Your winning streak has ended. Your luck has run out. Violating the law is a losing proposition.And you can bet on that. We're announcing today indictments in two major cases, both involving fraud. One involves sports betting and the other involves illegal gambling, very specifically rigged poker games.The first indictment involves six defendants who are alleged to have participated. one of the most brazen sports corruption schemes since online sports betting became widely legalized in the United States. Th ...

Individuals such as Chanty Bilips, Damon Jones, and Terry Rosier were taken into custody today. Former current NBA players and coaches. What you don't know is that this is an illegal gambling operation and sports rigging operation that spanned the course of years.The FBI led a coordinated takedown across 11 states to arrest over 30 individuals today responsible for this case, which is very much ongoing. My message to the defendants who've been rounded up today is this. Your winning streak has ended. Your lu ...

777 Partners acquired stakes in seven football clubs and got close to buying Everton. Its co-founder and finance director have now been charged with fraud — prompting questions about how sports investment really works.Read more: https://t.co/nzXeuW5aP3📷: Getty Images https://t.co/wFBUYVTxbP ...

Real Estate Market Trends - Social media reports a surplus of vacant luxury apartments in the city [1] - Some renters are resorting to fraudulent methods to obtain upscale housing [1]

Social media is spreading the word that Atlanta is flush with empty luxury units. Some people are turning to fraud to rent them. https://t.co/Lk14UsstrZ ...

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

An Hermès heir is missing $15 billion. It looks like he fell victim to the fraud of the century. https://t.co/BUOlXbySmC https://t.co/JZv61nTOG0 ...

Worldline said a review following allegations it had turned a blind eye to fraud discovered “uneven” implementation of anti-financial crime controls across the company https://t.co/CKtxkmCyPj ...

Core Insights - American financial institutions are increasingly facing challenges as criminals exploit bank accounts for large-scale money laundering, transforming them from mere targets of theft into tools for illicit activities [1][2][17] - The Financial Crimes Enforcement Network (FinCEN) reports a significant rise in suspicious activity reports (SARs) related to bank accounts and wire transfers, indicating a growing trend in financial crime [2][4][17] FinCEN Data on Suspicious Activity - SARs related to suspicious wire transfers have surged from a baseline of 22,000-30,000 monthly filings in early 2020 to over 60,000 by mid-2025, marking an 80% increase from 2020 to 2021 [5][8] - Suspicious source-of-funds SARs have more than doubled since 2020, with filings reaching a record 87,000 in June 2025, compared to an average of 30,000-45,000 per month in 2020 [8][9] - The rise in SARs identifying funnel accounts, which are used to launder money through structured deposits and rapid withdrawals, has also been notable, with filings surpassing 5,000 per month in early 2025 [9][10] Underground Market Dynamics - Online underground markets are increasingly advertising services for wire transfers, with a specific demand for "aged" bank accounts that are less likely to raise red flags [11][12] - Criminals are actively seeking tailored financial infrastructure, with vendors offering cross-border wire transfer services and promoting laundering solutions [14][16] - Evidence from underground markets shows a professionalized ecosystem where fraudsters showcase transaction histories and operational mechanics to build trust [17] Policy and Regulatory Responses - A multi-layered policy response is necessary, including expanding transparency around FinCEN data and enhancing monitoring of funnel-account behavior by financial institutions [18][19] - Cross-institutional information sharing is essential for banks to quickly identify and block suspicious transfers, while law enforcement should enhance international cooperation [18][19]

It started as any job search would. A posting on Zip Recruiter for a major bank, a LinkedIn application for a tech startup, an email from a recruiter about a top PR job. But on the other end, it's not employers, it's scammers.Job scam recruiting texts and fake job postings are on the rise, according to the Federal Trade Commission, targeting the millions of Americans hunting for work and taking advantage of a slowing job market. >> Scams are always preying on the vulnerable, right. And I think people who ar ...