fraud
Australia’s Fraud-Intel Network Exposes $60M in Scams as Account Takeovers Rise 47%
- Many fraud schemes reportedly originate from organized criminal groups in Southeast Asia, some linked to Chinese crime groups.
- Scam trends in 2025 showed mixed movements, with phone and purchase scams remaining dominant.
Wednesday, 26/11/2025 | 13:44 GMT by
Jared Kirui
Cyprus Shell Firms Helped Power a €300M Global Credit Card Scam, Authorities Say
- According to Europol, the fraudsters reportedly charged small, recurring payments—usually under €50—to avoid detection.
- The shell companies were reportedly often obtained through “Crime-as-a-Service” providers, which specialize in selling criminal tools.
Wednesday, 05/11/2025 | 18:05 GMT by
Jared Kirui
This New Crypto Scam Starts With “Congratulations, You’re Hired,” Kraken Warns
- Fraudsters are now targeting victims through LinkedIn, email, and messaging apps with unsolicited job offers.
- The surge in AI-generated content and deepfakes is fueling identity fraud, with recent report showing that one in 20 ID checks is now fraudulent.
Monday, 27/10/2025 | 14:24 GMT by
Jared Kirui
Russian Citizen Accused of $31 Million Multi-Year US Brokerage Account Fraud
- The SEC charged Dmitrii Kushnarev with running a seven-year scheme that hacked hundreds of U.S. brokerage accounts to manipulate stock and options prices.
- The 58-year-old allegedly used 23 fake identities with fake European citizenships to open dozens of trading accounts and avoid detection.
Thursday, 25/09/2025 | 06:15 GMT by
Damian Chmiel
SEC and CFTC Hit Fraudsters with $4M in Penalties in One Day
- Financial regulators secure major settlements against three separate firms involved in investor fraud and market manipulation schemes.
- Moreover, the enforcement actions resulted in lifetime trading bans, prison sentences, and millions in victim restitutions.
Thursday, 18/09/2025 | 06:40 GMT by
Damian Chmiel
Fake Trading Guru Used YouTube Channel to Lure $18 Million In Alleged Ponzi Scheme
- SEC claims Arsalan Rawjani targeted the North Texas Ismaili Muslim community with a fake trading program.
- The scheme collapsed in late 2023 after three years of operations using investor money for personal expenses.
Tuesday, 09/09/2025 | 06:23 GMT by
Damian Chmiel
Investment Guru's 4,000% Annual Return Promise Costs Investors $2 Million
- A trading adviser who promised impossible returns was hit with default judgments totaling over $160,000.
- His schemes targeting passive income seekers collectively cost investors at least a few million dollars.
Monday, 25/08/2025 | 14:46 GMT by
Damian Chmiel
How Two “Investors” Fooled 55 People from New Zealand for Seven Years
- The married couple convinced victims from the local community that they were experienced traders. Zapytaj ChatGPT
- In reality, the fraudsters used new funds to pay earlier investors and cover personal expenses.
Monday, 11/08/2025 | 06:52 GMT by
Damian Chmiel
$60 Billion in Crypto Fraud: How Pig Butchering and Rug Pulls Steal Millions
- The largest loss was $40 billion from Luna Yield, says UPay after reviewing 236 scams.
- Rug pulls steal millions as developers vanish after raising funds, 29 cases reported involving tokens or NFTs.
Tuesday, 05/08/2025 | 12:23 GMT by
Tareq Sikder
CySEC Warns of Fake Recovery Sites Targeting Fraud Victims
- Cyprus's financial regulator has warned about six fake recovery services targeting individuals who've already lost money to investment scam.
- These malicious sites falsely claim affiliation with CySEC while collecting personal information for further scams.
Tuesday, 29/07/2025 | 06:32 GMT by
Damian Chmiel
Brazil Jails Braiscompany Trio for 171 Years over R$1.1 Billion Ponzi Crypto Scheme
- The mastermind has received 128 years for leading a pyramid structure that drew in 20,000 investors.
- The court ordered R$36 million to be seized, but victim recovery remains uncertain.
Friday, 18/04/2025 | 14:16 GMT by
Tareq Sikder
20,000+ Hours of Phone Calls, Screen Recordings Uncover Two Massive Boiler Room Operations
- One fraud operation ran from Georgia, while the other had multiple European hubs and was controlled from Israel.
- They siphoned about $35.3 million and over $247 million, respectively, from tens of thousands of victims.
Friday, 07/03/2025 | 13:16 GMT by
Arnab Shome
Phishing Accounts for Nearly 70% of Fraud in Germany, Consumers Lose Over €200 Billion
- BioCatch's research shows that phishing remains Germany's top fraud threat, with cases increasing by 4.8% over the past year.
- A large portion (43%) of social media users in Germany invest in digital assets, often relying on influencers.
Wednesday, 26/02/2025 | 17:19 GMT by
Jared Kirui
Argentine President Milei Faces Charges by Lawyers in Libra Crypto Collapse
- The Libra token's market value plummeted over 94% after the president deleted a post endorsing it.
- The president faces allegations of violating Public Ethics Law and involvement in pump-and-dump scheme.
Monday, 17/02/2025 | 17:29 GMT by
Tareq Sikder
He Promised Gold-Backed Crypto, Calling It “My Big Coin”— Now He Owes $7.6 Million
- Federal courts ordered Crater and Russell to pay $9.1M combined in restitution for separate digital asset fraud schemes.
- Both perpetrators received prison sentences and trading bans for defrauding investors through false claims and misappropriation of funds.
Tuesday, 11/02/2025 | 07:13 GMT by
Damian Chmiel
FSMA Reports €15.9 Million in H2 Fraud Losses and 297 Warnings in 2024
- In 2024, the regulator received 2,621 reports of unauthorized activities, a 20% rise from 2023.
- Recovery room fraud cases rose 57% in 2024, with fraudsters impersonating financial authorities.
Thursday, 16/01/2025 | 11:04 GMT by
Tareq Sikder
For Two Years They Scammed Crypto Investors. Now Must Pay $1.1 Million
- Florida court orders Mosaic Exchange and CEO to pay a penalty for crypto trading fraud that targeted 18 investors.
- The scheme involved false claims about trading algorithms and fabricated profit margins during 2019–2021.
Tuesday, 14/01/2025 | 07:12 GMT by
Damian Chmiel
Identity Fraud in the Age of AI: Account Takeover Scams Soar 250%
- Sumsub's latest report showed that fake IDs and altered documents account for 50% of identity fraud cases.
- Fraud rates vary regionally, with Latvia, Ukraine, and Estonia leading in Europe, while Singapore experienced a 207% surge.
Thursday, 21/11/2024 | 13:38 GMT by
Jared Kirui
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