Fraud

Platform News: A visualisation of Bitcoin, digital currency and cryptocurrency

US SEC charges BitConnect founder with $2 billion cryptocurrency fraud

The top US securities regulator has sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion f...

Wirecard

German prosecutors open Wirecard money laundering probe

German state prosecutors are investigating individuals at Wirecard for suspected money laundering, adding to probes into alleged fraud, balance falsification and market manipulatio...

Wirecard

Germany passes the buck on Wirecard scandal

Germany’s accountancy watchdog has denied blame for failing to spot problems at collapsed payments firm Wirecard, the latest in a string of agencies to shirk responsibility f...

Wirecard AG

German watchdog chief calls Wirecard scandal a ‘massive criminal act’

The head of Germany’s financial watchdog has called the accounting scandal at Wirecard “a massive criminal act”, while the country’s premier financial insti...

Wirecard AG

Philippines promises ‘thorough’ probe of Wirecard

The Philippines’ anti-money laundering agency has said it would conduct a “swift and thorough” investigation into scandal-hit German payments firm Wirecard AG and...

Wirecard

Wirecard collapse leads to call for German parliamentary inquiry

Germany’s opposition has called for a parliamentary inquiry into the collapse of payments firm Wirecard after a global fraud that left a gaping hole in its books went undisco...

Fromer Wirecard CEO

Former CEO of Wirecard arrested as creditors hunt lost billions

Wirecard’s former boss has been arrested on suspicion of falsifying its accounts, after the German payments firm disclosed a $2.1 billion financial hole and questioned whethe...

Wirecard Payment Processing

Wirecard’s Chief Executive exits as search for missing billions hits dead end

Wirecard’s CEO quits as the German payments firm’s search for $2.1 billion of missing cash hit a dead end in the Philippines and it scrambled to secure a financial life...

US Supreme Court

US Supreme Court to consider limiting reach of computer fraud law

The Supreme Court in the US will consider whether to limit the type of conduct that can be prosecuted under a federal computer fraud law in a case it took up on Monday involving a ...

India

Scammers attempt to sell the world’s tallest statue as COVID-19 boosts crime

Police in India have just lodged a case against an unknown online fraudster who was attempting to sell the world’s largest statue for $4 billion. The person was claiming the ...