VENTURE CAPITAL POST

Losses exceeding $700,000 in individual cases due to refund fraud were owed to platforms like TikTok and Telegram, where these schemes were promoted.

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.

The Federal Bureau of Investigation (FBI) has documented a record-breaking $12.5 billion in losses from online scams in 2023.

Former President Donald Trump proposed to post a $100 million bond on Wednesday while appealing a New York judge's ruling that he must pay $454 million in penalties and interest in a civil fraud case.

The state of New York has filed a lawsuit against Citibank for its alleged failure to protect customers from electronic fraud and to reimburse victims for millions of dollars in losses.

There are a lot going on in the credit card industry, from credit card and gas related theft and fraud to online shopping without credit cards. Forbes reports on each of this credit card news. First, there is a fast spreading epidemic in the credit-card and gas-station industries where thieves are pumping gas illegally for profit. Meanwhile, a new Swedish checkout service allows people to shop online without using credit cards.

Home Depot Inc (HD.N) Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year's unprecedented breach at Target Corp (TGT.N).

Mt. Gox said it had found 200,000 Bitcoins in a wallet that it used before June 2011. The discovery was made on March 7, a week after it had filed for bankruptcy, Reuters reported

Many local and foreign private equity firms have been seeking the government of India to conduct investigations on alleged fraud and poor corporate standards of some portfolio companies.

Muddy Waters' Carson Block sent out an email saying that 72% of NQ Mobile's revenues were 'fictitious".

Royal Park claims fraud in the marketing and sale of residential mortgage backed securities.

A federal judge allowed the lawsuit filed by the Justice Department against a unit of Bank of America to proceed by endorsing a broad interpretation of the FIRREA.

Fabrice Tourre, former Goldman Sachs junior executive, contested the charges against him when he took the stand on Wednesday.

US federal prosecutors revive a 30 year old law to prosecute Wall Street banks that sold toxic loans in 2008.

Lululemon was sued for fraud over sheer yoga pants and its CEO sudden resigned.