JPMorgan Weighs Lawsuit Against Consumer Watchdog Over Fraud Probe
The CFPB has given JPMorgan an ultimatum to either pursue a settlement or face enforcement action due to concerns about ...
Mastercard To Use Generative AI For Card Fraud Detection
American payment card service Mastercard is implementing generative AI technology to combat credit card fraud. As one of the largest ...
FTX’s Sam Bankman-Fried Sentenced to 25 Years In Prison, Ordered To Forfeit $11 Billion
Bankman-Fried was convicted of fraud and conspiracy. The judge expressed a concern for potential future harm. FTX's founder Sam Bankman-Fried's ...
Sam Bankman-Fried’s Fate Hangs In Balance As Prosecutors Seek 40-50 Year Prison Term
Bankman-Fried was found guilty of seven fraud and conspiracy offenses. Prosecutors emphasized his lack of remorse for his crimes, indicating ...
CFTC Warns Against Trusting AI-Generated Trading Claims
AI trading scams exploit investors with false promises of huge returns. The regulator has urged investors to conduct thorough research ...
FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison
The SEC and CFTC allege that Singh manipulated FTX software and withdrew $6 million in customer assets. He becomes the ...
SEC Charges Sam Bankman-Fried for ‘Orchestrating Year-Long Fraud’ Against Equity Investors
The US Securities and Exchange Commission (SEC) announced Thursday that it had filed a complaint against FTX’s former CEO Sam ...
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