In criminal law, fraud is intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent, and verb is defraud. Fraud is a crime and a civil law violation, though the specific criminal law definition varies by legal jurisdiction. Defrauding people or entities of money or valuables is a common purpose of fraud. A hoax also involves deception, but without the intention of gain or of damaging or depriving the victim.
All stories in Fraud
-
GM and Nikola’s deal didn’t go through on time, leaving the Badger's future uncertain
Nikola and GM were supposed to finalize their deal yesterday, but the deadline has come and gone and nothing has happened. ...
-
Prosecutors claim to have caught teenage mastermind behind Twitter hack
An investigation has allegedly turned up the perpetrators of the July 16 Twitter hack. The apparent mastermind is a Florida ...
-
Self-styled 'coyote of Wall Street' gets 33 months in prison for $224K crypto fraud
CabbageTech's CEO has been sentenced to 33 months in federal prison after pleading guilty to defrauding cryptocurrency investors. ...
-
3 security steps you should take to protect your company from fraud
Security needs to be baked in from the beginning – not bolted on at the end. Here are the key security questions businesses ...
-
Dutch crypto payment fraudsters could face 6 years in prison under new bill
Law makers in the Netherlands could increase the maximum prison sentence for those committing payment fraud with cryptocurrency ...
-
Bitcoin fraudsters target head of $230B fund in latest Facebook scam
The CEO of Singapore's Temesek has been used to peddle Bitcoin scams on Facebook, the latest incarnation of a long-running ...
-
Cops nab fraudster by tracing phone number linked to Bitcoin purchases
A 25-year-old woman who spent $300,000 using credit card and bank account information bought with Bitcoin has pleaded guilty ...
-
OneCoin lawyer found guilty in $4B cryptocurrency scam
The US lawyer who made $50 million after routing $400 million on behalf of the OneCoin cryptocurrency scam has been found ...
-
Hackers breached Macy's website and hijacked customers' payment info (Updated)
Popular US department store chain Macy's has revealed that its website was hacked with malicious scripts in an attempt to ...
-
Nevada man charged for allegedly running $11M Bitcoin Ponzi scheme
A man in the US has been charged for allegedly operating an $11 million Bitcoin Ponzi scheme.
-
Bitcoin escrow firm owner charged over $7M cryptocurrency fraud
The director of Bitcoin escrow service Volantis Market is facing several years in prison if found guilty of cryptocurrency-related ...
-
The sad and peculiar case of Satowallet’s alleged $1M cryptocurrency exit scam
Users of cryptocurrency wallet Satowallet have been unable to access their funds for quite some time, and now the CEO has ...
-
A beginner’s guide to cryptocurrency feuds for curious Bitcoin newbies
Feuding happens in almost every industry and thanks to social media, normies like me can sit back and watch the juicy fights ...
-
‘Full-time #crypto trader’ gets 20 months in prison for selling stolen data for Bitcoin
This trader says he was full-time in cryptocurrency, but he was actually running a data-hacking service on the side to earn ...
-
AT&T employees bribed with $1M to unlock millions of phones
Millions of mobile phones were unlocked by AT&T insiders who took bribes to plant malware and remove the phones from the ...
-
UK judge slams Craig Wright's defamation case against Roger Ver
A UK judge has dismissed a defamation case filed by Craig Steven Wright, Bitcoin's self-proclaimed creator, against Bitcoin ...
-
UK drafts collaborative plan to crack down on cryptocurrency crime
The UK government is seeking to crack down on the use of crypto assets for money laundering or other illicit activities.
-
Fraudsters fined $360,000 for running bogus Bitcoin trading ring, impersonating CFTC
A Texas federal court has granted a motion for a default judgement against two individuals who solicited money by fraudulently ...
-
Dutch billionaire and Big Brother creator sues Facebook over fraudulent Bitcoin ads
Cryptocurrency fraudsters used Dutch billionaire John de Mol to peddle Bitcoin scams. Now, he wants revenge, and Facebook ...
-
ICO fraud update: DJ Khaled and Mayweather walk free, Kevin Hart next to be investigated
The US Court for the Southern District of Florida has dismissed the case of initial coin offering (ICO) fraud against DJ ...
-
Airbnbeware: Amsterdam tourists got a dirty shipping container instead of €134 ‘clean home’
Airbnb is notoriously disruptive; whether it's revolutionizing the hotel industry, causing housing shortages, or unveiling ...
-
‘Shadow banking’ duo charged for laundering millions of dollars for cryptocurrency exchanges
A US Attorney has charged two people in connection with running an unlicensed money transfer business used to make deposits ...
-
Australian cryptocurrency scams earned $4.3 million last year, up 190%
Australia's consumer watchdog has detailed the extent of the nation's problem with cryptocurrency fraud - and the data says ...
-
Bitcoin phisher steals $365,000 and 10,000 passwords from dark web users
A 37 year-old man in the US has been sentenced to one year and one day in prison for fraud in connection with a Bitcoin ...
-
Microsoft's Bing blocked 5,000,000 cryptocurrency ads in 2018
Microsoft's Bing has boasted it successfully blocked more than 5 million cryptocurrency-related ads, after it imposed a strict ...
-
Fighting crypto fraud will soon become easier, here’s why
Anyone who’s spent any time in cryptocurrency communities knows fraud is a widespread issue. We’ve seen ‘pump and ...
-
Bulgarian cryptocurrency scam lures UK investors with fake FCA accreditation
The UK FCA is warning consumers to be extra vigilant as cryptocurrency scammers are falsely claiming to have FCA accreditation. ...
