The FTC and Advisory Group work to address fraud targeting the elderly as over $1.9 billion lost to scams in 2023. The Federal Trade Commission (FTC) recently released…
Read MoreFraud
Treasury AI, Fraud Detection Recovers $4 Billion in Improper Payments
Expanding the identification process significantly increases 2024 fraud recovery. The Treasury Department prevented $4 billion of improper payments within government agencies in the 2024 fiscal year, announcing the…
Read More
SEC Charges Crypto Market Manipulators in Fraudulent Trading Scheme
Investors were deceived by artificial trading volume and price manipulation. The Securities and Exchange Commission (SEC) filed fraud charges against three companies and nine individuals for engaging in…
Read More
Supreme Court Declines Appeal by Former Pharma Executive
The court upholds the $64 million penalty, holding the former CEO liable for price gouging and fraud. The Supreme Court declined to hear an appeal filed by former…
Read More
Costa Rica, Dominican Republic, and Panama Join FTC’s International Agreement
The new partners will enhance cross-border collaboration on consumer protections from fraud and illegal practices. The Federal Trade Commission (FTC) announced that consumer protection agencies from Costa Rica,…
Read More
SEC Charges Hacker for Insider Trading on Stolen Earnings Data
A U.K. citizen used sophisticated technology to hide his identity. The U.S. Securities and Exchange Commission (SEC) has charged a U.K. citizen for hacking into the computer systems…
Read More
Treasury Department Takes Action on Mail Theft Check Fraud
Federal agencies and Postal unions call for stronger protections as mail theft-related fraud rises nationwide. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) reported a significant rise in…
Read MoreEsmark and Founder Settle SEC Charges Over False U.S. Steel Tender Offer
SEC fines Esmark Inc. and James Bouchard for announcing a $7.8 billion tender offer for U.S. Steel without having the financial means to complete the deal. The Securities…
Read MoreFTC Settlement Bars Sweepstakes Operator from Further Scams
Perpetrator’s prize promotions defrauded consumers of $28 million worldwide. The Federal Trade Commission (FTC) announced that Victor Ramirez has agreed to a settlement that permanently bans him from…
Read More
VA Launches Call Center to Protect Veterans from Fraud and Scams
The department establishes the VSAFE website and call center for assistance. The Department of Veterans Affairs has launched resources to help protect U.S. veterans, service members, and their…
Read More