Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

FTX, Alameda Execs Plead Guilty to US Fraud Charges

By Manesh Samtani | 23/12/2022

Caroline Ellison and Gary Wang are cooperating with the investigation into FTX, Alameda and Sam Bankman-Fried, who has been extradited to the US.

Fraud, Scams & Cybercrime

Co-Founder of OneCoin Pleads Guilty to Fraud

By Editors | 22/12/2022

Karl Sebastian Greenwood faces a maximum of 60 years in person. Co-conspirator Ruja Ignatova is on the FBI’s most wanted list.

Cybersecurity

FINRA Issues Additional Guidance on Ransomware Risk

By Sanday Chongo Kabange | 22/12/2022

Attacks have proliferated due to the increased use of technology, continued adoption of cryptocurrencies, and the emergence of Ransomware-as-a-Service models.

Fraud, Scams & Cybercrime

Bangladesh Banks Under Scrutiny for Alleged Loan Scams

By Editors | 22/12/2022

Bangladesh Bank directed five banks to submit daily reports on loan disbursements. Two of the banks have observers appointed to monitor operations.

Cryptocurrency

FTX Seeks Court Authorisation to Sell Four Businesses

By Editors | 21/12/2022

Embed, LedgerX, FTX Japan and FTX Europe have maintained segregated customer accounts and have solvent balance sheets.

Market Abuse

Singapore Jails Man for Spoofing, False Telegram Statements

By Editors | 20/12/2022

Kenneth Goh pleaded guilty to creating a false appearance in the market 325 times, deceiving two brokers, and making false statements in Telegram chat groups.

Fraud, Scams & Cybercrime

Former German Tax Inspector Jailed Over Cum-Ex Tax Fraud

By Mark Johnston | 20/12/2022

Hanno Berger, considered a Cum-Ex mastermind, was sentenced to eight years in jail and ordered to repay EUR 13.7 million.

Anti-Money Laundering

AUSTRAC Issues Guidance on Detecting OSEC Crime

By Editors | 19/12/2022

AUSTRAC has updated its 2019 indicators report to help FIs identify behaviours and transactions which may indicate payments for child sexual exploitation material.

Fraud, Scams & Cybercrime

HKMA Asks StanChart to Investigate Unauthorised Card Transactions

By Editors | 18/12/2022

Standard Chartered has said there is no evidence of a data leak, that it would arrange refunds, and that it has strengthened its monitoring systems in response.