Reported by Inc (Excerpt from news shared below. To read complaint, go to: https://npr.brightspotcdn.com/49/28/16d914944704bdbfade2f5dcba51/five-star-v-mott.pdf) A former restaurant owner is about to be sentenced on federal charges of fraud and money laundering a year ago stemming from a technique that was popular in the era of analog banking. Katherine Mott-Formicola was the owner of several upscale […]

Reported by Nicholas Comfort and Karin Matussek (Summary shared below. To read full report, go to: https://www.bloomberg.com/news/articles/2026-04-02/operation-chargeback-germany-takes-on-alleged-scammers-over-300-million-fraud?embedded-checkout=true) A major fraud investigation in Germany has uncovered a sprawling payments scandal worth more than €300 million, deepening the crisis facing the country’s fintech sector years after the collapse of Wirecard AG. Prosecutors say criminal networks used stolen credit-card data […]