Fraud Headlines

2022 Articles

February 

U.K. Launches 'Forensic' Probe of Fraud Agency After Unaoil Failings 

A former senior judge will lead a "forensic and robust" review into failings at the U.K. Serious Fraud Office during a high-profile bribery case, Britain's Attorney General said on Wednesday, piling pressure on SFO director Lisa Osofsky. (Reuters)

Feds Arrest a New York Couple and Seize $3.6 Billion in Stolen Cryptocurrency 

A New York couple has been arrested and charged with conspiring to launder $4.5 billion in stolen cryptocurrency funds. (CNN)

PayPal Admits 4.5 Million Accounts Were Illegitimate As Fintech’s Fraud Problem Grows 

Fraud continues to plague fintech businesses large and small. (Forbes)

January 

HP Wins Huge Fraud Case Against Autonomy’s Mike Lynch 

The ruling, the biggest civil fraud trial in UK history, could also increase the likelihood of Lynch being extradited to the United States, where he faces further fraud charges. (Wired)

Online Investment Fraud Network Taken Down by Law Enforcement 

Bulgarian law enforcement has successfully taken down a network of online investment fraudsters responsible for losses of more than €10m. (InfoSecurity)

Tencent Fires 70 People and Blacklists 13 Firms in Anti-Fraud Campaign 

The latest internal investigation comes after a year of tightening regulation on China’s technology sector and as Beijing scrutinizes the practices of the country’s internet titans. (CNBC)

$4B Stanford Fraud Case Against Banks to Go to Trial in Houston 

After more than a dozen years of motions, objections, petitions and appeals, the multibillion-dollar civil fraud case against five banks that provided financial services to Ponzi scheme perpetrator R. Allen Stanford and his investment firm will finally go to trial later this year and the trial will take place in Houston. (Houston Chronicle)

Donald Trump Investigation Reveals New Details of Alleged Fraud 

Donald Trump's family business misrepresented the value of some of its biggest assets by hundreds of millions of dollars, according to documents filed by the New York attorney general. (BBC)

Elizabeth Holmes Convicted of Fraud but Acquitted on Other Charges 

A jury convicted Holmes, who was CEO throughout the company's turbulent 15-year history, on two counts of wire fraud and two counts of conspiracy to commit fraud after seven days of deliberation. (CBS)

IRS' Top 10 Criminal Cases of 2021 

Internal Revenue Service Criminal Investigation this week announced its top 10 cases for calendar year 2021. (ThinkAdvisor)

Back to top