financial fraud

By Anand Vasu Leroy King, 74, of Dickerson Bay, Antigua, the former chief of Antigua’s Financial Services Regulatory Commission (FSRC) was sentenced on Feb. 24 to 10 years in prison for his role in connection with a $7 billion Ponzi scheme involving...

By Anand Vasu Three North Korean computer programmers were charged with participating in a wide-ranging criminal conspiracy to conduct a series of destructive cyberattacks, to steal and extort more than $1.3 billion of money and cryptocurrency from financial institutions and companies.  Jon...

By Anand Vasu Olakitan Oluwalade, his cousin Odunayo Baba Oluwalade and Kelly Lamont Williams were arrested after the HSI Intellectual Property Rights Center and the HSI Cyber Crimes Center became aware of a fraudulent replication of the website of Company 1, a biotechnology company based in...

By a Biometrica staffer David T Hines of Miami fraudulently obtained $3.9m in Paycheck Protection Program (PPP) loans and used part of these funds to buy himself a Lamborghini Huracan sports car worth $318,000. At the time of his arrest, the car...

By a Biometrica staffer If you think scammers also took a break during the Covid-19 pandemic, think again! On Feb. 4, the Federal Trade Commission's (FTC) said it received more than 2.1 million fraud reports from consumers in 2020. Imposter scams were...

By a Biometrica stafferThe CEO of the Texas-based Merida Group of hospice and home health entities was sentenced to 15 years in prison, on Feb. 3, for falsely telling thousands of patients with long-term incurable diseases they had less than six months...

By a Biometrica staffer A man from Maryland pleaded guilty to his role in a scheme that involved diverting hundreds of thousands of dollars meant for the reconstruction of Afghanistan for his own use instead, the Department of Justice said in a...

By a Biometrica staffer Interpol issued a global alert to law enforcement across its 194 member countries warning them to gear up for organized crime networks targeting covid-19 vaccines. The group’s Orange Notice warned the international community to prepare for possible infiltration...

By a Biometrica staffer An Indian national was sentenced to 20 years in prison, followed by three years of supervised release, for his role in operating a scam that defrauded US victims out of millions of dollars between 2013 and 2016. Hitesh...

By a Biometrica staffer Two leaders of ‘Team Xecuter,’ one of the world’s most notorious videogame piracy groups, have been arrested and are in custody facing charges in Seattle, the US Department of Justice said in a statement. The group grew so...

By a Biometrica staffer A man from Georgia has been sentenced to 5 years in prison followed by three years of supervised release for running a Ponzi scheme that ensnared over a hundred victims, including college students, the US Department of Justice...

By a Biometrica staffer A Texan woman has been taken into custody on allegations of defrauding the Paycheck Protection Program (PPP) of more than $1.9 million in forgivable loans, the US Department of Justice said in a statement. The Small Business Administration...

By a Biometrica staffer Former New York Jets wide receiver Joshua J Bellamy was arrested in Florida and charged for his role in a scheme that involved defrauding the Paycheck Protection Program (PPP). The National Football League (NFL) player and his associates...

By a Biometrica staffer An attorney from New Jersey was arrested on charges of defrauding the Paycheck Protection Program (PPP) by obtaining about $9 million in loans, the US Department of Justice said in a statement.   Jae H. Choi, a licensed...

By a Biometrica staff A Russian national was arrested for conspiring to recruit an employee of a Nevada-based company to introduce malicious software into the company’s computer network, extract data from the network, and extort ransom from the company. Egor Igorevich Kriuchkov,...

A Minnesota man was charged for defrauding the PPP of $841,000 | © Ossi Lehtonen - Dreamstime.com By a Biometrica staffer A man from Minnesota was charged for allegedly defrauding the Paycheck Protection Program (PPP) of about $841,000, the US Department of...