Epic Games opts to pay $520 million fine to settle allegations. Epic Games, the company behind the popular video game “Fortnite”, agreed to pay the Federal Trade Commission…
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Danske Bank Will Pay $2 Billion for Fraud
The Justice Department announced the bank’s guilty plea. The U.S. Justice Department announced this week that Danske Bank, a global financial institution based in Denmark, agreed to forfeit…
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Secret Service Confirms COVID Money Stolen by Chinese Hackers
Tens of millions have been recovered in the case. The Secret Service confirmed a report this week that a China-based hacking group stole tens of millions of dollars…
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Federal Trade Commission Investigating Crypto Firms
Officials looking into allegations of deceptive conduct. The Federal Trade Commission said they have opened investigations into unspecified cryptocurrency firms over allegations of “possible misconduct.” The commission has received…
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DHS Extends Deadline for REAL ID for Travelers
The time to comply has been pushed back two years. The Department of Homeland Security announced that it is extending the deadline for traveling passengers to secure their…
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FTC Sues Vonage over Junk Fees
Commission submits court order requiring Vonage to refund $100 million. The Federal Trade Commission (FTC) has filed a court order against Vonage, alleging that they regularly use predatory…
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FCC Proposes Plan to Stop Spam Texts
Rule would require spam numbers to be blocked by network companies. The Federal Communications Commission (FCC) proposed new rules to help curb spam calls and text messages. The…
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DOJ Unseals $250 Million Pandemic Funding Fraud
“Brazen scheme” largest COVID-19 funding fraud yet uncovered. Federal prosecutors with the Department of Justice (DOJ) have indicted 47 people linked to the Minnesota nonprofit organization Feeding Our…
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FTC Advisory Group Seeks to Prevent Scams Against Older Adults
Representatives from government agencies and the private sector to collaborate. The Federal Trade Commission, along with representatives from 13 federal and state government agencies, will hold its first…
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Administration Focuses on Cryptocurrency Regulation
Federal departments implement actions to curb fraud and money laundering. Administration officials spoke last week about the publishing of reports identifying gaps in cryptocurrency regulation. The reports call…
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