A Manhattan Citibank personal banker took advantage of an elderly man with dementia, stealing over $150,000 of his hard-earned money. The banker used some of the stolen funds to indulge in a luxury Harley-Davidson motorcycle. Juan Velez, 35, of Hoboken, NJ, could have spent up to 15 years behind bars for his crime. However, prosecutors … Read more
Starling Bank, a UK bank, has issued a warning regarding a recent surge in scams that employ artificial intelligence (AI) to mimic individuals’ voices. The British bank is cautioning the global community about the emergence of AI voice cloning scams. According to a press release, the bank is currently handling hundreds of such cases, and … Read more
An American musician is accused of illegally using AI tools and thousands of bots to generate billions of song streams, leading to millions of dollars in unmerited royalties. Michael Smith, a North Carolina resident, is facing three charges: wire fraud, wire fraud conspiracy, and money laundering conspiracy. Prosecutors claim they have never encountered a criminal … Read more
A former real estate agent and her spouse had to use their retirement funds to purchase a home after falling victim to a scam that resulted in a loss of $63,000. This occurred when Laurie and Rich Ramelow relocated from California to Texas to be closer to their daughter. Laurie, previously a real estate agent, … Read more
New Delhi: Union Minister Shobha Karandlaje demanded on Tuesday Karnataka Chief Minister Siddaramaiah’s resignation, claiming that he was involved in the alleged Mysuru Urban Development Authority and Karnataka Maharshi Valmiki Scheduled Tribe Development Corporation scams. At a press conference at the BJP headquarters here, Karandlaje said Siddaramaiah must immediately tender his resignation for a “fair … Read more
Meta Platforms-owned WhatsApp has inked a collaborative pact with communications services company Tanla Platforms to identify fraudulent phone numbers in an attempt to boost efforts at controlling scams over its messaging platform, a top executive close to the companies said. “Given that WhatsApp is an end-to-end encrypted channel, external signals are crucial for the platform … Read more
New Delhi: Cybersecurity researchers have revealed the alarming rise of investment scams in India peddled through social media messaging platforms such as Facebook, WhatsApp, Telegram, X, and others, in which fraudsters convince users to invest in crypto, stocks by promising assured returns, a new report showed on Tuesday. Since the beginning of 2024, the threat … Read more
Have you ever gotten a call claiming your Amazon account is compromised or a frantic email urging you to renew your nonexistent Geek Squad protection? You’re not alone. Scammers constantly impersonate well-known brands to trick people into giving up personal information or money. So, which brands are the biggest targets, and how can you stay … Read more
SINGAPORE: Three men have been arrested for allegedly using fake gold ingots to cheat a woman of S$4,000 (US$2,900), police said on Friday (Jun 21). Police received a report at about 3.15pm on Wednesday that a woman was cheated of her money after two men handed her the gold ingots for “safekeeping”. Preliminary investigations revealed … Read more
Opinions expressed by Entrepreneur contributors are their own. Summer is just around the corner, and with it comes an influx of vacationers ready to explore new destinations. As the summer travel season begins, businesses operating within travel and hospitality must adopt robust strategies to manage the anticipated increase in transaction volumes and fraud risks. These … Read more
