In a shocking turn of events, senior executives at the renowned travel booking site Lastminute.com have been apprehended in Switzerland on allegations of misusing public funds designated for Covid recovery. The company, which originated from the British dotcom boom of the early 2000s under the guidance of Baroness Martha Lane Fox, has swiftly taken action …
Workers at Frank, the startup led by Charlie Javice, raised concerns about the company’s financials prior to its acquisition by JPMorgan Chase for $175 million in 2021. Internal Slack messages between Frank employees, revealed in a court document filed in Delaware, showed skepticism regarding Javice’s directive to change the company’s public-facing numbers to claim 4.25 …
Gift cards are a convenient last-minute gift option, but unfortunately, scammers have also found ways to exploit them. According to the Federal Trade Commission (FTC), gift cards were the preferred method of payment for scammers in 2021, resulting in a staggering $148 million in stolen funds. Here’s how the physical gift card scam typically works: …
The Prime Minister has received a letter from Britain’s largest banks, urging Rishi Sunak to hold Facebook-owner Meta and other American tech companies accountable for refunding individuals who fall victim to scams on their platforms. In an effort to combat online fraud, the banks, including Barclays, HSBC UK, NatWest, and TSB, emphasize the need for …
Check fraud has resurfaced as a major issue, leading postal authorities and bank officials to advise Americans to avoid mailing checks altogether if possible. They recommend using secure mail drops, such as those located inside post offices, to mitigate the risk. Last year, banks reported approximately 680,000 cases of check fraud to FinCEN, a significant …
Elizabeth Holmes, the disgraced former CEO of Theranos who was recently sentenced to 11 years in federal prison, was seen crying during a seven-hour family visit at the Federal Prison Camp Bryan near Houston, Texas. Photos obtained by the Daily Mail showed Holmes, who was visibly shaken, walking the prison grounds with her family and …
Denis Vladmirovich Molla, a 29-year-old man from Minnesota, has been sentenced to 30 months in prison for setting fire to his own property to claim insurance money. Initially, he even tried to shift the blame on antifa, a radical left-wing political movement. However, in October 2022, Molla admitted to committing wire fraud and pleaded guilty …