Fraud Archives

Business

Q&A: Responding rapidly to fraud attacks

We found that consumers want businesses to be able to properly verify their identities. 63% of people said it’s essential.

Dr. Tim SandleSeptember 23, 2024

More than 60 crypto-mining sites have opened in Paraguay in the last three years

Business

Paraguay’s abundant hydropower draws crypto miners, legal and not

In the Paraguayan city of Hernandarias, a data center with row upon row of supercomputers stands as a testament to a burgeoning crypto mining sector...

AFPAugust 29, 2024

A US agency said it won a court order for a $12.7 billion judgment against FTX and affiliate in the wake of the scandal involving former chief Sam Bankman-Fried, shown in December 2022

Tech & Science

US orders FTX, Alameda to pay $12.7 bn to victims

Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US...

AFPAugust 8, 2024

Business

Olympic partner Coca-Cola chided over French taxes

The French tax authorities have claimed Olympics sponsor Coca-Cola owes it millions of euros, documents showed Wednesday, in the latest such allegation just days...

AFPJuly 24, 2024

While getting caught up in the 2017 Paradise Papers leak of confidential banking documents that showed companies like Apple and Nike as well as celebrities such as Formula One champion Lewis Hamilton used Jersey to lower its tax bills, the island off the coast of France has avoided being put on official lists of tax and money laundering havens

Business

Council of Europe urges Jersey to up anti-money laundering efforts

The pan-European rights body Council of Europe called Wednesday on Jersey to enhance its implementation of anti-money laundering measures as it recognised the island’s...

AFPJuly 24, 2024

Bill Hwang, founder of Archegos Capital Management, arrives at federal court in New York on July 9, 2024

Business

Archegos founder Bill Hwang guilty in multibillion-dollar fraud case

The founder of US investment firm Archegos, Bill Hwang, was found guilty Wednesday of fraud and market manipulation in a case focused on the...

AFPJuly 11, 2024

Smartphone makers are racing to develop more potent batteries that can charge faster and last longer

Business

Q & A: AI’s path to improve credit, fraud and analytics

This fragmented approach inflates costs, extends timelines, and elevates risk.

Dr. Tim SandleJuly 4, 2024

Chad's President Mahamat Idriss Deby Itno has regularly visited Paris

World

France probes Chad leader over luxury clothing spending

French prosecutors have ordered an inquiry into allegations that Chad’s president embezzled public funds to splurge on luxury clothing from Paris, a source close...

AFPJuly 2, 2024