Tech Fraud
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US Charges Three Firms, 15 People With Cryptocurrency Fraud
Three cryptocurrency companies and 15 people have been charged with engaging in widespread fraud and market manipulation in the US. Federal prosecutors in Boston charged the firms Gotbit, ZM Quant, CLS Global and the leaders and employees of those and other companies in a takedown.
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2 Men Tricked Apple Into Sending iPhones Worth $2.5 Million. Here's How
Two men were sentenced this week for orchestrating a sophisticated scheme, tricking Apple into shipping thousands of iPhones and defrauding the tech giant of $2.5 million.
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5 Facts About UK Tech Tycoon Mike Lynch Missing Since Yacht Sank Off In Italy
A superyacht which belonged to the family of UK businessman Mike Lynch sank off Italian island Sicily yesterday. Six people including Mike Lynch, his 18-year-old daughter have been missing since the yacht sank.
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UK Tech Tycoon Missing After Superyacht Sinks Off Sicily In Italy
UK businessman Mike Lynch, who was recently acquitted in the United States of an $11 billion fraud, is among those missing Monday after a superyacht sank off southern Italy, according to the head of the Civil Protection Agency.
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Meta, Ripple, Kraken Join Coinbase’s ‘Tech Against Scam’ Awareness Initiative: Details
Coinbase has launched its ‘Tech Against Scam’ initiative this week. This programme aims to inform the global tech community about ways to safeguard themselves against frauds and online deceit – in an attempt to making the industry a safe space.
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Avoid Linking This Payment Card To Digital Wallets On Your Phone, Warn Experts
This warning contradicts assurances from tech companies that contactless payments are secure.
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Apple Prevents $1.8 Billion Worth Fraudulent Transactions on the App Store in 2023
Apple revealed its efforts to prevent fraudulent transactions via the App Store between 2020 and 2023 on Tuesday. The Cupertino-based tech giant highlighted the rise of digital threats and the measures it has taken to protect users from falling for scams and phishing attacks. The company said it has prevented transaction frauds in the App Store tot...
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Fake Call Centre Duping Foreign Nationals Busted In Delhi, 2 Arrested: Cops
Delhi Police Crime Branch busted a fake call centre in South East Delhi and arrested 2 people for allegedly cheating United States citizens on the pretext of providing tech services.
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Indian American Arrested In New Jersey In $13 Million Tech Fraud
An Indian American has been arrested in New Jersey on charge of being part of a technical support scam that targeted more than 7,000 victims defrauding them of more than USD 13 million, a US Attorney announced Thursday.
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Posing As Microsoft Employees, 5 Indians Cheat US Woman Of Rs 3 Crore
The CBI has booked five people for allegedly posing as Microsoft tech support and siphoning off USD 400,000 (Rs 3.37 crore as per current rates) retirement funds of a US citizen, officials said on Friday.
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Google, Apple Representatives to Meet Parliamentary Panel to Discuss Cyber Security
The Parliamentary Standing Committee on Finance has called representatives of several banks such as the Punjab National Bank as well as global and national tech majors, including Google, Apple and Paytm, next week to discuss issues related to cyber security and rising cases of cyber crimes.
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Theranos Founder Elizabeth Holmes To Begin 11-Year Prison Sentence Today
39-year-old Holmes is expected to report to the prison camp in Bryan, Texas, an all-female facility about 100 miles outside of Houston, today.
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China's Tencent Fires Over 100 Employees For Bribery, Embezzlement
Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company policies, with some referred to police and later found guilty of bribery and embezzlement.
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Indian Origin Ex CFO Of Singaporean Tech Firm Jailed, Fined For Fraud
An Indian-origin former chief financial officer of Singaporean technology company TREK 2000 International was given an 11-month jail term and fined SGD 20,000 for falsifying accounts, forgery and not disclosing interested party transactions.
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Indian-Origin Man Arrested In US For Alleged $45 Million Investment Fraud
A 50-year-old Indian-origin tech entrepreneur has been arrested in the US for an alleged investment scheme that defrauded more than 10,000 victims of over $45 million and netted him several luxury cars and real estate.
-
US Charges Three Firms, 15 People With Cryptocurrency Fraud
Three cryptocurrency companies and 15 people have been charged with engaging in widespread fraud and market manipulation in the US. Federal prosecutors in Boston charged the firms Gotbit, ZM Quant, CLS Global and the leaders and employees of those and other companies in a takedown.
-
2 Men Tricked Apple Into Sending iPhones Worth $2.5 Million. Here's How
Two men were sentenced this week for orchestrating a sophisticated scheme, tricking Apple into shipping thousands of iPhones and defrauding the tech giant of $2.5 million.
-
5 Facts About UK Tech Tycoon Mike Lynch Missing Since Yacht Sank Off In Italy
A superyacht which belonged to the family of UK businessman Mike Lynch sank off Italian island Sicily yesterday. Six people including Mike Lynch, his 18-year-old daughter have been missing since the yacht sank.
-
UK Tech Tycoon Missing After Superyacht Sinks Off Sicily In Italy
UK businessman Mike Lynch, who was recently acquitted in the United States of an $11 billion fraud, is among those missing Monday after a superyacht sank off southern Italy, according to the head of the Civil Protection Agency.
-
Meta, Ripple, Kraken Join Coinbase’s ‘Tech Against Scam’ Awareness Initiative: Details
Coinbase has launched its ‘Tech Against Scam’ initiative this week. This programme aims to inform the global tech community about ways to safeguard themselves against frauds and online deceit – in an attempt to making the industry a safe space.
-
Avoid Linking This Payment Card To Digital Wallets On Your Phone, Warn Experts
This warning contradicts assurances from tech companies that contactless payments are secure.
-
Apple Prevents $1.8 Billion Worth Fraudulent Transactions on the App Store in 2023
Apple revealed its efforts to prevent fraudulent transactions via the App Store between 2020 and 2023 on Tuesday. The Cupertino-based tech giant highlighted the rise of digital threats and the measures it has taken to protect users from falling for scams and phishing attacks. The company said it has prevented transaction frauds in the App Store tot...
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Fake Call Centre Duping Foreign Nationals Busted In Delhi, 2 Arrested: Cops
Delhi Police Crime Branch busted a fake call centre in South East Delhi and arrested 2 people for allegedly cheating United States citizens on the pretext of providing tech services.
-
Indian American Arrested In New Jersey In $13 Million Tech Fraud
An Indian American has been arrested in New Jersey on charge of being part of a technical support scam that targeted more than 7,000 victims defrauding them of more than USD 13 million, a US Attorney announced Thursday.
-
Posing As Microsoft Employees, 5 Indians Cheat US Woman Of Rs 3 Crore
The CBI has booked five people for allegedly posing as Microsoft tech support and siphoning off USD 400,000 (Rs 3.37 crore as per current rates) retirement funds of a US citizen, officials said on Friday.
-
Google, Apple Representatives to Meet Parliamentary Panel to Discuss Cyber Security
The Parliamentary Standing Committee on Finance has called representatives of several banks such as the Punjab National Bank as well as global and national tech majors, including Google, Apple and Paytm, next week to discuss issues related to cyber security and rising cases of cyber crimes.
-
Theranos Founder Elizabeth Holmes To Begin 11-Year Prison Sentence Today
39-year-old Holmes is expected to report to the prison camp in Bryan, Texas, an all-female facility about 100 miles outside of Houston, today.
-
China's Tencent Fires Over 100 Employees For Bribery, Embezzlement
Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company policies, with some referred to police and later found guilty of bribery and embezzlement.
-
Indian Origin Ex CFO Of Singaporean Tech Firm Jailed, Fined For Fraud
An Indian-origin former chief financial officer of Singaporean technology company TREK 2000 International was given an 11-month jail term and fined SGD 20,000 for falsifying accounts, forgery and not disclosing interested party transactions.
-
Indian-Origin Man Arrested In US For Alleged $45 Million Investment Fraud
A 50-year-old Indian-origin tech entrepreneur has been arrested in the US for an alleged investment scheme that defrauded more than 10,000 victims of over $45 million and netted him several luxury cars and real estate.
