You know how banks use AI to catch fraud? Well, Uncle Sam is doing the same thing! The US Treasury Department just used AI to catch $1 billion in check fraud alone last year. That's huge! And it's not just checks. They stopped over $4 billion in fraud overall. How? By using machine learning to dig t
In Alabama, a man named Eric Council Jr. was recently arrested for his role in a hacking scheme that sent the bitcoin market into a rollercoaster ride. The Justice Department revealed that Council and his accomplices hacked into the Securities and Exchange Commission's (SEC) account on the X platfor
Imagine this: someone tricks your cell phone provider and takes over your number. Scary, right? This is what's called a SIM swap. Now, let's talk about how this happened to the Securities and Exchange Commission (SEC) and how it affected Bitcoin. A clever attacker pulled off a SIM swap to gain cont
Recently, a man named Jugoslav Vidic from Parma Heights, Ohio, was sentenced to three years in prison. This was because he lied about his past when he moved from Croatia to the United States. The lie was about serious war crimes he was accused of in his home country. Vidic admitted to these cri
Charles Lawrence, a 50-year-old financial advisor from Northpoint, New York, has been sentenced to eight-and-a-half years in prison for a fraudulent scheme. Lawrence duped 11 investors from New York, Wisconsin, North Carolina, and abroad into a fake trading program, convincing them to wire money to
Ryan Salame, the ex-co-CEO of FTX Digital Markets, is starting his lengthy fraud sentence today. Before heading to prison, he shared a lighthearted LinkedIn post to ease the tension. His update announced his new "position" as an "Inmate at FCI Cumberland," accompanied by a cheerful cartoon. It seems
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
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
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
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
