fraud

An Internal Revenue Service advisory panel on Wednesday released a report recommending 18 reforms aimed at modernizing the U.S. tax system, including broader use of artificial intelligence, stronger fraud prevention and expanded digital taxpayer services. The Electronic Tax Administration Advisory...

Sen. Rand Paul (R-Ky) praised the Trump administration for its efforts to combat widespread government fraud, which he claims costs taxpayers up to $500 billion annually. Paul took to X on Tuesday to acknowledge the comments made by Treasury Secretary Scott Bessent during an April interview...

Vice President JD Vance on Tuesday defended the Trump administration's expanding anti-fraud campaign during a White House roundtable with state attorneys general and federal officials, saying government fraud hurts both taxpayers and vulnerable Americans who depend on public programs. "Everybody...

The Donald Trump administration conceded it used the wrong numbers to help launch a Medicaid fraud investigation in New York, an admission that raised fresh questions about how federal anti-waste drives are being built and sold to the public. The reversal lands as the same administration is also...

Nepal’s authorities have uncovered an alleged fraud operation centered around expeditions to Mount Everest, where foreign trekkers were targeted for bogus rescue and medical claims. Alleged Everest Insurance Scam Targets Foreign Climbers The South Asian country’s Central Investigation...

The firm owned by Ilhan Omar’s husband, Tim Mynett, has quietly altered its online presence, removing key officer details from its website. This comes as the family faces increasing scrutiny over their sudden wealth accumulation, in the midst of a welfare fraud investigation...

An elderly woman in Westlake was deceived into depositing thousands of dollars into a cryptocurrency ATM by a scammer. This occurred despite multiple warnings from both police and store employees. What Happened: A 71-year-old woman was seen at a Marathon convenience store last...

A previously convicted Ponzi schemer who had received a pardon from President Donald Trump is heading back to prison due to involvement in a new fraudulent scheme. What Happened: Eliyahu Weinstein, a resident of New Jersey, is facing a 37-year sentence for a scam that he initiated shortly after his...

Charlie Javice, a convicted startup founder, is facing allegations of billing JPMorgan Chase & Co. (NYSE:JPM) for personal expenses as part of a $74 million legal claim. What Happened: Javice, who was convicted for defrauding JPMorgan, is believed to have charged the bank for personal...

A Manhattan federal judge declared a mistrial in the high-profile cryptocurrency fraud case involving James and Anton Peraire-Bueno, who are MIT graduates. The brothers were accused of a $25 million fraud related to cryptocurrency. The trial was abruptly ended on Friday after the jury was unable to...

Despite a split decision from the appeals court and mounting pressure from the Justice Department, New York Attorney General Letitia James is persisting with an appeal in a business fraud case against President Donald Trump and his company. What Happened: The appeals court...

President Donald Trump cited remarks made by Russian President Vladimir Putin to support his claims of vote fraud in the 2020 U.S. presidential election. What Happened: In a recent interview with Fox News following his Friday summit meeting with Putin, Trump said that Putin had claimed that the...

The U.S. Department of Justice has filed a civil forfeiture complaint seeking to claim more than $225 million in cryptocurrency allegedly connected to international investment fraud schemes. The action marks the largest crypto seizure to date involving so-called "confidence scams," in which...

Alex Konanykhin, CEO of cryptocurrency company Unicoin, denounced the Securities and Exchange Commission lawsuit against his company on Wednesday, calling the allegations “blatantly false.” What Happened: In a LinkedIn post, Konanykhin expressed shock and disappointment over the...

The U.S. government is hemorrhaging hundreds of billions of dollars every year to fraud, a chunk of which is leeched by sophisticated overseas digital crime rings using stolen identities. What Happened: The Government Accountability Office estimates up to $521 billion in fraud losses annually, but...