San Francisco AI startup founder and wife indicted in $60 million fraud scheme
Couple faces decades in prison if convicted
Zelle and major banks face $870 million lawsuit over alleged fraud losses
Lawsuit comes after lawmakers began pressuring Zelle to start refunding fraud victims last year
FBI says criminals are exploiting GenAI to scale up fraud schemes
The bureau recommends using a "secret word" or phrase to verify your identity
Authorities bust multi-million message SMS fraud and 730 million call VoIP scam in Thailand
The scale and technological sophistication of the scam is staggering
Roblox accused of inflating user numbers and being a pedophile paradise
Report claims Roblox is lying to investors about key metrics
Man charged with streaming his AI-generated music billions of times using bots, generating $12 million
Crime does pay, until you're caught
What just happened? In what appears to be a devious use of generative AI and bots, a man has been accused of conning music services out of $12 million by uploading AI-generated music tracks and using an army of over 1,000 bots to repeatedly stream them. Unfortunately for the man in question, he's been arrested for his actions and faces a maximum sentence of 20 years in prison.
Man who landed chief railway engineer job using fake CV is sentenced to 15 years
An elaborate lie gets derailed
In brief: A South African man who pulled off one of the biggest qualification-fraud cases in recent memory has finally been sentenced to 15 years behind bars. Daniel Mthimkhulu's con job allowed him to climb the ranks at the state-owned Passenger Rail Agency of South Africa (Prasa), eventually becoming their chief engineer while earning a cool $156,000 per year salary - not bad at all for a person whose highest educational attainment was high school.
Hacker faces 81-month prison sentence for faking his death to avoid child support payments
Deadbeat dad was also selling compromised data on the dark web and filling out bank forms using other people's identities
Real-time deepfake tech goes viral, fueling fears of identity fraud
Demos use recognizable celebrities, but the app can just as easily allow someone to impersonate you
Microsoft urges congress to enact laws against deepfake misuse
A legal framework is essential, says Microsoft's president
Wells Fargo fired a dozen employees for simulating "keyboard activity"
The controversial financial corporation doesn't tolerate "unethical behavior" anymore
A homemade cell tower allowed fraudsters in the UK to bombard people with scam texts
Two suspects were arrested
FTX customers could get back all the money they lost in the scam
The actual investors, however, may not be the real beneficiaries
Priest arrested for using $40,000 of parish funds on mobile games, including Candy Crush and Mario Kart
WTF?! Mobile games are known for their addictive nature, something that can lead people to spend a lot of money on them. Take the example of the Catholic priest who was recently arrested and charged with stealing over $40,000 from his former parish and spending it on the likes of Candy Crush and Mario Kart.
Sam Bankman-Fried has been sentenced to 25 years in prison
Not as bad as the 110 years he could have received
SBF lawyers plead for 5-7 year sentence calling possibility of 100 years "grotesque"
WTF?! Sam Bankman-Fried was living the high life in a private villa in the Bahamas, sipping on piña coladas, and rubbing elbows with celebrities and other billionaires. But his lawyers say poor old Sam was miserable that whole time. The courts should take pity because he has a "condition" that no regular person has heard of that makes him incapable of enjoying anything. No. Really. You can't make this up. Read on.
"Crypto King" Sam Bankman-Fried convicted of $8 billion FTX fraud, faces up to 110 years in prison
SBF is believed to have been worth over $15 billion at the peak of FTX's popularity
Microsoft and Amazon tip India's law enforcement on tech support call center fraudsters
The tech support scammers convinced customers to pay for PC "fixes"
FTX employees discovered customer wallet backdoor, but bosses ignored their warnings
FTX Director of Engineering Nishad Singh could have avoided charges if he'd listened to subordinates
Sam Bankman-Fried finally finds himself behind bars
Federal judge decides SBF has proven he cannot be trusted to adhere to his bail agreement
US prosecutors seek gag order after SBF allegedly leaked co-conspirator's private journal to NYT to "discredit" her
How long until the DoJ adds witness tampering to his list of charges?
Online scammers are turning analog to steal users' money
Tech support scammers are trying a novel offline approach
European law enforcement agencies disrupt fraud operation with 33,000 online victims
A fake online investment platform collected millions in illegal profits