An investigation by a credentialed expert can improve the chances of recovering money from cryptocurrency crimes, but victims should be highly suspicious of firms that make grand promises and guarantees.
The fallout from the criminal fraud prosecution of Sam Bankman-Fried and the bankruptcy of FTX are discussed in a recent interview of John Powers from Hudson Intelligence with Paul Kilby of Fraud Magazine.
It is possible to recoup losses from a cryptocurrency fraud scheme — but the odds are not always favorable. Here are five steps for fraud victims to follow to maximize their chances for successful restitution.
Risks, rewards and the crush of crypto scams in decentralized finance (DeFI) are discussed in Fraud Magazine with an interview of John Powers, CFE, CTCE.
An investigation by a credentialed expert can improve the chances of recovering money from cryptocurrency crimes, but victims should be highly suspicious of firms that make grand promises and guarantees.
Investment scams have become the most commonly reported and financially destructive form of online crime, mostly due to cryptocurrency schemes, according to the FBI.
The fallout from the criminal fraud prosecution of Sam Bankman-Fried and the bankruptcy of FTX are discussed in a recent interview of John Powers from Hudson Intelligence with Paul Kilby of Fraud Magazine.
It is possible to recoup losses from a cryptocurrency fraud scheme — but the odds are not always favorable. Here are five steps for fraud victims to follow to maximize their chances for successful restitution.
Risks, rewards and the crush of crypto scams in decentralized finance (DeFI) are discussed in Fraud Magazine with an interview of John Powers, CFE, CTCE.
The global coronavirus (COVID-19) pandemic has created opportunities for fraudsters and unscrupulous criminals to take advantage of financially desperate victims and vulnerable populations.
Settlements and regulatory actions continue after two decades of systematic compliance failures in the life insurance industry, according to a recent article in The CPA Journal by John Powers, president of Hudson Intelligence.
Financial fraud is a big problem for small businesses. Small companies tend to lose almost twice as much money from each occurrence of fraud, compared to comparable incidents at medium-sized and large corporations, according to a recent study.
Red flags for potential investment fraud in Prime Bank programs include claims of risk-free returns as high as 40 percent in a short-term offering. Promoters may falsely claim the securities are backed by major banks or international finance organizations such as the World Bank or Federal Reserve.
Advance fee scams are prevalent on the internet. They are also known as “419” scams, in reference to the relevant section of the criminal code in Nigeria where many of these schemes originate. Fraudsters solicit victims by promising to share a large sum of money, in return for an up-front payment.
Fraud schemes that launder money through complex webs of corporate shells make it more difficult – but not impossible – for investigators and tax officials to trace the flow of funds. Shutting down the ‘shell game’ is essential for fraud victims seeking restitution and financial recovery.