Wash trading is a market manipulation tactic that dates back to the ‘30s. It’s since come to crypto.
JPMorgan Chase claims the founder of a financial aid platform faked 4m+ accounts prior to its $175m acquisition.
Social media is teeming with bots and scammers, and LinkedIn is no exception.
Scammers love the immediacy of the P2P transfer service, and banks aren’t helping.
Romance scams, in which a scammer fakes a relationship with a victim to get money, have become increasingly prevalent — and costly.
Scammers can hide fees or other tricks in smart contracts, while hackers look for vulnerabilities to exploit.
North Korea’s lucrative side hustle is an elusive cybercrime unit.
Black Oxygen Organics, a multilevel marketing organization, made millions selling “magic dirt” before it got caught.
OpenSea’s insider trading scandal exposed the risks of blockchain technology, but also highlights its strengths.
People are sounding the alarm on NSO Group, whose tech was used to infect phones belonging to journalists and activists.
Gig workers (e.g., DoorDash, Postmates) are victims of a new phishing scam. Their status as contract workers does not help.
In 2020, ransomware victims coughed up $350m. A group of experts has a plan to stop the madness.
Uber losing $100m on ad spend shines light on the (often ineffective) programmatic ad industry.
US states are fighting back against an unemployment benefits scam originating from Nigeria.
Fraud rates on payments apps are 3x to 4x more than on debit or credit cards.
There’s about a ⅓ chance the honey on your shelf isn’t real.
NS8 claimed to have $62m in the bank. Actually, it was more like $28k.
Maybe don’t upload your boarding pass to Instagram.
Nikola -- the electric truck company that is becoming the source of endless internet jokes -- is fighting charges of fraud. We pass our verdict based on the early evidence.
Scammers and fraudsters are having a field day with the pandemic.
A main claiming to be an ex-Google exec scammed 50 people from the small town of Opelika, Alabama, out of $1.9m with a fake business incubator
The DoJ unsealed 2 separate court cases against Huawei and revealed that it is pursuing criminal charges against the mobile giant.
Insurance companies have issued an ultimatum against fraudulent trek operators and helicopter companies in Nepal.
Thousands of wannabe dog owners have fallen for the internet’s latest fraudulent gimmick: the ‘puppy scam.’
StarKist finally admits to artificially hiking prices for canned tuna and could face as much as a $100m when sentenced.
An NFL player and a TV writer were collectively indicted on securities fraud due to allegations of insider trading dating back to 2013.
Banks are adopting military-style tactics to fight cyber bandits costing them $445B a year.
An Arizona IT was sentenced to 4 years of federal probation after holding a corporate website hostage and redirecting it to a gay porn site.
The company that aims to be the charity of the internet has a bit of a fraud problem.