top of page
%20-%20C.png)
News & Insights
Our latest thinking on financial crime compliance, regulatory change, technology, and the forces reshaping global risk management.
Search
Bank Insider Conviction Exposes $8 Billion Medicare Fraud Laundering Network
A former US bank relationship manager has pleaded guilty to laundering more than $8 million in Medicare fraud proceeds on behalf of a transnational criminal organisation, marking a significant escalation in enforcement against insider-enabled financial crime. The plea, entered on 3 February 2026, represents the first time the Department of Justice Health Care Fraud Unit has secured a conviction against a former bank employee for conspiring to launder health care fraud proceed
OpusDatum
2 days ago2 min read
Former NFL Player Convicted in $197 Million Medicare Fraud Scheme
A federal jury in the Middle District of Florida has convicted former NFL player Joel Rufus French for his role in a sprawling healthcare fraud scheme that defrauded Medicare and the Civilian Health and Medical Program of the Department of Veterans Affairs (CHAMPVA) of nearly $200 million. The case represents one of the more egregious examples of patient exploitation seen in recent US healthcare fraud prosecutions and underscores persistent weaknesses in telemedicine, durable
OpusDatum
2 days ago3 min read
Biotech CEO Jailed for Securities Fraud & Insider Trading
A former US biotech chief executive has been sentenced to prison after misleading investors about a purported breakthrough drug and selling his own shares at inflated prices. On 26 January 2026, Nader Pourhassan, the former Chief Executive Officer of CytoDyn, received a 30 month prison sentence for securities fraud, wire fraud and insider trading, marking another high profile enforcement action against corporate executives who abuse market trust. Pourhassan, aged 62, was conv
OpusDatum
Jan 262 min read
Pandemic Pyramid Scheme Convictions Expose Scale of Community Fraud
A federal jury in Sherman, Texas has convicted LaShonda Moore and Marlon Moore of conspiracy, wire fraud and money laundering for operating a large scale illegal pyramid scheme during the COVID-19 pandemic. The convictions underscore how fraudsters exploited economic distress, digital platforms and community trust at a time of heightened vulnerability across the United States. The scheme, known as Blessings in No Time or BINT, operated between June 2020 and June 2021 and targ
OpusDatum
Jan 92 min read
CA Secures £265,523 Confiscation Order Against Collateral Fraudster Andrew Currie
The Financial Conduct Authority (FCA) has secured a £265,523.96 confiscation order against Andrew Currie, a former director linked to the collapsed peer-to-peer lending platform Collateral (UK) Ltd, marking another significant step in its efforts to strip fraudsters of illicit gains and return funds to victims. Currie was convicted in 2023 and sentenced to 2 years and 6 months’ imprisonment after defrauding investors through Collateral, a platform that raised funds from retai
OpusDatum
Jan 92 min read
FCA Launches Firm Checker to Strengthen Consumer Protection Against Scams
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
OpusDatum
Dec 10, 20252 min read
US DoJ Seizes Tai Chang Scam Compound Domain Used in Cryptocurrency Fraud
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
OpusDatum
Dec 2, 20253 min read
Inside the Fraud Supply Chain: How Criminal Networks Industrialise Financial Crime
Fraud is no longer the work of lone actors exploiting isolated weaknesses. In today’s digital economy, financial crime has evolved into a...
Elizabeth Travis
Nov 21, 20254 min read
Mississippi Businessman Admits $19M Medicare Fraud in DME Kickback Scheme
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
OpusDatum
Nov 20, 20251 min read
FEMA Fraud & Money Laundering Alleged in Indictment of Congresswoman
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
OpusDatum
Nov 19, 20252 min read
Cryptocurrency Investment Firm Founder Sentenced for $9.4 Million Ponzi Scheme
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
OpusDatum
Nov 14, 20252 min read
Banks Urged to Help Tackle Rising Romance Scams
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
OpusDatum
Oct 16, 20252 min read
bottom of page