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.

Four Executives Sentenced in SBA Fraud Case

Four Executives Sentenced in SBA Fraud Case
Four Executives Sentenced in SBA Fraud Case
December 17, 2021  |  Cybersecurity

Four Indiana executives once associated with the now-defunct Banc-Serv Partners LLC were sentenced to prison in federal court this week. The government alleged that all...

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Ex-Olympian Allison Baver Accused of $10M in PPP Fraud
Ex-Olympian Allison Baver Accused of $10M in PPP Fraud
December 17, 2021  |  Cybersecurity

Federal prosecutors say that a former Olympic speed skater fraudulently obtained $10 million in COVID relief funds, using some of that money to finance a...

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‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
December 17, 2021  |  Legal & Regulation

The U.K.’s Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 ($84.7 million) for “failings” in its anti-money laundering (AML) system. Get the Full Story...

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Visa Reports EMV® 3DS Delivers 35% Less Fraud, More Approvals, Superior Shopping Experience
Visa Reports EMV® 3DS Delivers 35% Less Fraud, More Approvals, Superior Shopping Experience
December 16, 2021  |  Cybersecurity

When consumers rushed into online shopping at the beginning of the pandemic, fraudsters were not far behind. In particular, the accelerated growth of eCommerce and...

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2021 Crypto Scams Top $7.7B, Fueled by DeFi-Friendly ‘Rug Pulls’
2021 Crypto Scams Top $7.7B, Fueled by DeFi-Friendly ‘Rug Pulls’
December 16, 2021  |  Cryptocurrency

When South Africa-based cryptocurrency exchange Luno discovered that many of its clients were being targeted by a project that promised investors returns so large that...

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Ex-McKinsey Partner Pleads Guilty to GreenSky Insider Trading Charges
Ex-McKinsey Partner Pleads Guilty to GreenSky Insider Trading Charges
December 15, 2021  |  Cybersecurity

Ex-McKinsey partner Puneet Dikshit, 40, has pled guilty to securities fraud, CNBC writes.  Get the Full Story Complete the form to unlock this article and...

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Biometric Onboarding Seen as Must-Have in FinTech Fight Over Identity Theft
Biometric Onboarding Seen as Must-Have in FinTech Fight Over Identity Theft
December 15, 2021  |  AML

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Report: Businesses Challenged to Close the Consumer Biometric Perception vs. Use Gap
Report: Businesses Challenged to Close the Consumer Biometric Perception vs. Use Gap
December 15, 2021  |  Authentication

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