Tags Fraud

Tag: Fraud

BitFunder and WeExchange CEO, Jon Montroll, Sentenced to 14 Months for...

Jon Montroll, operator of WeExchange Australia and BitFunder, has been sentenced to 14 months in prison for fraud and obstruction of justice. Read more: crowdfundinsider

Is banking security in Africa holding fintech back?

Many people are becoming more interested in what’s going on in African banking and fintech. Read more: finextra

Federal Court Orders Duo to Pay Penalties, Restitution for Bitcoin Fraud

In a case brought by the Commodity Futures Trading Commission (CFTC), two defendants were ordered to pay almost $400,000 in penalties and restitution regarding Bitcoin-related fraud. Read more: crowdfundinsider

Hot Water Gets Hotter: NY Attorney General Claims Bitfinex Operated Unlawfully...

The Attorney General of New York (NYAG) has submitted a memorandum that claims New York authorities have no jurisdiction and that its fraud investigation is impeding business. Read more: crowdfundinsider

Texas Securities Board Launches Second “Investigative Sweep” in Response to Recent...

Three parties accused of soliciting Texas investors with fraudulent cryptocurrency offerings have received emergency cease and desist orders as part of Texas’ “second regulatory sweep of cryptocurrency investment offerings.” Read more: crowdfundinsider

Dublin-Registered Crypto Exchange Bitsane Vanishes with User Funds

Bitsane, a Dublin-based cryptocurrency exchange with 246 000 registered users, went suddenly offline last week, and users say they cannot access funds they were keeping on the exchange. Read more: crowdfundinsider

Top tips for financial institutions looking to address fraud in invoices

Despite new technologies and processes aiming to help root out fraudulent activity, fraud continue Read more: www.finextra.com

Estonia arrests ex-Danske staff over money laundering case

Estonian police have arrested ten former Danske Bank employees as the €200 million money laundering case continues. Read more: www.bankingtech.com

Spike in fraud pushes up Venmo losses

PayPal-owned P2P payments app Venmo experienced a surge in fraud earlier this year, leading to bigger than expected quarterly losses. Read More: www.finextra.com

Fight the fraudsters with bometric identification

Welcome to our 4-part blog series on Giving the Finger to Fraud. In this first post, David Orme Read more: www.finextra.com