Fake hospices were opened to tap federal funding. The Department of Justice facilitated the arrest of five California residents charged with defrauding Medicare of more than $15 million…
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Justice Department Finds Company Guilty of Selling Household Data
Millions of households were included in over 100 personal data lists sold to fraud perpetrators. The Department of Justice (DOJ) announced that two former employees of Epsilon Data…
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FTC Reports Surge in Scams Impersonating Major Companies
Consumers have been defrauded by impersonators of Microsoft, Publishers Clearing House, Amazon, Best Buy, and PayPal. The Federal Trade Commission (FTC) has finalized a new rule on government…
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FCC Proposes $6M Fine for Robocalls Spreading Fraudulent Election Info
The deepfake technology was used to mislead New Hampshire voters. The Federal Communications Commission (FCC) has proposed a fine of $6 million for illegal robocalls that used deepfake,…
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Justice Department Arrests Suspects in Cryptocurrency Money Laundering Case
Two Chinese nationals funneled $73 million through various shell companies The Department of Justice (DOJ) has unsealed an indictment charging two Chinese nationals of defrauding and laundering at…
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DOJ Charges American Brothers with Cryptocurrency Fraud
Former MIT students allegedly accessed $25 million from Ethereum transactions. Federal prosecutors arrested two brothers this past week, charging them with attempting to commit wire fraud and money…
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Opioid Producer Fined $1 Billion for Misbranding
DEA administrator says such companies have contributed to the opioid crisis. The Department of Justice announced that Endo Health Solutions, Inc. (EHSI) was ordered to pay $1.09 billion…
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FTC Reaches Final Settlement in Student Loan Debt Relief Scam
The scheme made fraudulent promises of loan forgiveness, for which the agency imposed an industry ban and asset forfeiture. The Federal Trade Commission (FTC) has reached a settlement…
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Court Allows CFPB Suits Against Student Loan Investment
Appellate court rules that investment trusts must follow consumer protection laws. The Third Circuit U.S. Court of Appeals ruled that investment trusts that purchase and hold private student…
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SEC Fines Two Investment Firms for “AI Washing”
Chair Gensler says advisors should not claim to use AI when they do not. The Securities and Exchange Commission (SEC) fined two investment companies a combined $400,000 for…
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