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.

Only One-Third of Firms Use Critical AP/AR Automation Tools
Only One-Third of Firms Use Critical AP/AR Automation Tools
August 16, 2023  |  Accounts Payable

Accounts receivable (AR) and accounts payable (AP) workflows rely on labor-intensive, manual processes prone to human error and delays — but specialized software and automation...

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A Crypto Crime Chronicled: Prosecutors Lay Out Case Against Bankman-Fried
A Crypto Crime Chronicled: Prosecutors Lay Out Case Against Bankman-Fried
August 15, 2023  |  Legal

Facing consequences is something relatively new for alleged cryptocurrency criminal Sam Bankman-Fried. But the FTX co-founder is currently caught up in a legal battle that could...

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FTX Founder Charged With Using Customer Funds for Political Contributions
FTX Founder Charged With Using Customer Funds for Political Contributions
August 14, 2023  |  Cryptocurrency

FTX founder Sam Bankman-Fried has been charged with using stolen customer funds to make more than $100 million in political campaign contributions. This allegation is...

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Genesis Bidco Aims to Acquire Fraud Prevention Firm Glantus
Genesis Bidco Aims to Acquire Fraud Prevention Firm Glantus
August 14, 2023  |  Acquisitions

Basware subsidiary Genesis Bidco Limited has announced its intention to purchase the entire share capital of Glantus Holdings PLC, a provider of specialist audit recovery and fraud...

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The Trade-Off With That Free, Unexpected Package You Received — Your Identity
The Trade-Off With That Free, Unexpected Package You Received — Your Identity
August 14, 2023  |  Security & Fraud

Have you received an unexpected package lately? It might be from Amazon, Home Depot, or any other retailer you can think of. While receiving an...

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FTX’s Bankman-Fried Trades Parent’s Home for Prison as Judge Revokes Bail
FTX’s Bankman-Fried Trades Parent’s Home for Prison as Judge Revokes Bail
August 11, 2023  |  Legal

It is official: orange is the new black for accused crypto criminal Sam Bankman-Fried. This, as a federal Judge revoked the FTX co-founder’s bail and sent him...

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Federal Judge Revokes Bail for FTX Founder Sam Bankman-Fried
Federal Judge Revokes Bail for FTX Founder Sam Bankman-Fried
August 11, 2023  |  Legal

FTX founder Sam Bankman-Fried was ordered to jail Friday (Aug. 11) after a federal judge revoked his bail. Since his arrest on fraud charges in December, Bankman-Fried had been under...

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Orange May Be the New Black for FTX’s Sam Bankman-Fried
Orange May Be the New Black for FTX’s Sam Bankman-Fried
August 11, 2023  |  Legal

Sam Bankman-Fried’s fraudulent cryptocurrency empire fell apart last November. So too did the hopes and financial goals of the more than 1 million customers who...

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Omnichannel Is a Merchant Priority and Fraudster Opportunity
Omnichannel Is a Merchant Priority and Fraudster Opportunity
August 09, 2023  |  Retail

The embrace of omnichannel commerce as the pandemic recedes has brought a “new normal” for merchants, Adam Gunther, senior vice president and chief product officer...

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