financial fraud News

Trump Administration Forms Financial Frauds Task Force

In forming a new task force to protect consumers from fraud, the Trump administration made clear that one of the greatest threats to the public is just emerging: red-hot markets for crypto coins. The inclusion of virtual tokens — along …

Massachusetts Launches Online Portal for Data Breach Reports

Massachusetts Attorney General Maura Healey has unveiled a new online portal to let businesses and organizations report data breaches. The Democrat said the online portal should make it easier to alert her office to the potential theft of information. Since …

Man Pleads Guilty to Stealing $1.4M from Pennsylvania Employer

A man federal prosecutors say was victimized in an overseas, online romance scam has pleaded guilty to wire fraud for stealing more than $1.4 million from two Pittsburgh, Penn., area companies whose funds he controlled, according to officials. Jeffery Plimpton, …

Justice Department Wielding FIRREA in Financial Fraud Cases

The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation’s largest banks over conduct that fueled the financial crisis. To convince a jury that Bank of America engaged …