Tag: fraud_schemes
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SEC Charges Entities in $15 Million Investment Confidence Scams Run via WhatsApp
The SEC charged multiple entities, likely run by individuals overseas, over investment confidence scams that defrauded hundreds of retail investors, including many in the U.S., of at least $15 million.
BusinessLaw EnforcementUSAFinancial MarketsLegalComputers and Internet SECSecurities and Exchange Commissioninvestment confidence scamsWhatsAppfraud schemesretail investorsSecurities fraud
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FinCEN Alerts Financial Institutions to Federal Student Aid Fraud Schemes
FinCEN has issued an alert to financial institutions, urging them to detect, prevent, and report fraud schemes targeting federal student aid programs. This action aims to protect government-administered student assistance from illicit exploitation.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegalEducationFinancial Markets Financial Crimes Enforcement NetworkFederal Student AidFraud SchemesFinancial InstitutionsSuspicious ActivityU.S. Department of the TreasuryStudent Aid Programs
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FinCEN Alerts Financial Institutions to Federal Student Aid Fraud Schemes
FinCEN has issued an alert to financial institutions regarding widespread fraud targeting federal student aid. The alert details schemes involving 'ghost students' and 'straw students' and urges vigilance to detect and report suspicious activity.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyEducationLegalArtificial Intelligence FinCENFederal Student AidFraud SchemesFinancial CrimeGovernment Benefits FraudU.S. TreasuryScott BessentUS Treasury