Fraud
U.S. seizes $15 billion in bitcoin from Cambodian crypto scam
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Federal prosecutors have charged Chen Zhi, chairman of Cambodia's Prince Holding Group, with wire fraud and money laundering in a global cryptocurrency scam that exploited forced labor. The U.S. government seized bitcoin worth approximately $15 billion, marking the largest forfeiture action in Department of Justice history. Chen remains at large, facing up to 40 years in prison if convicted.
New York AG Letitia James faces federal mortgage fraud indictment
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A federal grand jury in Virginia indicted New York Attorney General Letitia James on October 9, 2025, for bank fraud and making false statements related to mortgage applications. NYC mayoral candidate Zohran Mamdani defended James the next day, calling the charges political retribution by the Trump administration. Conservatives on social media mocked James by resurfacing her past statements about no one being above the law.
AI-generated receipts fuel rise in fake expense claims
Businesses face a growing threat from employees using advanced AI tools to create realistic fake expense receipts. Expense management platforms report a sharp increase in such fraud attempts since the launch of improved image-generation models. Companies are now relying on AI detection systems to combat the deception.
Fraudsters use crypto ATMs to launder millions from Canadian victims
A CBC News investigation has uncovered how cryptocurrency ATMs in Canada are being exploited by scammers to extract and launder money from victims nationwide. These machines, legal and widespread, allow quick conversion of cash to crypto that can be sent globally. Victims like a Calgary retiree have lost thousands, highlighting vulnerabilities in the system.
Yeidep postpones business grants disbursement and warns fraudsters
October 20, 2025 00:42Indictment against former Hertha investor for fraud
October 17, 2025 00:53Houston woman loses thousands in jury duty scam using crypto
October 17, 2025 00:53Five men arrested in London over alleged crypto investment scams
October 15, 2025 00:33Crypto ATM scams defraud Americans of millions
October 12, 2025 00:35Police body camera captures crypto scam at bitcoin ATM
October 11, 2025 00:36Crypto scam targets Richland County
October 08, 2025 00:49Former employees allege fraud sustains Canada's crypto ATM industry
US seizes $15 billion in bitcoin from Cambodian pig butchering scam
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Federal prosecutors have seized 127,271 bitcoin worth approximately $15 billion from a massive cryptocurrency fraud scheme operated from forced labor camps in Cambodia. The operation, led by Chinese national Chen Zhi, involved human trafficking and investment scams targeting victims worldwide. Chen faces charges of wire fraud and money laundering conspiracy, marking the largest forfeiture action in US history.
Robbery at Susana Zabaleta's home uses 'La Patrona' method
Mexican actress Susana Zabaleta was robbed at her Mexico City home while on vacation, through the 'La Patrona' scam that extorted her domestic worker. Authorities confirmed the incident and noted it is not the first break-in at her property. The method also targeted TV host Pati Chapoy in 2019.
FINRA survey highlights crypto investors' fraud vulnerability
New findings from the FINRA Investor Education Foundation reveal that crypto and meme stock investors are more likely to fall for fraudulent investment offers. Younger and less experienced investors show heightened susceptibility. The report coincides with the rapid growth of tokenized stocks, raising concerns about regulatory protections.
Shelton man loses life savings in online crypto scam
A man from Shelton, Connecticut, has lost $228,000 in savings to an online cryptocurrency investment scam. Joe Allen shared his story to warn others after falling victim to fraudsters posing as ZAP Solutions. His family has reported the incident to local police and the FBI.