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Tag: fraud

Phone companies ‘must do more’ to stop fraud calls

Phone companies ‘must do more’ to stop fraud calls

Business
Phone companies must do more to stop fraudsters who spoof phone numbers to trap victims, one of the UK's top law enforcement officers has said.Graeme Biggar, director general of the National Crime Agency's National Economic Crime Centre, says the UK needs "a step change in our response" to fraud.It costs the economy up to £190bn each year.Phone companies say they are committed to taking action over nuisance calls.Mr Biggar says there has been an "explosion" in the number of criminals spoofing phone numbers in the past 12 months."Phone companies have been used for fraud since they've been invented and it's a constant arms race to stop vulnerabilities and then stop them.Covid fraudsters steal £34.5m in scamsFraudsters 'scammed me out of every penny I had'Fraud epidemic 'is now national secur...
Software mogul John McAfee charged with cryptocurrency fraud

Software mogul John McAfee charged with cryptocurrency fraud

Business
March 5 (UPI) -- Federal prosecutors have charged antivirus software mogul John McAfee and an adviser with conspiracy to commit fraud, among other crimes, in a scheme involving cryptocurrency investments, authorities said Friday. The founder of the McAfee antivirus software company and associate Jimmy Gale Watson have been charged with conspiracy to commit securities fraud, wire fraud conspiracy and money laundering conspiracy. Advertisement Officials said the charges relate to two plots to fraudulently promote cryptocurrencies qualifying under federal law as commodities or securities. Authorities said agents arrested McAfee in Spain and Watson in Texas. Their arrests were announced Friday after indictments were unsealed in U.S. District Court in New York. "As alleged, McAfee and Watson ...
John McAfee charged with fraud over cryptocurrency

John McAfee charged with fraud over cryptocurrency

Technology
ReutersBusinessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering.Mr McAfee and his bodyguard Jimmy Gale Watson Jr are accused of promoting cryptocurrencies to Mr McAfee's large Twitter following to inflate prices.The currencies were then allegedly sold, making the pair $ 13m (£9.4m), prosecutors said.The men have not commented on the charges.Mr McAfee, 75, is currently being detained in Spain in relation to separate criminal charges relating to tax, which he denies. He faces possible extradition to the US.The strange life of John McAfeeThe latest charges were filed in the Manhattan federal court in New York. The pair are accused of buying the cryptocurrency assets before promoting them on Twitter, whe...
Irdai cautions public not to fall prey to fraud by Digital National Motor Insurance

Irdai cautions public not to fall prey to fraud by Digital National Motor Insurance

Finance
NEW DELHI: Insurance sector regulator Irdai has cautioned the general public against falling prey to fraud and cheating by Digital National Motor Insurance in selling policies without a license. It has been brought to the notice of Irdai that an entity by the name of Digital National Motor Insurance operating from Bangalore has been selling insurance policies, although it has not been licensed or granted registration by the authority to sell insurance policy of any kind, the regulator said in a public notice. The company's website is https://dnmins.wixsite.com/dnmins. The email-id of the entity is digitalpolicyservices@gmail.com. "The Authority cautions the public not to make any transaction related to insurance business with M/s DIGITAL NATIONAL MOTOR INSURANCE," Insurance Regulatory a...
Russian investigators open new fraud probe involving Navalny

Russian investigators open new fraud probe involving Navalny

World
Russian authorities are ramping up the pressure on top Kremlin critic Alexei Navalny and leveling new fraud accusations against himBy VLADIMIR ISACHENKOV Associated PressDecember 29, 2020, 8:32 PM• 3 min readShare to FacebookShare to TwitterEmail this articleMOSCOW -- Russian authorities on Tuesday ramped up the pressure on top Kremlin critic Alexei Navalny by leveling new fraud accusations against him.The Investigative Committee, Russia's main investigative agency, said it has opened a new criminal case against Navalny on charges of large-scale fraud related to his alleged mishandling of some $ 5 million in private donations to his Anti-Corruption Foundation and other organizations.Navalny, who is convalescing in Germany after an August poisoning with a nerve agent that he blamed on the K...