Fraud
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X @Balaji
Balaji· 2025-08-17 18:06
Many 20th century systems will melt down in a low-trust, high-tech environment. Fraud rates will just get out of control.We’ll need to rebuild those systems with cryptography. Digital signatures are much harder to fake than signatures.Barrett Linburg (@DallasAptGP):In Texas, someone can steal your building for $30 cashNo ID required to file the deed in personIn 2022, 2 of our buildings worth over $6M were “sold” to a Delaware LLC using a fake notarized signature.The county recording system accepted the forg ...
New Orleans mayor indicted on federal charges
NBC News· 2025-08-16 04:29
New Orleans's mayor, Latoya Cantrell, has been indicted on federal charges. A grand jury indicting her on fraud and other obstruction charges stemming from an alleged romantic relationship with a city police officer. She's accused of filing false payroll records.Canrell's office and attorney have not yet commented. ...
Singer Sean Kingston sentenced to prison in federal fraud case
NBC News· 2025-08-15 22:05
Rapper Shawn Kingston getting sentenced to three and a half years in federal prison today for wire fraud. His lawyers saying in this case was about more than just theft. It was about the fact that he was a 16year-old who rose to fame overnight and never had any guidance on finances.Never knew how much money was in his bank account. Business managers handled that and some of them didn't handle it properly. So we're here today because Sean still to this day doesn't know how much money is in his bank account a ...
X @Bloomberg
Bloomberg· 2025-08-15 02:56
Industry Focus - Japan's brokerage industry is focusing on identifying accounts used by phishing scammers [1] - The industry's aim is to prevent further fraudulent trades [1] Financial Impact - Fraudulent trades exceeding $4 billion (USD) have destabilized Japan's stock market [1]