Is LA Dodgers superstar Shohei Ohatni a victim of theft? Or in trouble for gambling?
Reported by PDS Pop Culture Watch video for full report:
Tag: fraud
How Shohei Ohtani realized his interpreter was stealing from him
Reported by Christian Arnold The story involving Shohei Ohtani, his now-former interpreter and an alleged “massive theft” of the baseball superstar took another bizarre turn on Thursday as the sport continues to try and unravel what happened. New details emerged of how Ohtani discovered that Ippei Mizuhara allegedly stole millions of dollars from him to cover gambling debt. ESPN’s […]
Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nationals: Bloomberg
Reported by Sam Reynolds Binance is asking its prime brokers to do enhanced Know Your Customer (KYC) work on clients to ensure that they aren’t serving U.S. nationals, according to a report from Bloomberg. Prime Brokers act as intermediaries between institutional investors and the market, offering services such as custody, trade execution, risk management, and lending […]
Walmart Bought a Finance App and Reduced Fraud Protections. Guess What Happened Next?
Reported by Craig Silverman and Peter Elkind Only a few hours elapsed between the time that Carl’s pay landed in his checking account and when online thieves pilfered it. “They took all of it but like 67 cents,” he said. Months before, Carl had signed up for One Finance, a banking app. It’s owned and […]
Fraud Is The Number One Crime In Money Laundering
Reported by Stanley Foodman On February 2024, the U.S. Treasury released the 2024 National Money Laundering Risk Assessment (NMLRA)which examines the current money laundering environment and identifies the ways in which criminals and other actors seek to launder funds. The Assessment aims to: inform the understanding of illicit finance risk by governmental and private sector actors, […]
Binance’s Top Crypto Crime Investigator Is Being Detained in Nigeria
Reported by ANDY GREENBERG In his years as a US federal agent, Tigran Gambaryan helped to lead landmark investigations that took down cryptocurrency thieves and money launderers, dark-web drug dealers, and even crypto-funded child exploitation networks. Now, in his post-government role at the cryptocurrency exchange Binance, he has become the target himself of a very […]
‘Shadow CEO’ of Real Estate Investment Firm Pleads Guilty to $650M Ponzi Scheme
Reported by Michael Katz The “shadow” CEO of a New Jersey real estate investment firm has pleaded guilty to defrauding more than 2,000 investors of more than $650 million through a Ponzi scheme while also conspiring to evade tens of millions of dollars in taxes. The U.S. Attorney’s Office for the District of New Jersey […]
How Fraudsters Break Into Social Security Accounts and Steal Benefits
Reported by Tara Siegel Bernard Social Security-related scams, overall, are pervasive — fraudsters pose as employees to try to extract both money and valuable identifying details from people in a variety of evolving schemes. But this particular fraud — where criminals use stolen personal information to break into online Social Security accounts or create new ones, […]
Vietnamese Woman Accused of $12.5 Billion Fraud
Reported by Aniruddha for The Associated Press. Gregory Stachel adapted it for VOA Learning English. A major property investor in Vietnam, Truong My Lan, is on trial over an accusation of fraud amounting to $12.5 billion. That is nearly 3 percent of the country’s 2022 total economic production and the largest financial fraud case on […]
FBI: Common Scams and Crimes
Reported by the Federal Bureau of Investigation The following are some of the most common scams and crimes that the FBI encounters, as well as tips to help prevent you from being victimized. Visit the Bureau’s White-Collar Crime and Cyber Crime webpages for information on more fraud schemes. Originally published on: https://www.fbi.gov/how-we-can-help-you/scams-and-safety/common-scams-and-crimes
Financial Crime News Briefs 