Read more about our response to COVID-19 - English Version Spanish Version

05.22.20

'Hundreds of millions of dollars' lost in Washington to unemployment fraud amid coronavirus joblessness surge

Washington state officials have acknowledged the loss of "hundreds of millions of dollars" to an international fraud scheme that hammered the state's unemployment insurance system and could mean even longer delays for thousands of jobless workers still waiting for legitimate benefits.



05.22.20

Lori Loughlin and husband to plead guilty to fraud in college admissions scandal

Actress Lori Loughlin and her husband will plead guilty to fraud in connection with the college admissions scandal after maintaining their innocence for more than a year, the Los Angeles Times reported Thursday, citing a federal court filing.



05.22.20

Chinese national busted for $20M coronavirus loan fraud

A Chinese national living in New York City was arrested Thursday for trying to defraud the government of $20 million meant for small businesses struggling from the effects of the coronavirus pandemic, officials announced.



05.22.20

How PNC Is Fighting Pandemic-Fueled Financial Crime

Financial crime is a never-ending concern for banks, credit unions (CUs) and other financial institutions (FIs), with trillions of dollars and untold terabytes of personal information stolen every year.



05.22.20

Brazil to Investigate Banks Denying Service for Crypto Companies

Local authorities reopen the case against lenders who reportedly refuse to work with cryptocurrency firms.



05.21.20

Beware of coronavirus contact tracing scams, N.J. officials warn. Thousands of fraud cases reported.

New Jersey officials warned Wednesday that thousands of scams have been reported involving phony coronavirus contact tracers seeking to get information from residents with Gov. Phil Murphy saying those criminals have a "special place in hell."



05.21.20

Scandal-hit states oppose plan for EU scrutiny of money laundering

A plan to boost European Union powers to curb the flow of dirty money through banks faced resistance at an EU meeting from member states recently hit by major money-laundering and financial fraud scandals, three officials told Reuters.



05.21.20

Bitcoin stalls at key $10,000 resistance level, but has significant upside if it can break through

The cryptocurrency had been widely expected to break higher in anticipation of a halving, but instead it sold off.



05.21.20

US federal court begins investigating Kolomoisky's alleged money laundering activities

Ukrainian billionaire Igor Kolomoisky is under investigation by a United States federal court for allegedly laundering hundreds of millions of dollars in US real estate, US media reported.



05.21.20

FTC, DOJ crack down on surge of allegedly fraudulent COVID-19 'treatments'

The Federal Trade Commission and Justice Department are seeing a rising number of promotions of allegedly bogus treatments and cures for COVID-19, which they charge are in certain cases pushed directly by doctors and other licensed health care professionals.



05.20.20

Mastercard Launches Anti-Fraud Measures At Gas Pumps

Mastercard has announced a series of consumer protections aimed at protecting customers and merchants from fraud at fuel stations.



05.20.20

EU, Caribbean Nations at Loggerheads Over Money Laundering Blacklist

The European Union's latest money laundering blacklist included four Caribbean nations that have been deemed to be high-risk countries.



05.20.20

Unsanitized: Look at That, Fraud in Mortgage Markets!

Plus, the post-corona world and media innumeracy. This is The COVID-19 Daily Report for May 19, 2020.



05.20.20

Choosing the Right Fraud Models during the COVID-19 Outbreak

The Covid-19 outbreak has meant that industries across the board have had to adapt to different ways of operating while countries around the world are in lockdown.



05.20.20

U.S. charges Texas man with $5 million-plus coronavirus loan fraud

U.S. federal prosecutors charged a Texas man on Tuesday with fraudulently seeking $5 million in loans from an emergency program established to ease the economic strain caused by the coronavirus pandemic.



05.19.20

How Business Owners Can Watch For Fraud

Fraud can quickly take down a successful business, or at the very least create significant issues for you to deal with.



05.19.20

Combating health care fraud as CMS loosens rules to respond to coronavirus

In the midst of a raging, all-hands-on-deck battle, the rules of engagement tend to change fast.



05.19.20

A Nigerian crime ring siphoned millions of dollars from US unemployment programs amid COVID-19 shutdowns, officials say

The US Secret Service has identified criminal actors targeting state unemployment funds using personal information stolen from Americans, the agency confirmed to Business Insider.



05.19.20

Moldova accuses tycoon of involvement in $1 billion fraud

Moldova's Prosecutor General said on Monday that one of the country's richest people, Vladimir Plahotniuc, had been charged with involvement in the theft of $1 billion from Moldovan banks in 2014-2015.



05.19.20

Latvia Charges Ex-Swedbank Employees With Money Laundering

Latvia's Prosecution Office pressed charges against 11 people, including former Swedbank's employees, accusing them of money-laundering, the bank's Latvian branch announced on Thursday.



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