With Valuation Fraud
SEC Charges Infinity Q Capital Founder With Valuation Fraud
February 17, 2022  |  Security & Fraud

The U.S. Securities and Exchange Commission (SEC) has charged James Velissaris, former chief investment officer and founder of Infinity Q Capital Management, with overvaluing assets...

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China’s WeChat, AliExpress Added to US Piracy Market List
China’s WeChat, AliExpress Added to US Piracy Market List
February 17, 2022  |  Mobile Commerce

The U.S. has added WeChat and online market AliExpress to its list of markets infamous for counterfeiting and piracy, Bloomberg reported. Get the Full Story...

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Credit Suisse Woes Reveal Gaps in Banks’ AML Defenses
Credit Suisse Woes Reveal Gaps in Banks’ AML Defenses
February 17, 2022  |  AML

A recent spate of high-profile money laundering cases involving big banks in Europe has shone a spotlight on just how thieves are making off with...

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NFT Chargeback Exclusion Points to Growing Concerns Over Fraud
NFT Chargeback Exclusion Points to Growing Concerns Over Fraud
February 16, 2022  |  Security & Fraud

Hermès Birkin bags start at $12,000 and stretch into the stratospheric from there. In December, an artist sold a nonfungible token (NFT) featuring an image...

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Behavioral Analytics Turn the Tables on Fake Accounts
Behavioral Analytics Turn the Tables on Fake Accounts
February 16, 2022  |  Digital Identity

You would think that decades into life lived online, we would have figured out an easier, more accurate way to authenticate someone. Get the Full...

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56% of Businesses Are Concerned About Cross-Border Payments Fraud
56% of Businesses Are Concerned About Cross-Border Payments Fraud
February 15, 2022  |  B2B Payments

In the global marketplace, successful payments decision makers have learned to connect the dots between optimizing their enterprise’s resources and ensuring that consumer and B2B...

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Judge Orders Man Detained Until Trial in NY Crypto Laundering Case
Judge Orders Man Detained Until Trial in NY Crypto Laundering Case
February 14, 2022  |  Legal

A federal judge, Chief U.S. District Judge Beryl Howell, has ordered the pretrial detention for a defendant, Ilya Lichtenstein, arrested on conspiring to launder billions...

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Colorado Eyes Requiring Personal Data for Third-Party Sellers to Curb Fraud
Colorado Eyes Requiring Personal Data for Third-Party Sellers to Curb Fraud
February 14, 2022  |  Security & Fraud

Online shoppers are likely to find ‘mystery packages’ on Facebook Marketplace that are actually situations where the shopper pays for a box of unknown goods...

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UK Tax Case Marks First Ever NFT Seizure
UK Tax Case Marks First Ever NFT Seizure
February 14, 2022  |  NFTs

In what is believed to be the first such action by British law enforcement, the U.K.’s tax watchdog has seized three non-fungible tokens (NFTs). Get...

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