The U. S. government wants stablecoin companies to act like banks when it comes to stopping crimes like money laundering. New rules from the Treasury Department would require these firms to set up systems that block suspicious payments, freeze accounts linked to criminals, and report illegal activit
A finance chief in Joliet who handled public money for years got caught using it for personal trips, shows, and even sports games instead of running the park district’s budget. The man worked as the top financial officer from 2013 to 2019, earning over $100, 000 each year before his own office notic
A personal assistant in New York stole almost $10 million from an elderly couple who relied on her help. For seven years, from 2017 to 2024, she took advantage of their trust. Instead of doing her job, she wrote herself checks that were meant for them. She used the money to buy luxury items like han
As April approaches, crooks are getting bolder about stealing refunds before honest taxpayers can. Instead of breaking into mailboxes or hacking bank accounts, they’re now hijacking Social Security numbers to file fake tax returns and grab refunds. What’s especially sneaky is that the real owner mig
In 2025, a Connecticut resident lost a huge sum of cryptocurrency after falling for what looked like an official security notice. The message claimed their Ledger device—a small gadget used to store crypto—needed an urgent update. But the letter was a scam. When the victim followed the instructions,
A Lexington County man now faces fraud charges after allegedly swapping a real lottery ticket with a fake one worth $500 back in 2022. The incident came to light when lottery officials noticed something odd about a winning ticket claimed at a local convenience store. Instead of paying out the winner
A shadowy online marketplace handling cryptocurrency just got hit with sanctions that could freeze its operations. The UK government named Xinbi Guarantee, a platform that lets users trade in stolen data, money-laundering tools, and even tech used for running scams. This isn’t just a small operation
The UK government recently froze assets linked to a major Southeast Asian scam network, including properties in London. The crackdown targets a crypto marketplace called Xinbi, accused of selling stolen personal data and helping launder money for North Korean hackers. Over $19 billion in crypto has
Braden Karony, the former head of SafeMoon, is now facing a long stretch behind bars. A judge handed him an 8-year-and-4-month sentence for stealing millions from his own company. This wasn't a small-time scam. Karony took $9 million from SafeMoon's liquidity pool to fund his fancy lifestyle. He bou
A man from Virginia Beach received a 45-year prison sentence for tricking women into taking out loans for him. Dion Lamont Camp was found guilty of 19 crimes, including fraud and identity theft. He convinced 14 women he was a rich businessman named Myles, driving fancy cars and wearing designer clot
