According to Bloomberg, Faruk Fatih Ozer, founder and former CEO of the defunct Turkish cryptocurrency exchange Thodex, has been found dead in his prison cell. Authorities are investigating the possibility of suicide. Ozer was sentenced to 11,196 years in prison in 2023 for fraud and other crimes. Thodex was founded in 2017 and collapsed in 2021, after which Ozer fled to Albania before being extradited back to Turkey. https://t.co/XcxK2Ftfyh ...

A group of First Brands lenders have accused the auto parts supplier of “widespread fraud” and are seeking to end part of the auto parts supplier’s bankruptcy https://t.co/jmZwgmfdlC ...

Cambodia’s Prince Group leader Chen Zhi had over SGD 150 million in assets frozen in Singapore following accusations of running a global telecom fraud network on October 30. Authorities seized properties, bank accounts, cash, a yacht, and cars. The U.S. DOJ previously confiscated about $15 billion in Bitcoin linked to him and, with the UK, charged him as a key fraud figure. https://t.co/vjmHlHYp8O ...

Key Achievements - T3 Financial Crime Unit (T3 FCU) has frozen over $300 million in criminal crypto assets globally since 2024 [1] - T3 FCU is a collaboration between Tether, TRON, and TRM Labs [1] Operational Focus - The unit combats money laundering, fraud, and other crimes [1] - T3 FCU showcases effective public-private cooperation in blockchain security [1] Geographic Scope - T3 FCU is working with law enforcement across multiple countries [1]

H-1B Visa Program Concerns - Thousands of senior H-1B engineers are being approved at Level I wages, indicating potential wage fraud [1] - The Department of Labor (DOL) is allegedly blindly approving Labor Condition Applications (LCAs), contributing to widespread fraud within the H-1B program [1] - The H-1B LCA approval rate is reportedly 99.09%, raising concerns about insufficient scrutiny [1] Call for Action - There is a call to shut down and reform the LCA division at the USDOL to address the alleged fraud [1]

A former hedge fund manager pleaded not guilty to charges that he defrauded Harvard Business School classmates and other associates of more than $4 million https://t.co/IdVHF7ulmI ...

Exclusive: BlackRock’s private-credit investing arm and other lenders are trying to recover hundreds of millions of dollars after falling victim to what they called a “breathtaking” fraud https://t.co/xJwJvA0DUq ...

Political Landscape - The trial of Prime Minister Benjamin Netanyahu on bribery, fraud, and breach of trust charges has significantly impacted Israel [1]

With fake paystubs and hidden credit histories, renters are conning their way into luxury apartments https://t.co/lBFtUqzUUv ...

HSBC, one of your heavy volume stock movers this morning due to set aside $1.1% billion to cover litigation by investors who lost money in Bernie Madoff's fraud in a case which dates all the way back to 2009. Talk about a throwback. Shares down about 1%.We'll call it all over the stories. Bloomberg, Tom Metcalf, who leads our media, finance and investing coverage. Can you just walk us through the details of this.We haven't heard Bernie Madoff's name in a while. Yeah, exactly. So, you know, sort of throwback ...