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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: October 14, 2024

Written by FinCrimeOctober 14, 2024

Victims of a $7 Billion Fraud May Soon Be Paid. For Some, It’s Too Late.

Reported by Matthew Goldstein It has been 15 years since Thomas Swingle first learned that about $1 million of his family’s savings had gone up in smoke, after the financier Robert Allen Stanford was exposed for having sold billions in fraudulent certificates of deposit to investors around the world. The memory of those days is […]

Written by FinCrimeOctober 14, 2024

How ‘pig butchering’ romance scams siphon millions from Californians every year

Reported by Jason Henry It took two months of near daily conversations, of first cultivating trust and then love, before he walked into her trap. Two months of phone calls, text messages and video chats. Two months of sharing their life stories and their dreams about the future before he took the bait — an […]

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