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Scammers Extract $6,000,000 From Hundreds of Americans in Massive Inheritance Fraud Scheme: DOJ
A Nigerian national spearheaded an inheritance scheme that drained more than $6 million from hundreds of Americans, acco...

AI Worries Erase $1 Trillion From Big Tech Firms
Is artificial intelligence going to disrupt broad swaths of the economy? Or are tech giants like Amazon, Google and Meta funneling hundreds of billions into the sector with no sign of results? ...

Fraud Ring Allegedly Drains $55,000,000 From Seniors in Nationwide ‘Gold Bar Scam’ – Why Authorities Are Raiding Jewelry Stores in Texas
Authorities in Texas say they’ve uncovered a nationwide scam that’s drained $55 million from hundreds of elderly victims. Federal, state and local officers just raided two jewelry stores in Irving...

Los Angeles Charity Director Accused of Stealing $10,000,000, Spending Funds for Homeless on Lavish Lifestyle
The director of a Los Angeles-based charity is accused of stealing at least $10 million from a trove of cash that was meant to help the homeless. The U.S. Department of Justice says 42-year-old Abunda...

Hackers Hit Android and iPhone Users’ Bank Accounts, Launch Mobile Spyware Platform Triggering Total Device Takeover
Hackers have launched a sophisticated mobile spyware platform that triggers a total compromise of Android and iOS devices. Researchers at iVerify say the platform is called ZeroDayRAT and is currently...

Wells Fargo Handing $56,850,000 To Customers After Allegedly Sending Botched Reports To Credit Agencies
Wells Fargo has agreed to pay $56.85 million to settle a class action lawsuit accusing the bank of sending erroneous reports to credit agencies. The lawsuit accuses the bank of wrongfully reporting mo...

US Credit Card Debt Shatters $1,280,000,000,000 As Goldman Sachs Warns Americans Facing ‘Affordability Problem’
US credit card debt is mounting as banking giant Goldman Sachs warns Americans are facing an affordability crisis. New data from the Federal Reserve Bank of New York shows American credit card debt in...

Bank’s Anti-Fraud Agent Steals Customers’ Identities, Drains $2,000,000 From Victims’ Accounts
A US bank employee hired to protect people from fraud ended up stealing $2 million from customers, according to the U.S. Department of Justice. The DOJ says 36-year-old Chinese national Yue Cao used h...

New York Scammers Allegedly Steal $120,000,000 From Medicare and Medicaid, Paying Elderly Patients To Fuel Scheme
Two men from New York are accused of running a healthcare scheme that defrauded Medicare and Medicaid out of more than $100 million. The U.S. Department of Justice (DOJ) says it’s charging two men...

New York Begins Handing $1,200 To Residents Per Month in Guaranteed Income Pilot Program – Here’s Who Will Receive the No Strings Attached Payments
New York City has officially launched a guaranteed income pilot program to test whether cash handouts can help people achieve self-sufficiency and stability. The $1.5 million initiative is giving mont...

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