A sophisticated crypto investment scam has been dismantled by Spanish authorities following arrests of six individuals connected to a scheme that defrauded over 200 victims worldwide. This intricate […]
Spain Cracks Down on $20 Million AI-Powered Crypto Scam: Six Arrested
Spanish authorities have arrested six individuals suspected of orchestrating a sophisticated global investment scam that used artificial intelligence (AI) to defraud over 208 victims out of more than […]
London Launches New Program to Compensate Fraud Victims
London law enforcement officials are launching a new initiative to help victims of fraud regain financial losses. This program, in collaboration with international law firm Gowling WLG, aims […]
Nigerian Fraudster Nets N25,000 for Bank Account Details to Aid Criminal Activities
The Economic and Financial Crimes Commission (EFCC) in Benin has apprehended Olawole Sunday, a suspected fraudster accused of purchasing bank account details for fraudulent purposes. Investigation reveals that […]
CLS Global Loses $428,059 from ‘Wash Trading’ Scheme Unveiled by FBI
The US Federal Court in Boston recently fined CLS Global, a UAE-based cryptocurrency market-making firm, $428,059 for engaging in wash trading. This follows an investigation led by the […]
Facebook Marketplace Scam Targets Nigerians with Fake Customs Auctions
A concerning scam targeting Nigerians on Facebook Marketplace is using fake customs auction schemes to defraud unsuspecting buyers. Fraudsters pose as officers from the Nigeria Customs Service (NCS), […]
Justin Sun Warns of Major Fraud Allegations Against FDT, Raising Concerns for Hong Kong’s Financial Integrity
Cryptocurrency industry veteran Justin Sun has taken a strong stance against First Digital Trust (FDT), the issuer of FDUSD stablecoin. He alleges that FDT engaged in serious misconduct, […]
UK Police Partner with Law Firm for Asset Recovery Program Following Crypto Fraud Seizure
The UK police have joined forces with law firm Gowling WLG to launch a new asset recovery program following successful seizure of illicit funds. This initiative, driven by […]
Haru Invest Customer Sentenced to 5 Years After Attacking CEO During Fraud Trial
A customer of the embattled digital asset platform Haru Invest has been sentenced to five years in prison for violently attacking the company’s CEO during a high-profile fraud […]
FBI Secures $8 Million in Crypto Funds to Help Bank Fraud Victims
In a major win for victims of bank fraud, the FBI has recovered over $8 million in cryptocurrency assets. This action was possible thanks to the cooperation of […]
Justin Sun Accuses FDT of $500M Fraud, Ripple Effect Ignites Cryptocurrency Markets
Cryptocurrency tycoon Justin Sun has publicly accused Hong Kong-based FDT Limited of embezzling $500 million. Sun’s allegations have ignited a major stir in the crypto community and could […]
WhatsApp Scams Cost UK Consumers £2,437: Revolut Report Highlights Growing Financial Threat
A new report from Revolut reveals the staggering financial impact of WhatsApp scams in the UK, with consumers losing an average of £2,437 per victim. This alarming statistic […]
SEC Charges Arizona Trio in $284 Million Municipal Bond Fraud Case
The U.S. Securities and Exchange Commission (SEC) has filed fraud charges against three individuals from Arizona for orchestrating a fraudulent scheme involving municipal bonds, resulting in a loss […]
Iran’s Cryptocurrency Market Hit by Major Fraud Scandal Involving Intelligence Officials
A significant fraud scandal has rocked Iran’s cryptocurrency market, revealing the involvement of intelligence officers from the Islamic Revolutionary Guard Corps (IRGC). The investigation uncovered embezzlement of $21 […]
South Korean Court Sentences Three to Prison for $460,000 Crypto Fraud
In a significant case against crypto scammers, three South Koreans were sentenced to prison for a fraudulent investment scheme targeting an estimated $460,000. The mastermind, who led the […]