The Financial Conduct Authority has introduced Firm Checker, a new consumer-facing verification tool designed to curb the rising scale of investment and pensions-related scams. With FCA research indicating that around 800,000 people reported losses to scams in the 12 months to May 2024, the launch represents a significant escalation in the regulator’s strategy to shield consumers from sophisticated fraud tactics. Firm Checker enables users to confirm whether a financial servi

The Justice Department has announced the seizure of tickmilleas.com , a fraudulent web domain linked to the Tai Chang scam compound in Kyaukhat, Burma. The site posed as a legitimate cryptocurrency investment platform and was used to lure victims into depositing their funds, which were then diverted through sophisticated fraud and money laundering schemes. The action forms part of the accelerating crackdown on cryptocurrency investment fraud, a threat that continues to genera

Fraud is no longer the work of lone actors exploiting isolated weaknesses. In today’s digital economy, financial crime has evolved into a...

The guilty plea of Mississippi businessman Willie De Gibbs highlights yet another major fraud operation exploiting weaknesses in Medicare oversight and the wider US health care reimbursement system. Gibbs admitted to orchestrating a $19 million scheme centred on the purchase of fraudulent doctors’ orders and the systematic billing of medically unnecessary orthotic braces through seven durable medical equipment (DME) companies. By operating through both personally owned entiti

The indictment of South Florida Congresswoman Sheila Cherfilus McCormick presents a significant financial crime case involving the alleged theft of $5 million in FEMA disaster relief funds. Prosecutors claim the congresswoman and several co defendants engaged in a multi layered scheme involving fraud, money laundering, and illegal campaign contributions, all linked to Covid 19 emergency funding. The allegations highlight the ongoing risks of financial crime within public sect

The sentencing of Travis Ford, founder and chief executive of Wolf Capital Crypto Trading LLC, underscores the persistent risks posed by high-yield cryptocurrency investment schemes and the growing determination of U S authorities to clamp down on digital-asset fraud. Ford was handed a five-year prison term on 13 November 2025 after admitting to orchestrating a Ponzi-style operation that raised 9.4 million dollars from around 2,800 investors, many of whom were lured by claims

The Financial Conduct Authority (FCA) has called on banks and payment firms to strengthen their defences against romance scam fraud after uncovering serious shortcomings in how the sector identifies and prevents this growing form of financial crime. Despite positive examples of firms intervening effectively, the regulator found repeated instances where opportunities to stop fraud were missed, leaving victims facing devastating losses. Romance fraud cost victims £106 million i

The Payment Systems Regulator (PSR) has marked the first anniversary of its Authorised Push Payment (APP) reimbursement policy by...

The Financial Conduct Authority (FCA) has secured the conviction of Daniel Pugh, 35, who has been sentenced to seven years and six months...

A Texas man who ran a fraudulent cryptocurrency investment scheme has been denied a bankruptcy discharge worth more than $12.5 million,...

A federal jury in Puerto Rico has convicted a fifth defendant for conspiracy to launder funds tied to wide-ranging fraud schemes that...

The Financial Conduct Authority (FCA) has secured the conviction of Daniel Pugh, 35, of Devon, for orchestrating a fraudulent £1.3...