Tag #Investment Fraud

Showing 25 to 29 of 29 results

nrc.nl

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Jan 8, 04:08

Dutch Crypto Trader Arrested for Alleged €4.5 Million Fraud

A 24-year-old Dutch crypto trader was arrested on Monday for suspected fraud and embezzlement after informing hundreds of clients in early 2023 that he had lost their investments, totaling an estimated €1.5 million to €4.5 million; a local foundation representing 75 victims compiled a dossier for po...

Dutch Crypto Trader Arrested for Alleged €4.5 Million Fraud

A 24-year-old Dutch crypto trader was arrested on Monday for suspected fraud and embezzlement after informing hundreds of clients in early 2023 that he had lost their investments, totaling an estimated €1.5 million to €4.5 million; a local foundation representing 75 victims compiled a dossier for po...

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What are the immediate consequences of the arrest of the Hengelo crypto trader, and what is the estimated financial impact on victims?

A 24-year-old crypto trader from Hengelo, Netherlands, was arrested on Monday on suspicion of fraud and embezzlement. The police confirmed the arrest following reports in local media, stating that the man informed hundreds of clients early last year that he had lost their investments and profits. A local foundation representing 75 victims has compiled a dossier detailing the alleged scam and handed it to the police.

pda.kp.ru

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Dec 13, 16:13

Putin Signs Laws Increasing Penalties for Financial Fraud and Debt Collection Abuse

Russian President Vladimir Putin signed laws increasing penalties for financial fraud and abusive debt collection, expanding pension eligibility in new regions, and regulating data transparency during wartime.

Putin Signs Laws Increasing Penalties for Financial Fraud and Debt Collection Abuse

Russian President Vladimir Putin signed laws increasing penalties for financial fraud and abusive debt collection, expanding pension eligibility in new regions, and regulating data transparency during wartime.

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What are the key legislative changes introduced by President Putin's recent decrees?

President Putin signed several laws impacting various sectors. New legislation increases fines for illegal investment schemes to 500,000 rubles for legal entities and introduces stricter penalties for debt collectors exceeding their authority, with fines reaching 2 million rubles. Additionally, pension eligibility is extended for residents of newly incorporated regions.

cbsnews.com

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Dec 4, 04:09

Former CEO Sentenced to 20 Years for \$190 Million Ponzi Scheme

Johanna Michely Garcia, former CEO of MJ Capital Funding, was sentenced to 20 years in prison for a \$190 million Ponzi scheme that continued while she was in federal custody, defrauding over 2,000 investors and resulting in nearly \$90 million in losses.

Former CEO Sentenced to 20 Years for \$190 Million Ponzi Scheme

Johanna Michely Garcia, former CEO of MJ Capital Funding, was sentenced to 20 years in prison for a \$190 million Ponzi scheme that continued while she was in federal custody, defrauding over 2,000 investors and resulting in nearly \$90 million in losses.

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What is the extent of the financial losses and the sentence imposed on Johanna Garcia for her role in the Ponzi scheme?

Johanna Michely Garcia, former CEO of MJ Capital Funding, received a 20-year prison sentence for a Ponzi scheme defrauding investors of over \$190 million. The scheme continued even while Garcia was in federal custody, involving multiple companies and over 2,000 victims. Investors lost nearly \$90 million.

lexpress.fr

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Dec 22, 10:06

AI-Driven Investment Scams Surge on Social Media

AI-powered investment scams are proliferating on social media, using fake websites, celebrity endorsements, and promises of unrealistic returns to defraud victims of millions of euros; in December alone, Meta's ad library showed over 400 active ads linked to suspicious sites.

AI-Driven Investment Scams Surge on Social Media

AI-powered investment scams are proliferating on social media, using fake websites, celebrity endorsements, and promises of unrealistic returns to defraud victims of millions of euros; in December alone, Meta's ad library showed over 400 active ads linked to suspicious sites.

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How do these scams exploit current technological trends to deceive victims?

Fraudsters leverage current technological trends, like AI, to enhance their scams' credibility. This tactic, combined with the use of celebrity endorsements and fake websites, makes these schemes increasingly difficult to detect. The widespread nature of these ads, reaching thousands, underscores the scale of the problem.

nytimes.com

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Dec 5, 22:09

Kontilai Sentenced to Prison for Fraudulent Scheme Involving Jackie Robinson Contracts

Mykalai Kontilai, 55, was sentenced to 51 months in prison and ordered to pay $6.1 million in restitution for a wire fraud scheme involving the misrepresentation of Jackie Robinson's baseball contracts to investors, resulting in the misappropriation of $6.1 million in funds for personal use and his ...

Kontilai Sentenced to Prison for Fraudulent Scheme Involving Jackie Robinson Contracts

Mykalai Kontilai, 55, was sentenced to 51 months in prison and ordered to pay $6.1 million in restitution for a wire fraud scheme involving the misrepresentation of Jackie Robinson's baseball contracts to investors, resulting in the misappropriation of $6.1 million in funds for personal use and his ...

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What was the outcome of Mykalai Kontilai's trial, and what were the key elements of his fraudulent scheme?

Mykalai Kontilai, 55, received a 51-month prison sentence and a $6.1 million restitution order for a years-long fraud scheme. He used his ownership of Jackie Robinson's contracts to fraudulently raise $23 million for his e-commerce business, misappropriating $6.1 million for personal use. This lavish spending included luxury cars, private schooling, and high-end rentals.

Showing 25 to 29 of 29 results