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US Flags "Significant" Data Gap As Bank Deploy AI In Fraud Prevention
The US financial sector faces a "significant" data gap between big and small banks as they deploy AI to fight fraud, the Treasury Department said Wednesday, noting that smaller institutions are disadvantaged.
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Indian-American Swindles Football Team's $22 Million To Fund Luxury Life
A former executive of Jacksonville Jaguars, an American Football team, swindled $22 million from the team's coffers to fund his luxury lifestyle to buy expensive watches, a Tesla and pay for his chartered flights.
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Sam Bankman-Fried Convicted of Financial Fraud: What Next For FTX Founder?
FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange's customers.
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Sam Bankman-Fried: All About US Crypto Mogul Convicted Of Financial Fraud
Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy. He has acknowledged inadequate risk management, but denied stealing funds.
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FTX Bankruptcy Judge Denies Request for Independent Examiner Ahead of Bankman-Fried's Bail Review
The judge presiding over the bankruptcy of cryptocurrency exchange FTX has denied a request by the US bankruptcy trustee to appoint an independent examiner in the case. The trustee argued that the company’s financial affairs and business operations, including allegations of unprecedented fraud leading to its collapse, should be reviewed by a disi...
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New York State Senator Proposes to Criminalise Crypto Frauds, Rug Pull Scams
Given the rising number of crypto scams denting the industry, New York Senator Kevin Thomas has proposed to criminalise such frauds. Thomas aims to strictly punish those who exploit virtual currencies and cause financial harms to innocent investors. The bill is currently awaiting a committee review.
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Huawei Official Leaves Canada After US Deal On Fraud Charges
Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday after reaching an agreement with US prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United States.
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Indian-Origin Ex-CEO Of Mobile App Startup Charged With Fraud In US
An Indian-origin former CEO of a technology company has been arrested in the US and charged with defrauding investors to the tune of USD 80 million by overstating the startup's revenue and other key financial metrics.
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New York Sues To Dissolve US Gun Lobby Group NRA Over Financial Fraud, Misconduct
The state of New York sued the National Rifle Association and its leader Wayne LaPierre Thursday for financial fraud and misconduct, aiming to dissolve the powerful US conservative lobby.
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Huawei CFO Raises New Argument to Fight US Extradition in Canada Court
Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight extradition to the United States on bank fraud charges, court documents released on Monday showed.
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Huawei CFO Meng Wanzhou's US Extradition Case Hinges on Key Ruling in Canada Today
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest.
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Huawei CFO Extradition Case: Canada Prosecutors Say Meng Committed Fraud
Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver courtroom on Wednesday where Canadian prosecutors defended a US extradition request, saying Meng's alleged bank fraud is the heart of the case that has strained relations between Ottawa and Beijing.
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Huawei CFO's Lawyer Attacks US Extradition Case in Canadian Trial
A lawyer for Huawei Chief Financial Officer Meng Wanzhou argued on Monday that "double criminality" was at the centre of a trial to decide whether she can be extradited to the United States, a case that has strained relations between Ottawa and Beijing.
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US Charges China's Huawei With Bank Fraud, Stealing Trade Secrets
The United States on Monday charged China's Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has added to tensions with Beijing.
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Huawei CFO Meng Wanzhou Faces US Fraud Charges Linked to Iran Sanctions Cover-Up
Meng Wanzhou, Huawei's chief financial officer, faces US fraud charges related to sanctions-breaking business dealings with Iran, a Canadian court heard Friday.
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US Flags "Significant" Data Gap As Bank Deploy AI In Fraud Prevention
The US financial sector faces a "significant" data gap between big and small banks as they deploy AI to fight fraud, the Treasury Department said Wednesday, noting that smaller institutions are disadvantaged.
-
Indian-American Swindles Football Team's $22 Million To Fund Luxury Life
A former executive of Jacksonville Jaguars, an American Football team, swindled $22 million from the team's coffers to fund his luxury lifestyle to buy expensive watches, a Tesla and pay for his chartered flights.
-
Sam Bankman-Fried Convicted of Financial Fraud: What Next For FTX Founder?
FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange's customers.
-
Sam Bankman-Fried: All About US Crypto Mogul Convicted Of Financial Fraud
Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy. He has acknowledged inadequate risk management, but denied stealing funds.
-
FTX Bankruptcy Judge Denies Request for Independent Examiner Ahead of Bankman-Fried's Bail Review
The judge presiding over the bankruptcy of cryptocurrency exchange FTX has denied a request by the US bankruptcy trustee to appoint an independent examiner in the case. The trustee argued that the company’s financial affairs and business operations, including allegations of unprecedented fraud leading to its collapse, should be reviewed by a disi...
-
New York State Senator Proposes to Criminalise Crypto Frauds, Rug Pull Scams
Given the rising number of crypto scams denting the industry, New York Senator Kevin Thomas has proposed to criminalise such frauds. Thomas aims to strictly punish those who exploit virtual currencies and cause financial harms to innocent investors. The bill is currently awaiting a committee review.
-
Huawei Official Leaves Canada After US Deal On Fraud Charges
Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday after reaching an agreement with US prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United States.
-
Indian-Origin Ex-CEO Of Mobile App Startup Charged With Fraud In US
An Indian-origin former CEO of a technology company has been arrested in the US and charged with defrauding investors to the tune of USD 80 million by overstating the startup's revenue and other key financial metrics.
-
New York Sues To Dissolve US Gun Lobby Group NRA Over Financial Fraud, Misconduct
The state of New York sued the National Rifle Association and its leader Wayne LaPierre Thursday for financial fraud and misconduct, aiming to dissolve the powerful US conservative lobby.
-
Huawei CFO Raises New Argument to Fight US Extradition in Canada Court
Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight extradition to the United States on bank fraud charges, court documents released on Monday showed.
-
Huawei CFO Meng Wanzhou's US Extradition Case Hinges on Key Ruling in Canada Today
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest.
-
Huawei CFO Extradition Case: Canada Prosecutors Say Meng Committed Fraud
Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver courtroom on Wednesday where Canadian prosecutors defended a US extradition request, saying Meng's alleged bank fraud is the heart of the case that has strained relations between Ottawa and Beijing.
-
Huawei CFO's Lawyer Attacks US Extradition Case in Canadian Trial
A lawyer for Huawei Chief Financial Officer Meng Wanzhou argued on Monday that "double criminality" was at the centre of a trial to decide whether she can be extradited to the United States, a case that has strained relations between Ottawa and Beijing.
-
US Charges China's Huawei With Bank Fraud, Stealing Trade Secrets
The United States on Monday charged China's Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has added to tensions with Beijing.
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Huawei CFO Meng Wanzhou Faces US Fraud Charges Linked to Iran Sanctions Cover-Up
Meng Wanzhou, Huawei's chief financial officer, faces US fraud charges related to sanctions-breaking business dealings with Iran, a Canadian court heard Friday.
