FRAUD

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Oct 11 2024CRIME

Crypto CEO Vanishes Before Trial, Leaving Investors High and Dry

A cryptocurrency CEO, Horst Jicha, has vanished just before his trial in Brooklyn Federal Court. He was accused of stealing $150 million from investors. Jicha, a German citizen, ran a European company called USI Tech. This company promised investors a daily return of 1% on their bitcoin investments

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Oct 09 2024POLITICS

The 1960 Election: A Lesson for Today's Voters

Imagine looking back at the 1960 U.S. presidential race, a time that sounds a lot like today. CNN's Chris Wallace takes readers back to a divided America. It was January, and Senator John F. Kennedy from Massachusetts just announced his run for the presidency. The stage was set with colorful players

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Oct 07 2024CRIME

Prosecutors Seek Custody for Fraud Suspect Due to Risk of Flight and Drug Use

In April 2022, prosecutors asked that a suspect be held in custody due to concerns about his history of evading law enforcement and drug use. The suspect, Anthony Cipolla, has a record of attempting to flee from authorities, including an incident where he climbed onto the roof of his home when feder

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Oct 07 2024BUSINESS

Stealing Millions for Luxury Life: Ex-Facebook and Nike DEI Manager's Shocking Fraud Revealed

Ever wondered how a successful employee could turn into a thief? Let's talk about Barbara Furlow-Smiles, who worked as a diversity program manager at Facebook and later Nike. She got caught red-handed stealing over $5 million! This was no small theft; she planned it meticulously with fake vendors, b

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Oct 07 2024CRIME

Swansea Car Dealer Arrested After Victims Report Fraud

Police in Swansea have arrested a used car dealer after dozens of people claimed they were scammed. The owner of Bristol County Auto Exchange, Edward Cicciu, is accused of selling cars without proper titles and keeping the money. Since May, about 35 victims have come forward saying they bought cars

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Oct 07 2024BUSINESS

Digital Payments in Agriculture: A Shift Towards Technology

Bushel, a software company that creates tools for the agricultural supply chain, has some interesting findings. Their recent report shows that farmers are moving away from paper checks. Over the last year, there's been a 12% drop in payments made by check. But it's not just about what's decreasing;

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Oct 07 2024CRYPTO

Watch Out for Fake Lawyers After Crypto Scams

Cryptocurrencies have been a big thing since Bitcoin came on the scene in 2009. Now, there are over 20,000 cryptos out there. But with this growth comes trouble – crypto scams are on the rise. The FBI says these scams went up by more than 50% between 2022 and 2023, reaching almost $4 billion in loss

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Oct 07 2024POLITICS

Could Ivanka Trump Take Over the Family Business?

As former president Donald Trump faces a serious lawsuit in New York, some experts are speculating that his daughter, Ivanka Trump, might step in to manage the family's business empire. The lawsuit, worth $370 million, was filed by New York Attorney General Letitia James and includes Donald Trump, h

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Oct 06 2024CRIME

A Surprising Pair: Diddy and Sam Bankman-Fried Share a Cell in Brooklyn Jail

In the Metropolitan Detention Center of Brooklyn, two notable figures are sharing a dormitory-style room. The rapper Sean Combs, known as Diddy, has been denied bail on serious charges like sex trafficking and racketeering. He's been there for almost a week. His new roommate is Sam Bankman-Fried, th

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Oct 06 2024BUSINESS

Fraud in Freight: How Truckstop is Fighting Back

The freight industry has long been a target for fraudsters. But recent tough economic times and the slow adoption of new tech have created a perfect storm, making it easier for scammers to strike. Truckstop, a company that helps manage cargo and carrier information, is taking action. In just the fir

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