Category: Fraud / Breach
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SEC Suggests $5.3 Billion Fine For Do Kwon, Terraform Labs
Getty Federal regulators are requesting Terraform Labs and its co-founder Do Kwon be fined $5.3 billion for defrauding investors, shortly after the two parties were found liable for a multi-billion-dollar fraud. According to a court filing from April 19, the U.S. Securities and Exchange Commission requested Kwon and Terraform pay roughly $4.7 billion in disgorgement and prejudgment…
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How AI Is Supercharging Financial Fraud & Making It Harder To Spot
Illustration by Cecilia Zhang for Forbes, photos by mevans/Getty Images, Prasert Krainukul/Getty Images, Halfpoint Images/Getty Images, alacatr/Getty Images I wanted to inform you that Chase owes you a refund of $2,000. To expedite the process and ensure you receive your refund as soon as possible, please follow the instructions below: 1. Call Chase Customer Service at…
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How To Combat Payment Fraud and Negative Cash Flow
Getty Amid increasing fraud cases, is your small business secure? Managing and safeguarding a business is an ongoing process, but proven strategies can protect your business and financial health. Payment fraud poses significant risks for small businesses, often overlooked by the owners. Ignoring this threat can lead to devastating consequences, even business closure. Shockingly, the…
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