News and analysis on the global fight against fraud
In January 2024, the Association of Certified Fraud Examiners (ACFE) will launch a bimonthly newsletter we have aptly named after you, The Fraud Examiner. This exclusive resource marks a consolidation of our three existing newsletters into a unified, comprehensive source of knowledge and insights aimed at empowering you in the fight against fraud.
Read MoreThe head trader of EmpiresX, a global cryptocurrency platform headquartered in Florida, pleaded guilty on September 8 in an alleged investment fraud that raised around $100 million for the company, according to the U.S. Justice Department. Joshua David Nicholas, 28, admitted to the securities fraud in which he and others at EmpiresX falsely claimed their business’ trading bot, which utilized artificial and human intelligence, mitigated risk and increased the chances of profitability on an investment.
Read MoreThroughout the pandemic, as more people found themselves quarantined at home and with more time on their hands, many animal lovers turned toward the joys of new dog ownership. However, scammers quickly realized the opportunities to defraud these hopeful pet adopters and worked out a variety of ways to cheat unsuspecting customers out of hundreds of dollars.
Read MoreThe Racketeer Influenced and Corrupt Organizations (RICO) Act was passed by Congress and signed into law by President Nixon 50 years ago, in 1970. Originally, the act was designed to combat organized crime, but the law’s application has expanded to include any group profiting from illegal activity. Probate fraud cases, in particular, can be harrowing because fraudsters take advantage of people in vulnerable emotional states. In these three cases, you will see how bad actors can manipulate the legal system to perpetuate their fraud schemes.
Read MoreCBS News recently reported the results of an investigation into a large-scale, wide-reaching Medicare fraud scam that has been affecting dozens of people across the United States. The story illustrates the struggles faced by senior citizens who were targeted primarily by a company called Genexe Health, which claims to be a genetic testing “one-stop shop.”
Read MoreNews and analysis on the global fight against fraud.
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