"Fake It 'Til You Make It" Socialite On Trial for Grand Larceny and Theft of Services

"Fake It 'Til You Make It" Socialite On Trial for Grand Larceny and Theft of Services

Last month, the New York State trial against Anna Sorokin, the 28-year-old wannabe socialite who fooled Manhattan’s elite into believing she was the heiress of German billionaires, officially began. Known among other fixtures of New York City’s social scene by her fake name, Anna Delvey, Sorokin faces charges of theft of services and grand larceny after her 10-month stint staying in luxury hotels, jetsetting to high-end vacations, and racking up a nearly $275,000 debt while emulating the lifestyles of the rich and famous.

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A New Threat That Preys on Parents' Fears

 A New Threat That Preys on Parents' Fears

A new type of scam preys on parents’ protective nature toward their children in order to coax them into wiring high ransoms. To do this, scammers make a phone call claiming they’ve taken a victim’s child, and they threaten to harm the child unless parents pay ransoms ranging from $5,000 to $6,000. In each reported case so far, there was actually no abduction. The child was discovered to be safe, often just at school or out with friends, but usually only after the parent had already paid the ransom.

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Brilliance v. Ethics – Which One Wins?

Brilliance v. Ethics – Which One Wins?

A federal judge asked Donald Watkins, Sr. to step away from the jury box as Watkins, Sr. made an impassioned plea in his closing argument. Watkins, Sr. was in the personal space of front-row jurors, who were clearly agitated and restless as they leaned, twisted back and forth and from side to side to move away from the attorney. Watkins, Sr. was pointing his finger at the jurors and leaning directly into them.

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Beyond Bitcoin: The Utility of Blockchain Technology

Beyond Bitcoin: The Utility of Blockchain Technology

One of the most exciting technological innovations to emerge from the development of cryptocurrencies is blockchain — or distributed ledger — technology. Blockchain is essentially a decentralized ledger or database maintained across a network of computers. Anyone with access to the network can view the database, which is updated across all connected devices, rather than being maintained at a central location.

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2018 World Cup in Russia Could Spur Next Wave of Financial Fraud Attacks

2018 World Cup in Russia Could Spur Next Wave of Financial Fraud Attacks

In less than a month’s time, the biggest global extravaganza will kick off in Russia. Thirty-two national teams will fight for the top spot in the 2018 Football World Cup. FIFA estimates that more than $5.7 billion in revenue will be generated from the showpiece event, and that more than a million tourists are expected to travel to Russia. This event will indeed be a good time for more than 3.2 billion fans worldwide, but it will also be a potentially lucrative time for fraudsters.

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