A firm established by an 18-year-old was fined $50,000 for receiving $1.5 million fraud money in a bank account.
Legal & Regulatory
TikTok Ban Looms: CEO Shou Chew Urge Users to Protect the Platform Amid Divestiture Threat
Shou Chew, CEO of TikTok, has spoken against the US House measure requiring Bytedance to divest or risk a TikTok ban.
Former Treasury Secretary Steven Mnuchin Plans TikTok Buyout to Rescue TikTok Amid Potential US Ban
Former Treasury Secretary Steven Mnuchin leads investor group to rescue TikTok from potential U.S. ban, responding to bipartisan legislation mandating ByteDance divestment.
Amazon And Other Retailers Lost About $101 Billion To Refund Scam Promoted On TikTok And Telegram
Losses exceeding $700,000 in individual cases due to refund fraud were owed to platforms like TikTok and Telegram, where these schemes were promoted.
Europe Makes History As The First To Regulate AI, Affecting Platforms Like ChatGPT And Deepfakes
Europe sets a historic precedent by enacting the world's first comprehensive artificial intelligence law, aiming to regulate high-risk AI applications with enforcement measures, including fines of up to 7 percent of annual global profits for non-compliance.
Latest News
Retail giants face a growing threat from sophisticated organized crime rings, exemplified by a San Diego businesswoman's lucrative scheme involving stolen cosmetics sold on Amazon, prompting heightened security measures.
Ford Motor has agreed to pay $365 million to settle the US government's allegations that it violated a federal tariff law.
US Commerce Secretary aims to restrict China's access to advanced semiconductor tech for military use. Biden administration considers new curbs on Chinese firms.
The crypto exchange-traded products allowed entry to the UK market. Financial Conduct Authority (FCA) said it would not oppose solicitations from accredited investment platforms to establish a market segment in the United Kingdom for exchange-traded notes (ETNs) backed by cryptocurrency.
A Texas federal judge halted the NLRB's proposed policy of making it easier for major business workers to form unions.
Nvidia is facing a lawsuit filed by three authors alleging unauthorized use of their copyrighted works to train its NeMo AI platform.
US lawmakers are now scrutinizing the claims that SpaceX's Starlink service is being used in Russia.
Meta might be penalized by South Korea's antitrust office for allegedly failing to protect local consumers on its Facebook and Instagram marketplaces against fraudulent transactions.
Former President Donald Trump was ordered to pay six-figure legal fees to a British company he sued over claims in the "Steele dossier."
