Fraud
- Finance
Frankfurt offices of DWS and Deutsche Bank raided over greenwashing allegations
The Frankfurt offices of Deutsche Bank AG and its asset management subsidiary DWS Group were searched by authorities on 31…
Read More » - Finance
UBS in $25m SEC settlement over complex options products
UBS agreed to pay $25m to settle fraud charges from the Securities and Exchange Commission over a complex options-trading strategy…
Read More » - Finance
Missing ‘CryptoQueen’ added to FBI’s Most Wanted list
Ruja Ignatova, the self-styled “CryptoQueen” and founder of the OneCoin crypto project, has been added to the FBI’s 10 Most…
Read More » - Finance
Research Affiliates CEO calls crypto a ‘Ponzi scheme,’ questions ‘substance’ of blockchain
The chief executive of California-based asset manager Research Affiliates has called cryptocurrencies a “Ponzi scheme”, claiming bitcoin and the blockchain…
Read More » - Finance
Hackers steal $100m in cryptocurrency
Hackers have stolen roughly $100m in cryptocurrency from a blockchain bridge, technology company Harmony said 23 June. Harmony, which hosts the Horizon…
Read More » - Crypto currency
Britons Lost over £1.3 Billion to Online Scams in 2021
More than £1.3 billion was stolen in 2021 from Britons through fraud and scams, according to the latest figure released…
Read More » - News
UK’s most wanted woman jailed over £1billion VAT fraud after 9 years on the run
Sarah Panitzke, 48, will not face any charges for absconding as she wasn’t extradited for skipping bail after being convicted…
Read More » - Tech
SEC to Hire More Crypto Cops to Fight Digital Frauds
WASHINGTON—The Securities and Exchange Commission will boost the size of its special unit devoted to investigating cryptocurrency frauds and other…
Read More » - Uk-news
Nurse conned out of £100k by friend who said it was for uncle’s cancer treatment
A nurse has spoken out about her devastation after her best friend conned her out of more than £100,000 while…
Read More » - Finance
McKinsey agrees to $18m settlement with SEC over poor insider trading controls
WASHINGTON — McKinsey has agreed to pay $18m to settle allegations that it didn’t adequately guard against the risk of…
Read More » - Finance
Facebook and Google duck questions about earnings from scam ads
Facebook and Google avoided questions from UK lawmakers about how much money they make from advertisements for unregulated financial products.…
Read More » - Finance
Five things in crypto this week: Binance, NFTs and the Walmart hoax
In another busy week for cryptocurrencies, Binance, dogecoin and non-fungible tokens took the spotlight. As regulators continue to clamp down…
Read More » - Finance
Oppenheimer investment bank faces lawsuit over Ponzi scheme allegations
A class-action lawsuit claims investment bank Oppenheimer & Co. was at fault for an alleged Ponzi scheme run by a…
Read More » - Finance
NFT art the latest target for online fraudsters
Serbian artist Milos Rajkovic was floored last month when his social-media fans started touting an online sale of his animated,…
Read More » - Finance
Fines for money laundering breaches total around $930m globally, drop 40% in second pandemic year
Penalties imposed on global finance companies for breaching anti-money laundering rules almost halved in the first six months of 2021…
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