#financial crime
10 stories taggedfinancial crime.
Eight Years for ATM Jackpotting: What the Sentence Tells Us About Cash Machine Crime
A Venezuelan national just received what prosecutors are calling a record federal prison term for a scheme that drained ATMs of millions. Here is what happened, and why it is harder to pull off than it looks on TV.
Grandoreiro Banking Malware Is Back, Targeting Mexican Bank Customers
A banking virus first spotted in 2016 is still active, still stealing money, and now using a clever disguise to slip past security software on computers in Mexico.
Interpol's Global Payment Network Stopped a $6.6 Million Fraud Transfer. Here's How It Works.
A worldwide system linking police forces and banks in 196 countries is getting faster at freezing stolen money before criminals can move it across borders.
Synthetic Identity Fraud Is Quietly Building People Who Don't Exist
Criminals stitch real data points together with fake ones to invent 'people' banks and payroll systems will lend to, hire, and eventually be defrauded by.
How a Spanish Cybercrime Gang Stole €140 Million and Almost Got Away With It
Spanish police, working with partners across Europe and beyond, dismantled a fraud network that used fake boss emails, phony investment sites, and nearly a thousand bank accounts to steal the equivalent of $161 million from ordinary people and businesses.
Farage's £5m Crypto Gift Was Flagged to the UK's National Crime Agency Over Money-Laundering Fears
Bankers who processed the payment raised a formal suspicion report. Now the Reform UK leader faces scrutiny from two directions at once.
Seven Arrested Over Alleged Council Fraud in Shepparton as Police Probe Four-Year Scheme
Greater Shepparton City Council referred its own employees to police after internal checks flagged suspicious financial activity stretching back to 2022.
Former College Basketball Player Charged With $2.2 Million Fraud Scheme Involving Fake Identities
Kerr Kriisa, who played at Arizona, West Virginia, Kentucky, and Cincinnati, faces five counts of wire fraud after allegedly posing as his own mother and a made-up person to extract money from two victims over four years.
American Tech Is Quietly Powering the Global Scam Machine
A joint investigation by AP and FRONTLINE found that tools built by US companies are helping criminals run fraud operations at industrial scale — and most victims never see it coming.
FBI and Google Tear Down 'Outsider Enterprise' Phishing Platform Behind $1.9 Billion in Losses
Nine thousand phishing sites. Nearly four million stolen credit cards. One takedown.