81 articles
Federal prosecutors have obtained a guilty plea from a California accountant in a Ponzi scheme that drained more than $7 million from nearly 90 investors. Antonio Honorato Silveira, 50, of…
Three men have been charged with allegedly collecting about 16,000 IRS refund checks worth an estimated $74 million and cashing them at a gas station in Georgia. Gustavo Rojano Salazar,…
Money20/20 , the world’s leading fintech show, concluded last Wednesday Oct 21, at The Venetian in Las Vegas, bringing together ~11,000 attendees from 85+ countries, 3,000+ companies, 450 sponsors and…
Fraud attacks can now be assembled with commercially packaged software, distributed across accounts and devices, and altered faster than banks can rewrite a conventional fraud rule. “We’re seeing fraudsters leverage…
Banks have an opportunity to strengthen fraud protection by helping customers recognize when someone is persuading them to send money to a criminal. That’s a central finding of “Scams Get…
Regional and community banks and credit unions surveyed by PYMNTS Intelligence now report behavioral analytics and artificial intelligence adoption approaching the levels seen with large banks, although their financial results…
Federal prosecutors have brought a Chinese national to Los Angeles to face charges after his extradition from the Netherlands in an international cryptocurrency investment scam that targeted Americans. Zheng Zhao,…
Federal prosecutors have obtained a guilty plea from a New York man accused of running a multi-decade scheme that stole more than $54 million from investors through nonexistent equipment loans.…
An identity check that stops a fraudster protects a business. One that blocks a legitimate customer costs it a sale. As automated agents handle more activity, enterprises have to establish…
A Georgia social media personality is accused of stealing more than $4 million in food assistance benefits meant for low-income families. The U.S. Attorney’s Office for the Northern District of…
Elizabeth Holmes remains behind bars in Texas. Justin Sullivan/Getty Images The new Elizabeth Holmes documentary is reviving interest in the Theranos scandal. Hulu, Spotify, and Apple all saw audience growth…
A Georgia investment broker and a Florida attorney have been charged with running Ponzi schemes that allegedly took nearly $2 million from investors. The schemes promised returns as high as…
Rhode Island Attorney General Peter F. Neronha sued Meta Thursday (Oct. 22), alleging that the company fails to block advertisements for fraudulent products and financial scams on its platforms, Neronha…
A former bank executive in Texas faces a felony theft charge after allegedly diverting nearly $194,000 from customer accounts through unauthorized withdrawals and improper charges. Josiah Kennedy worked as a…
TLDR: New York AG seeks $1.37 billion from NovaTech founders Cynthia and Eddy Petion over alleged crypto fraud. Investors deposited $1.16 billion, but only $25.99 million reached trading, resulting in…
Chinese prosecutors are seeking to confiscate over 61,000 Bitcoin and related assets seized by UK authorities from a massive international fraud scheme. The Tianjin No.2 Intermediate People’s Court accepted the…
Scammers drained millions from a business owner’s bank accounts through a series of fraudulent wire transfers after impersonating him in phone calls to the lender. Two of his companies allege…
Fraud losses reported by older adults increased fivefold between 2020 and 2025, leaping from $600 million to $3 billion, the Federal Trade Commission (FTC) said Monday (Oct. 19). The FTC…
Cloudflare reported millions of attempts to exploit newly disclosed vulnerabilities in PHP, or Hypertext Preprocessor, as companies and governments raced to secure websites and online services built on the widely…
An Ohio law firm office manager is accused of stealing more than $864,000 from 11 disabled veterans whose money the firm was trusted to manage. Darlene Toman, 64, faces six…
Identity security firm 1Password has seen its annual recurring revenue increase 90% year-over-year to over $500 million, driven by customers’ need to secure the artificial intelligence agents and workflows they…
Federal prosecutors have secured a conviction against a Florida woman who withdrew more than $152,000 in Social Security retirement benefits intended for her deceased great-aunt. Asha Anderson, 48, of Pompano…
Artificial intelligence is changing both sides of payments fraud. Fraudsters can use it to make impersonation attempts more convincing, while finance teams can use it to score transactions, verify documents…
An Escanaba man who believed he was investing in Bitcoin handed over more than $500,000 in cash and shipped another $165,000 via FedEx, Michigan State Police said. The investigation led…
