Banking giant JPMorgan Chase is accused of knowingly enabling an alleged Ponzi scheme targeting retail investors. Plaintiff David Stapleton alleges the bank boosted an obvious fraudulent scheme orchestrated by Sanjeev …
Category:
Scams
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Scams
Fake $100 Bills Spew From US Bank’s ATM As Customers Receive Paper Marked For ‘Motion Picture Purposes’: Report
by skolnesCustomers at a billion-dollar bank say they’re shocked after a worthless trip to the ATM. More than a dozen people received counterfeit $100 bills marked “for motion picture purposes” and …
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Scams
US Judge Accuses Former FTX Executive Ryan Salame of Providing False Testimony During His Guilty Plea: Report
by skolnesA US judge has reportedly accused embattled former FTX executive Ryan Salame of providing false testimony during his guilty plea last year. District Judge Lewis A. Kaplan indicated in court …
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Scams
FTX’s Caroline Ellison To Be Sentenced This Month for Role in Collapse of Crypto Exchange: Court Documents
by skolnesNew court documents reveal that former FTX executive Caroline Ellison is set to be sentenced later this month for her role in the multi-billion-dollar downfall of the crypto exchange in …
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Scams
FBI Says Scams Targeting Crypto Users Skyrocketing in Severity and Complexity After $5,600,000,000 Lost in 2023
by skolnesThe U.S. Federal Bureau of Investigation (FBI) is detailing the rising scale and complexity of cryptocurrency fraud schemes. In its newly released Cryptocurrency Fraud Report for 2023, the FBI says …
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Scams
Crypto Exchange Hacked After 150 Suspicious Transactions Drain Over $22,000,000 From Reserves: SlowMist
by skolnesBlockchain security firm SlowMist is reporting that an Indonesian crypto exchange was hacked for over $22 million in digital assets. SlowMist says that crypto exchange Indodax saw its hot wallets …
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Scams
New Android Malware Posing As Legitimate App Emerging, Stealing Seed Phrases of Crypto Users: Cybersecurity Firm
by skolnesCrypto wallet owners in Korea should be wary of a new type of mobile malware designed to steal seed phrases, warns the cybersecurity firm McAfee. A seed phrase is a …
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Scams
JPMorgan Chase Allegedly Allows $205,542 Withdrawal After Bank of America Warns Cash Is Stolen, Belongs To Customer
by skolnesJPMorgan Chase is accused of allowing hundreds of thousands of dollars to exit a scammer’s account after the bank was warned of fraudulent activity. A new lawsuit from Massachusetts-based Baystate Health …
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Scams
JPMorgan Chase Insider Drains Customers’ Accounts, Lifts $12,948 in Cash From ATMs: US Bank Regulator
by skolnesA US regulator says a former JPMorgan Chase employee has admitted to stealing thousands of dollars from customers’ accounts and from the bank’s ATMs. The Office of the Comptroller of …
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Scams
‘Consider Changing Your PIN’ – Wells Fargo Customers Warned by Police As ATMs Rigged by Scammers Twice in One Week: Report
by skolnesPolice are warning Wells Fargo customers about a serial card skimming scam targeting people who use the bank’s ATMs. Authorities in the Southern California city of Pasadena say that for …