09.24.20

Money laundering fuels 'rampant criminality,' senator says. Will lawmakers do something?

Federal Reserve Chairman Jerome Powell goes before the Senate Banking Committee on Thursday, his third time testifying on Capitol Hill this week and perhaps the first time he'll get a question about The FinCEN Files.



09.24.20

$90k seized in Vega, suspect charged with money laundering

The Texas Department of Public Safety seized more than $90,000 in cash Monday, after a Texas Highway Patrol Trooper stopped a vehicle in Oldham County.



09.24.20

El Salvador's President Bukele Linked to Venezuelan Money Laundering Scheme: Report

Public officials and private individuals close to the president of El Salvador, Nayib Bukele, have been linked to a massive money-laundering scheme involving Venezuelan state oil company PDVSA, according to a report recently published by Washington DC-based thinktank IBI Consultants.



09.24.20

As Feds go after PPP fraud, businesses apply for loan forgiveness

The federal government is cracking down on alleged fraud in the Paycheck Protection Program.



09.24.20

Watch out for text fraud

Have you recently gotten a text from someone you don't know, telling you that you have a package or won a prize? All you have to do is click the link in the text to claim it.



09.23.20

A fraud-detection company just got busted for committing fraud

Just to be safe, we're going to need a team of fraud investigators to keep tabs on our fraud investigators.



09.23.20

Leaked bank documents show South Florida real estate's alleged ties to money laundering

Suspicious activity reports were collected and analyzed by the Financial Crimes Enforcement Network, or FinCEN



09.23.20

Deep Dive: How QSRs Can Fight The Rise Of App-Enabled Friendly Fraud

Many consumers are still hesitant to dine out during the pandemic, but a growing number are warming to delivery and carryout options.



09.23.20

KDOL audit looks into fraud, identity theft complaints

Missed payments, long delays in response time, and most recently, reports of fraud. These are some of the issues plaguing the Kansas Department of Labor as the state works to process an unprecedented amount of unemployment claims.



09.23.20

Americans have lost $145 million to scams linked to Covid-19

Americans have lost $145 million to fraud related to Covid-19, according to Federal Trade Commission data.



09.22.20

How Deutsche Bank Let Dirty Clients Run Rampant

When Robert Meltzer, who runs gyms for children in Los Angeles, found that more than $60,000 in payroll taxes - half a year's worth -had gone missing in 2013, it was too late.



09.22.20

Trump could face tax fraud probe, Manhattan prosecutor says

Manhattan's district attorney said on Monday he might have grounds to investigate President Donald Trump and his businesses for tax fraud, as he seeks to persuade a federal appeals court to let him obtain Trump's tax returns.



09.22.20

Nikola founder abruptly resigns amid fraud allegations

Nikola is reportedly under investigation by the SEC and Department of Justice.



09.22.20

Massive Allegations Of Fraud Have Forced California To Temporarily Stop Paying New Unemployment Benefit Claims

Last week, it was reported that the Pandemic Unemployment Assistance (PUA), a federal government program that was part of a $2.2 trillion relief package and designed to extend unemployment benefits to self-employed people, independent contractors, those engaged in the gig economy, part-time workers and others who were previously deemed ineligible for unemployment insurance, was plagued with allegations of fraud.



09.22.20

FinCEN Files: All you need to know about the documents leak

They also show how Russian oligarchs have used banks to avoid sanctions that were supposed to stop them getting their money into the West.



09.21.20

Leaked Treasury documents reveal how dirty money moves through global banking system

Thousands of leaked government documents covering at least $2 trillion worth of transactions reveal how some of the world's biggest banks knowingly moved around the money of oligarchs, terrorists and criminals, with few consequences, according to a massive investigation by BuzzFeed News, the International Consortium of Investigative Journalists (ICIJ) and hundreds of other news organizations.



09.21.20

Global Bank Crackdown Seen as Failing to Curb Suspect Dealings

A wave of hefty fines against major banks in the past decade spurred an explosion in the number of transactions that lenders flag as suspect to the U.S. government. It's not clear all the scrutiny is making a difference.



09.21.20

CEO Of Cyber Fraud Startup NS8 Arrested By FBI, Facing Fraud Charges

The CEO of a startup that sold fraud prevention software is facing fraud charges after he was arrested Thursday by the FBI in Las Vegas.



09.21.20

Software flaw hid signs of $576 million state unemployment fraud, officials say

The state's Employment Security Department took nearly a year to fix a software flaw that wound up playing a small but significant role in this spring's massive unemployment fraud.



09.21.20

Police arrest second Membe aide over 'money laundering'

A second aide to former foreign affairs minister Bernard Membe has been arrested over a police probe into alleged money laundering



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