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Showing posts with label fraud. Show all posts
Showing posts with label fraud. Show all posts
A Collaborative Approach to Fighting Financial Crime
Unraveling the Mystery: Bitcoin's Meteoric Rise and the Cryptocurrency Problem
Read my new article on Substack on the complex landscape of bitcoin's surge and the unresolved mysteries of cryptocurrency - is it an asset, gambling or a scam?
Free access HERE
Free access HERE
Stanley’s Musings - Fintech, Banking & Payments News #2
Thoughts on fintech, banking, payments, risk management, AI, going green, economics, business and much more…
The latest edition is now available - HERE
Is Today’s Internet a Vulnerable Home for Our Money?
In 'The Unhackable Internet' veteran banking attorney and regulator Tom Vartanian argues for replacing today's Internet with a new, more secure network for financial business. Is he crazy — or a prophetic Cassandra for the age of digital money?
Read all about it HERE.
Is This A Golden Age of Fraud?
The Fake Genius: a $30 BILLION Fraud
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Crypto fugitive is arrested
After his TerraUSD cryptocurrency imploded, Do Kwon became one of the most wanted men in crypto.
Last week, after a global manhunt, he was arrested at an airport in Montenegro. WSJ’s Alexander Osipovich tells the story of how Kwon went from being a major crypto player to facing fraud charges in several countries.
Last week, after a global manhunt, he was arrested at an airport in Montenegro. WSJ’s Alexander Osipovich tells the story of how Kwon went from being a major crypto player to facing fraud charges in several countries.
Listen to this story from WSJ HERE.
FTX wants politicians and PACs to return their donations
FTX and its affiliated debtors have sent confidential letters asking politicians, PACs and other recipients of funds to return donations made by the crypto exchange once valued at $32 billion.
The recipients are being asked to return donations — or potentially face repercussions — to the now-bankrupt exchange, according to a Sunday statement from FTX.
The recipients are being asked to return donations — or potentially face repercussions — to the now-bankrupt exchange, according to a Sunday statement from FTX.
Get all the details HERE.
Scam Calls Are Still a Huge Problem. How Do We Block Them?
WSJ family and tech columnist Julie Jargon joins host Zoe Thomas to explain what they are and how they work.
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Crypto: The World’s Greatest Scam
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Pump & Dump,
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$100 Million Pump & Dump Scheme!
Federal prosecutors and the SEC recently charged seven Influencers with using Twitter, Discord and YouTube to commit securities fraud that netted them more than $100 million.
An eighth influencer was charged with aiding and abetting the alleged scheme in the SEC’s civil complaint and with conspiracy to commit securities fraud in the Department of Justice’s criminal case.
Each of the defendants had well over 100,000 Twitter followers as of this month, they ran a podcast called "Pennies: Going In Raw" and a YouTube channel called "Goblin Gang".
"Pump and dump" schemes have two parts. In the first, promoters try to boost the price of a stock with false or misleading statements about the company. Once the stock price has been pumped up, fraudsters move on to the second part, where they seek to profit by selling their own holdings of the stock, dumping shares into the market.
These schemes often occur on the Internet where it is common to see messages urging readers to buy a stock quickly. Often, the promoters will claim to have "inside" information about a development that will be positive for the stock. After these fraudsters dump their shares and stop hyping the stock, the price typically falls, and investors lose their money.
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Why We Trust Fraudsters!
From Enron to Wirecard to Theranos and FTX, elaborate investment scams can remain undetected long after the warning signs appear. What are investors missing?
Prosecutors Step Up Pressure on Bankman-Fried's Associates
US authorities are ratcheting up pressure on Sam Bankman-Fried’s inner circle as they scrutinize former close FTX associate Nishad Singh, according to people familiar with the matter. Bloomberg's Sonali Basak reports.
Charles Ponzi - The Documentary
In reality, Ponzi was paying earlier investors using the investments of later investors. While this type of fraudulent investment scheme was not originally invented by Ponzi, it became so identified with him that it now is referred to as a "Ponzi scheme".
His scheme ran for just under a year before it collapsed, costing his "investors" $20 million.
This history channel style documentary tells the full story of Charles Ponzi, from his childhood in Italy, through to the heights of his fame in Boston Massachusetts, through to his prison sentence, deportation, and his life after the scheme collapsed. In this film the Ponzi scheme is explained along with how it differs from a pyramid scheme.
The film is written and narrated by Patrick Boyle, a fund manager and finance professor at King's College London.
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