Financial Fraud
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Chinese Man Lives With Wife, 4 Lovers In Same Building, All Unaware Of Each Other
In a startling case from Jilin province, China, a man named Xiaojun managed to juggle relationships with his wife and four other women, all living in the same housing complex.
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Bridging Finance Former Executives Found Guilty Of Fraud, Bribery
The husband-and-wife team who ran Toronto private lender Bridging Finance Inc. committed fraud, took kickbacks and tried to mislead investigators about it, Canada's top securities regulator has ruled.
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UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
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Teacher Gets Scam Call About Daughter In Sex Racket, Dies Of Heart Attack
Scams over the telephone have led to several people suffering financial losses so far, but this may be the first instance in which one such attempted fraud allegedly cost a woman her life.
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How Medi Assist Is Using AI To Speed Up Hospital Discharges And Tackle Fraud
Medi Assist's journey with AI is transforming how India's healthcare system operates. It ensures patients face less financial anxiety while tackling the systemic issue of fraud.
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Binance Claims It Helped ED Crack Fiewin Gaming Scam that Defrauded Players of $47.6 Million
Binance crypto exchange has claimed that its internal intelligence unit assisted the ED in uncovering this scam. In a statement released on Wednesday, September 25, Binance said that such public-private partnerships against financial crimes can strengthen its role in India’s crypto landscape.
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Railway Employee, Customs Officer: Odisha Man Cheats Women On Matrimonial Site
A man was arrested for allegedly conning several middle-aged women across India by marrying them, and then exploiting them financially, police said.
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UK Says 90 Percent Crypto Firms Applying for Licence Lacks Money Laundering, Fraud Precautions
A recent report by the UK Financial Conduct Authority (FCA) has said that they have rejected 90 percent of the registration applications of crypto firms in recent times. Inconsistencies with security measures against frauds and money laundering activities have emerged among top reasons for licence rejection.
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Rs 2,200 Crore Online Trading Scam Busted In Assam, Chief Minister Issues Warning
The Assam Police on Wednesday unearthed a massive financial scam of Rs 22,000 crore involving brokers who made fraudulent online stock market investments by claiming to double people's money, sources said.
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75-Year-Old Loses Rs 13 Crore In Telangana's Biggest Cyber Fraud
In what may turn out to be the biggest cyber financial fraud from an individual reported to Telangana's Cyber Security Bureau, a 75-year-old man has lost Rs 13 crore. The victim had retired as a senior manager of a public sector unit.
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Vietnamese Tycoon On Trial For $146 Million Fraud In Corruption Crackdown
A former Vietnamese property and aviation tycoon charged with $146 million in fraud and stock market manipulation went on trial in Hanoi Monday, the latest corruption case targeting the communist country's business elite.
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'Byju's Not Cleared Of Fraud, Clean Chit Reports Incorrect': Centre
Refuting reports that an investigation by the Ministry of Corporate Affairs has cleared edtech firm Byju's of financial fraud, the Centre said on Wednesday that the probe is still on.
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Probe Finds No Financial Fraud At Byju's But Cites Lapses In Corporate Governance
Embattled edtech firm Byju's did not siphon off funds or manipulated accounts, a year-long investigation by the government has found. However, the company did go through lapses in its corporate governance structure, the government added.
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"My Mistake Was...": Finfluencer Anupam Gupta Victim Of Loan Fraud
Identity theft and loan fraud have become a major concern in today's world with Anupam Gupta, a financial influencer, being the latest victim.
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Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
-
Chinese Man Lives With Wife, 4 Lovers In Same Building, All Unaware Of Each Other
In a startling case from Jilin province, China, a man named Xiaojun managed to juggle relationships with his wife and four other women, all living in the same housing complex.
-
Bridging Finance Former Executives Found Guilty Of Fraud, Bribery
The husband-and-wife team who ran Toronto private lender Bridging Finance Inc. committed fraud, took kickbacks and tried to mislead investigators about it, Canada's top securities regulator has ruled.
-
UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
-
Teacher Gets Scam Call About Daughter In Sex Racket, Dies Of Heart Attack
Scams over the telephone have led to several people suffering financial losses so far, but this may be the first instance in which one such attempted fraud allegedly cost a woman her life.
-
How Medi Assist Is Using AI To Speed Up Hospital Discharges And Tackle Fraud
Medi Assist's journey with AI is transforming how India's healthcare system operates. It ensures patients face less financial anxiety while tackling the systemic issue of fraud.
-
Binance Claims It Helped ED Crack Fiewin Gaming Scam that Defrauded Players of $47.6 Million
Binance crypto exchange has claimed that its internal intelligence unit assisted the ED in uncovering this scam. In a statement released on Wednesday, September 25, Binance said that such public-private partnerships against financial crimes can strengthen its role in India’s crypto landscape.
-
Railway Employee, Customs Officer: Odisha Man Cheats Women On Matrimonial Site
A man was arrested for allegedly conning several middle-aged women across India by marrying them, and then exploiting them financially, police said.
-
UK Says 90 Percent Crypto Firms Applying for Licence Lacks Money Laundering, Fraud Precautions
A recent report by the UK Financial Conduct Authority (FCA) has said that they have rejected 90 percent of the registration applications of crypto firms in recent times. Inconsistencies with security measures against frauds and money laundering activities have emerged among top reasons for licence rejection.
-
Rs 2,200 Crore Online Trading Scam Busted In Assam, Chief Minister Issues Warning
The Assam Police on Wednesday unearthed a massive financial scam of Rs 22,000 crore involving brokers who made fraudulent online stock market investments by claiming to double people's money, sources said.
-
75-Year-Old Loses Rs 13 Crore In Telangana's Biggest Cyber Fraud
In what may turn out to be the biggest cyber financial fraud from an individual reported to Telangana's Cyber Security Bureau, a 75-year-old man has lost Rs 13 crore. The victim had retired as a senior manager of a public sector unit.
-
Vietnamese Tycoon On Trial For $146 Million Fraud In Corruption Crackdown
A former Vietnamese property and aviation tycoon charged with $146 million in fraud and stock market manipulation went on trial in Hanoi Monday, the latest corruption case targeting the communist country's business elite.
-
'Byju's Not Cleared Of Fraud, Clean Chit Reports Incorrect': Centre
Refuting reports that an investigation by the Ministry of Corporate Affairs has cleared edtech firm Byju's of financial fraud, the Centre said on Wednesday that the probe is still on.
-
Probe Finds No Financial Fraud At Byju's But Cites Lapses In Corporate Governance
Embattled edtech firm Byju's did not siphon off funds or manipulated accounts, a year-long investigation by the government has found. However, the company did go through lapses in its corporate governance structure, the government added.
-
"My Mistake Was...": Finfluencer Anupam Gupta Victim Of Loan Fraud
Identity theft and loan fraud have become a major concern in today's world with Anupam Gupta, a financial influencer, being the latest victim.
-
Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
