Nine individuals from Tennessee, Texas, and Missouri were indicted for their involvement in a large-scale money laundering operation that allegedly funneled over $20 million obtained from internet fraud schemes. The …
Tag:
money laundering
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A major crackdown on a digital wallet scam in Thailand, involving 2 billion baht (approximately US$58 million), has led to the arrest of eight individuals. The suspects are accused of …
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Phishing Scams
ED Arrests Two CAs and Cryptocurrency Trader in Rs640 Crore Cyber Fraud
by Ananya MehtaThe Enforcement Directorate (ED) has arrested two chartered accountants (CAs), Ajay Yadav and Vipin Yadav, along with cryptocurrency trader Jitendra Kaswan, as part of a money laundering investigation linked to …
by Ananya Mehta -
CryptoCryptocurrency Scams
Shailesh Babulal Bhatt Arrested for Kidnapping and Extortion of Rs1,232 Crore
by Ananya MehtaThe Enforcement Directorate (ED) in Ahmedabad arrested Shailesh Babulal Bhatt under the Prevention of Money Laundering Act (PMLA) on August 13, 2024, for his involvement in a massive extortion case. …
by Ananya Mehta -
Fake Financial Services ScamsFinancial
Katherine Mott-Formicola Pleads Guilty to $20.9M Fraud Scheme
Katherine Mott-Formicola, 54, of Pittsford, New York, has pleaded guilty to charges of financial institution fraud and money laundering, according to the U.S. Attorney’s Office for the Western District of …
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Angelic Henderson, 68, from Fairbanks, Alaska, has been indicted by a federal grand jury on charges of bank fraud and money laundering, accused of stealing more than $1.8 million from …
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The founder of the Harvesters International Christian Centre, Pastor Bolaji Idowu, has been arrested by the Nigeria Police Force. According to reports from SaharaReporters, Idowu is currently being interrogated at …
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Fake Financial Services ScamsFinancial
Key Bank Officials Arrested in Rs1200 Crore Money Laundering Case
by Ananya MehtaIn a major breakthrough in a money laundering investigation involving over Rs1200 crore, two officials from the Nashik Merchant Co-op Bank (Namco Bank) have been arrested. Ravindra Kande, a former …
by Ananya Mehta -
CHIANG MAI — Thai Cyber Police have arrested a 26-year-old manager of a Chinese hybrid scam network using artificial intelligence to create fake digital personas, tricking victims into investing nearly …
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Five individuals have been indicted for wire fraud and money laundering in a scheme that misappropriated millions of dollars intended for maintenance work at New York City’s homeless shelters. The …