In a bizarre case of cyber fraud, an AI-generated girlfriend scams Chinese man out of nearly £22,000 after he was tricked into believing he was in a real relationship. The victim, identified as Mr. Liu, was led to believe that he was romantically involved with a woman named Ms. Jiao, who sent him messages, photos, […]
Sam Bankman-Fried, the once-celebrated co-founder and former CEO of the crypto exchange FTX, faced the gavel’s decisive strike as Judge Lewis Kaplan of the Southern District of New York sentenced him to 25 years in prison. The consequential ruling marked the culmination of a high-profile trial, wherein Bankman-Fried stood accused of orchestrating a web of […]
Sam Bankman-Fried, the once-prominent figure known as the “Crypto King” for his role in the cryptocurrency industry, has been convicted on all seven criminal fraud counts in a trial that concluded after just four hours of jury deliberation. This verdict marks a downfall for the 31-year-old former billionaire, who was the public face of the […]
Tech giant, Amazon has reportedly closed down more than 13,000 Pakistani seller accounts due to allegations of committing fraud. Small business owners opting to become Amazon Sellers is a trend that has been on a constant rise over the past few years due to government support under Pakistan Post’s different offerings to promote the cottage […]
Michael Kail, the former executive of the famous streaming service, Netflix, has been convicted of money laundering, as well as wire and mail scam. Kail was Netflix’s vice president of information technology operations from 2011-14, he was accused of accepting bribes and payoffs from people conducting business with the video streaming company. Netflix sued Kail […]
In a recent interview, conducted by 24 NEWS Rafay Baloch highlighted the most frequently occurring online scams and frauds. Hacking Facebook and WhatsApp Accounts First, he discussed the case, where hackers hack into accounts of Facebook and WhatsApp and compromise the identity of the user. Then they ask people closely associated with the person on social […]
Another outrageous crime has been reported, a man in Lahore defrauded two foreigners to the tune of Rs14.7 million under the disguise of an investment. The fraud was a crypto scheme, as the scammer had managed to steal 6,300 euros and 1.86 Bitcoin. Read more: PTCL join hands with Huawei to launch smart cloud campus solution for […]