Tag #Financial Fraud

theguardian.com
🌐 75% Global Worthiness
News related image

Elderly Women Fleeced in Melbourne Supernatural Scam

In Melbourne's Box Hill, con artists allegedly stole over $200,000 from elderly Asian women by promising to remove evil spirits; victims exchanged valuables for worthless items during a fake ritual, prompting police warnings in multiple languages.

Progress

56% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
News related image

CFPB Needs Overhaul to Combat Rising Financial Fraud

A Cornerstone Advisors study reveals that nearly 100 million Americans consider fraud, scams, and cybersecurity the top banking issue, prompting calls for the CFPB to refocus its efforts on innovation and fraud prevention rather than regulation, as its current approach, such as implementing Section ...

Progress

56% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
News related image

Warning: Avoid Firms Offering Money for Betting Account Details

Consumers are urged to avoid companies like Moneyful Ltd. offering money in exchange for personal details to open multiple betting accounts, as this practice, while seemingly lucrative, presents significant financial and identity theft risks.

Progress

40% Bias Score

Reduced Inequality
us.cnn.com
🌐 85% Global Worthiness
News related image

Madoff Victim Fund Completes Final Payments, Recovering Nearly All Losses

The Madoff Victim Fund has completed its final payment of \$131.4 million, bringing total compensation to \$4.3 billion for nearly 41,000 victims worldwide, covering 94% of proven losses from Madoff's \$20 billion Ponzi scheme.

Progress

24% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
News related image

This is Money's Consumer Champion Recovers £1.44 Million for Readers in 2024

In 2024, This is Money's consumer champion, Helen Crane, recovered £1.44 million for readers, addressing issues with banks, energy firms, insurers, and parking companies, exposing systemic problems and advocating for better consumer protections.

Progress

40% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 85% Global Worthiness
News related image

CNMV Sanctions Twitter for Fraudulent Ads, Potential Fine Up to €10 Million

The Spanish financial regulator, CNMV, has launched sanction proceedings against Twitter International for allowing Quantum AI's fraudulent ads on X, using deepfakes of public figures and leading to potential large-scale financial scams; the potential fine is up to 10% of Twitter's revenue or €10 mi...

Progress

40% Bias Score

Reduced Inequality
foxnews.com
🌐 85% Global Worthiness
News related image

Data Brokers Fuel Retirement Scams

Data brokers selling personal information enable three types of increasingly targeted retirement scams: 'spray and pray,' demographic targeting, and highly personalized attacks using detailed personal data, leading to financial losses and identity theft.

Progress

48% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 85% Global Worthiness
News related image

Spain's 2025 Court Schedule: High-Profile Cases and Legal Precedents

Spanish courts will face high-profile cases in 2025, including trials against former Banco Popular executives, the first cryptocurrency pyramid scheme trial in the National High Court, and a greenwashing case between Iberdrola and Repsol, along with ongoing investigations involving Ibex 35 companies...

Progress

32% Bias Score

Reduced Inequality
bbc.com
🌐 85% Global Worthiness
News related image

Madoff Victim Fund Makes Final $131.4 Million Payout

The Madoff Victim Fund (MVF) is making its final $131.4 million payout, totaling $4.3 billion returned to 40,930 claimants, representing nearly 94% of proven losses from Bernard Madoff's Ponzi scheme, which collapsed during the 2008 financial crisis.

Progress

20% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
News related image

Madoff Victim Fund Completes Final $4.3 Billion Payout

The Madoff Victim Fund concluded its final $131.4 million payout on Monday, concluding a decade-long effort to return $4.3 billion to 40,930 victims of Bernard Madoff's Ponzi scheme, recovering an average of 93.71% of proven losses.

Progress

36% Bias Score

Reduced Inequality
lemonde.fr
🌐 85% Global Worthiness
News related image

Montenegro to Extradite Do Kwon to US

Montenegro will extradite Do Kwon, the South Korean cryptocurrency specialist, to the United States following his arrest in March 2023 for possessing a fake passport and his alleged role in the $40 billion collapse of Terraform Labs, after the Montenegrin Constitutional Court rejected his appeal.

Progress

40% Bias Score

Peace, Justice, and Strong Institutions
dailymail.co.uk
🌐 85% Global Worthiness
News related image

Walmart Faces Lawsuit for Allegedly Deceiving Delivery Drivers

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Walmart, alleging the company secretly opened bank accounts for over a million delivery drivers via the Spark program, using their personal information and resulting in over \$10 million in fees since 2021.

Progress

56% Bias Score

Decent Work and Economic Growth