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An heiress has launched a massive trust-fund lawsuit against major global banks, accusing them of playing a central role in the decades-long misappropriation of her family’s wealth.
Tanya Dick-Stock and her husband, Darrin Stock, allege that Barclays, HSBC and related trust firms unlawfully facilitated her late father’s siphoning of roughly $350 million from a trust that was supposed to benefit...
Hackers have breached the systems of a government-related entity handling sensitive personal information, putting the data of 478,188 Americans at risk.
According to a new notification filed with the Maine Attorney General’s office, the incident at Brittany N. Griffiths in Illinois happened in May of last year.
After a week of investigating, the firm determined that an external system intrusion...
A man from North Carolina has been arrested for allegedly executing a multimillion-dollar gold scheme.
Police say they intercepted a “controlled gold drop,” outside of a local Walmart, which led to a chase and the suspect – 29-year-old Florida resident Michael Francois – getting arrested, reports CBS17.
The report says authorities first started investigating a large-scale gold fraud operation...
Banking giant JPMorgan Chase is issuing a warning to Americans, saying that many of them could lose access to credit under Trump’s new proposed rate cap.
In a recent earnings call, JPMorgan Chase executive vice president and chief financial officer Jeremy Barnum says he believes Trump’s proposed plan would be dire for consumers and the economy as a whole.
“Just assume for the sake of argument...
A Massachusetts man is facing decades behind bars after stealing more than $1.3 million from the United States government using forged checks.
The Department of Justice (DOJ) says 31-year-old Leominster resident Jesse El-Ghoul has pleaded guilty to one count of theft of government funds, one count of bank fraud and four counts of money laundering for running a forged tax refund scheme....
The U.S. Securities and Exchange Commission has dismissed its civil enforcement action against Gemini Trust Company, LLC, with prejudice.
The dismissal follows a joint stipulation filed today, ending the case tied to the Gemini Earn program.
The decision comes after Gemini achieved a 100% in-kind return of crypto assets to Earn investors. It also considers state and regulatory settlements...
A financial services worker allegedly doctored documents to obtain millions of dollars worth of mortgage loans.
According to new court filings, Aquana Raffington – a former loan officer of PrimeLending, a PlainsCapital Company – allegedly doctored documents to inflate their income as a means of receiving $1.7 million in mortgage loans.
The filings show that Raffington originated multiple loans...
Two women are facing years behind bars for orchestrating a bank fraud and money laundering scheme that took advantage of the US government’s Coronavirus Aid, Relief and Economic Security Act (CARES Act).
The Justice Department says Kisha Sutton of Jersey City and Shamiese Wright of Charleston, West Virginia, have been found guilty of aiding and abetting bank fraud and aiding and abetting money...
A judge reportedly said that he will issue a preliminary injunction prohibiting the online market prediction platform Kaishi from operating in the state of Massachusetts.
Suffolk County Superior Court Judge Christopher Barry-Smith has ruled that Kaishi cannot allow state residents to use its platform for making financial bets on sporting events without a license.
Barry-Smith issued the ruling...
An elderly man from Santa Rosa, California looking to retire has reportedly lost his life savings after falling victim to a pig-butchering scam.
According to a recent report from The Star, a 70-year-old man who wishes to remain anonymous lost his life savings of $500,000 after becoming the victim of a months-long pig-butchering scam.
Pig-butchering schemes are when bad actors “fatten up” a...