A massive chunk of all US banking customers have recently experienced some type of fraud on their accounts, according to a new study. Consumer insights and analytics firm J.D. Power says the study shows 29% of US bank customers and 22% of credit card users – at banks like Wells Fargo, Bank of America and […]
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Former FTX executive Caroline Ellison is set to start her two-year prison term in Connecticut. According to a new report by CNBC, a Bureau of Prison (BOP) spokesperson said that Caroline Ellison – the former CEO of FTX’s sister company Alameda Research – will begin her two-year sentence after serving as the prosecution’s star witness. […]
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The U.S. Department of Justice (DOJ) is charging the founder and CEO of crypto firm Gotbit with wire fraud and conspiracy to commit market manipulation and wire fraud. In a new press release, the U.S. Attorney’s Office of the District of Massachusetts is alleging that 26-year-old Russian national Aleksei Andriunin and two Gotbit directors offered […]
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Wells Fargo is facing a new class action lawsuit over the bank’s alleged failure to properly secure customers’ personally identifiable information. The lawsuit, filed by lead plaintiff Tamra Bacon, alleges Wells Fargo has suffered a “preventable hack” that has exposed thousands of customers’ data. Wells Fargo confirmed a breach last month, stating an insider at […]
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A cryptocurrency scam targeting Coinbase users has resulted in a significant theft of over $20 million. An Indian national, Chirag Tomar, was sentenced for orchestrating this scheme, where fake websites mimicking Coinbase led to victims surrendering credentials. U.S. authorities revealed how fraudsters used advanced tactics, including remote desktop access and posing as support agents, to […]
A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions in cryptocurrency and disappearing just before his trial. An active investigation […]
During a recent appearance on Tucker Carlson's podcast, Salame claimed federal prosecutors unfairly targeted him for political reasons.
Convicted, former FTX executive Ryan Salame submitted himself to prison custody on October 11, 2024, at FCI Cumberland, according to Bureau of Prison records viewed by Cointelegraph.
Salame was sentenced to 90 months in prison for his role in the 2022 FTX collapse after pleading guilty to operating an unregulated money-transmitting business and campaign finance charges in 2023.
The former FTX executive attempted to delay his October 11 surrender date until December 7, 2024 — citing ongoing medical treatment for a dog bite — a motion strongly opposed by prosecutors and denied by Judge Lewis Kaplan in an October 10 ruling.
Three US banks are warning customers that their sensitive personally identifiable information has been exposed. In a filing with the Office of the Vermont Attorney General, Citizens Bank says it suffered a breach in the first half of this year. “On July 10, 2024, Citizens was alerted to an incident where images containing your personal […]
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Digital banking app Revolut says the company blocked more than $621 million of suspected fraudulent crypto and fiat transfers in 2023. In a new Revolut blog post, the company is highlighting the security measures it takes for its more than 45 million customers banking with them more than $23.7 billion of their wealth. “In 2023, […]
The post Revolut Says Company Has Prevented $621,880,000 in Potentially Fraudulent Crypto and Fiat Transfers appeared first on The Daily Hodl.
Wells Fargo says it feels bad for a customer, but refuses to reimburse, after a con artist ripped $14,000 from her account. It all started when California businesswoman Phi Dang was told a large invoice hadn’t been paid, reports NBC Los Angeles. Dang had mailed a $14,000 check and her statement showed it had already […]
The post $14,000 Drained From Wells Fargo Account in Alleged Chemical Con Job – Bank Says ‘Your Money Is Gone’, Refuses To Reimburse: Report appeared first on The Daily Hodl.
