Fraud

Explore detailed reports and investigative exposés on fraudulent schemes, financial scams, and deceptive practices. From corporate fraud to individual scams, this section uncovers the truth behind manipulative tactics used to exploit individuals and organizations. Stay informed with insights from trusted sources, exposing fraudsters and their operations worldwide.

Fraud

Dec 20, 2022Sep 24, 2024

Traders Are Sneaking Banned Russian and Belarusian Wood Into the EU By Pretending It’s From Central Asia

Not long after imposing sanctions on wood imports from Russia and Belarus, Europe saw an influx of wood supposedly coming from Kazakhstan and Kyrgyzstan. Authorities say sanctions-busters are increasingly mislabeling wood as Central Asian so they can keep bringing it in to the EU.

Anna Cooper

Fraud

Nov 28, 2022Sep 24, 2024

Eastern Europe’s Biggest Wood Processor Demanded Free Timber From Suppliers For Years

For more than a decade, HS Timber Group required its Romanian timber suppliers to deliver extra wood for free without recording it, netting the Austrian company an estimated $34 million of unofficial timber.

Anna Cooper

Fraud

Nov 15, 2022Sep 24, 2024

Cross-Border Cybercrime Raid Nabs Scam Call Centers Exposed By OCCRP

European authorities this month launched a coordinated action against hundreds of suspects accused of running a massive investment fraud network that was exposed by OCCRP in a 2020 investigation, Eurojust and Europol announced.

Anna Cooper

Fraud

Oct 25, 2022Sep 24, 2024

Credit Suisse to Pay $234M to Settle French Tax Fraud Probe

Credit Suisse agreed to pay France 238 million euro (US$234 million) to settle a criminal probe accusing the bank of facilitating tax fraud and money laundering. The deal brings an end to the latest blow to the Swiss bank’s legal woes.

Anna Cooper

Fraud

Oct 19, 2022Sep 24, 2024

Interpol Arrests 75 Suspected Cyber Criminals

An Interpol-led operation involving 14 countries across the world netted 75 individuals believed to be linked to a Nigerian cybercriminal group that stole millions from its victims, according to a statement released Friday.

Anna Cooper

Fraud

Oct 14, 2022Sep 25, 2024

Bittrex Pays Over $50M to Resolve US Enforcement Claims

A U.S. private virtual currency exchange agreed on Tuesday to pay more than US$50 million to settle U.S. accusations of having breached several sanction programs, violating anti-money laundering regulations (AML) and suspicious activity reporting requirements.

Anna Cooper