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cnn.com
· 2025-12-08
Hong Kong police arrested 27 members of a sophisticated romance scam ring that used deepfake AI technology to defraud victims across Asia of more than $46 million. The well-organized gang, composed of young university graduates, posed as attractive women to lure victims into fake romantic relationships, then coerced them to invest in a bogus cryptocurrency platform, using a detailed training manual to manipulate victims' emotions and trust. The scam operated for approximately one year before police raids in August recovered over 100 cell phones, nearly $26,000 in cash, and luxury watches.
therecord.media
· 2025-12-08
Hong Kong police arrested 27 people for operating a romance scam ring that used AI-generated photos and deepfake face-swapping technology to defraud victims of $46 million across Hong Kong, mainland China, Taiwan, India, and Singapore. The syndicate operated from a headquarters in Hung Hom and recruited university graduates to create fake trading platforms and cryptocurrency investment schemes, with scammers using deepfake technology during video calls to impersonate attractive individuals and gain victims' trust. Police seized computers, phones, and approximately $25,750 in suspected proceeds.
justice.gov
· 2025-12-08
Susan Figuerido, a 73-year-old bookkeeper in Falmouth, pleaded guilty to embezzling more than $1.3 million from her flooring company employer between June 2015 and February 2023 by writing checks to herself and concealing them from the accounting system. She also failed to report the stolen funds on her federal income tax returns, resulting in a tax loss of approximately $353,000, and faces sentencing on January 15, 2025 on wire fraud and false tax return charges.
timesnownews.com
· 2025-12-08
A 29-year-old Bengaluru businessman lost Rs 14.57 lakh in a "digital arrest" scam in which fraudsters impersonated officials from the Telecom Regulatory Authority of India and CBI, falsely claiming his phone number was linked to money laundering and threatening legal consequences. The scammers pressured the victim to transfer 80% of his bank balance to a supposedly secure RBI account for "verification" after having him download Signal to record a fake video statement. The article advises victims to verify caller claims directly with organizations, avoid sharing personal information or transferring funds in response to unsolicited calls, be cautious of urgency-inducing tactics
benzinga.com
· 2025-12-08
**Summary:**
UK fitness influencer Carly Rowena lost £5,700 ($7,450) in a cryptocurrency scam after transferring assets to a fraudulent Instagram account she believed belonged to a financial expert, but which was actually controlled by a scammer who had compromised her friend's profile. Rowena advised others to avoid deals appearing "too good to be true," verify communications through trusted contacts, and keep screenshots as proof before making financial decisions. The incident reflects a broader pattern of crypto fraud, with the FBI recently dismantling a $25 million crypto fraud ring, and regulatory officials noting the cryptocurrency sector accounts for a disproportionately large share of scams despite being a small part of
ibtimes.co.uk
· 2025-12-08
Juan Velez, a 35-year-old former Citibank personal banker, was sentenced to six months in jail (with five years probation) for stealing $166,000 from a 79-year-old client with dementia over a one-year period; Velez used the stolen funds to pay off credit cards and purchase a Harley-Davidson motorcycle, which he was ordered to surrender along with making restitution. The case underscores the vulnerability of elderly individuals with cognitive decline to financial exploitation by trusted financial professionals who have access to their accounts.
justice.gov
· 2025-12-08
William Jack Berg, a 52-year-old from Waukee, Iowa, was sentenced to nine years in federal prison for defrauding approximately 17 victims over eight years by posing as a financial advisor and convincing them to invest in two companies he created and controlled (W. Holdings of Iowa and Excel Performance Management), using fabricated investment documents and statements. Berg used the victims' money for personal expenses and attempted to destroy evidence after learning of his federal indictment; he was ordered to pay over $1.6 million in restitution and serve three years of supervised release following his prison term.
justice.gov
· 2025-12-08
Christi Lee Dodd, 51, of Fishers, Indiana, was indicted on federal charges of wire fraud and forging a federal judge's signature after she allegedly created a fake bankruptcy discharge order in 2023 to fraudulently obtain a line of credit for her trucking business. Dodd forged a judge's signature on the fraudulent document by copying her legitimate 2015 Chapter 7 discharge order and falsely presenting it as proof of discharge from her 2019 Chapter 13 bankruptcy case, which had actually been dismissed without issuing a discharge. If convicted, Dodd faces up to 25 years in federal prison.
justice.gov
· 2025-12-08
Carlton Rembert, 70, was sentenced to 66 months in prison for his role in a guardianship fraud scheme that stole over $1 million from at least 120 incapacitated elderly people in Pennsylvania between 2012 and 2018. Working with his sister Gloria Byars, a court-appointed guardian, and co-conspirator Alesha Mitchell, Rembert deposited over $695,000 in fraudulent checks into shell company accounts and spent the stolen funds on personal expenses including vacations and vehicles. Rembert was ordered to pay $534,335 in restitution to victims.
phillyvoice.com
· 2025-12-08
Carlton Rembert, 70, was sentenced to 5½ years in prison for conspiring with his sister Gloria Byars to defraud at least 120 incapacitated elderly wards in eastern Pennsylvania of over $1 million between 2012 and 2018. Byars, exploiting her position as court-appointed guardian, wrote unauthorized checks to shell companies controlled by the conspirators, which Rembert then deposited and withdrew in cash for personal spending on vacations, vehicles, and luxury items. Rembert was ordered to pay $534,335 in restitution to victims and will serve five years of supervised release following his prison term.
ibtimes.co.uk
· 2025-12-08
Hong Kong police arrested 27 individuals, primarily tech and digital media graduates aged 21-34, for operating a sophisticated deepfake romance scam that defrauded victims across Asia of over $46 million. The organized criminal ring used AI-generated deepfake personas of attractive women to initiate romantic relationships with male victims in Singapore, India, Taiwan, and elsewhere, then manipulated them into investing in fake cryptocurrency platforms through a structured operation with training manuals and specialized departments. The scam operated for approximately one year before law enforcement dismantled the operation in a raid that seized over 100 cell phones, nearly $26,000 in cash, and luxury watches.
fox61.com
· 2025-12-08
Tolulope Samuel Bodunde, a 33-year-old Nigerian citizen, was sentenced to two years in prison for participating in a multi-country business email compromise scheme that defrauded multiple victims including Connecticut, Colorado, Alaska, and New York-based companies. Bodunde specifically exploited elderly women through romance scams to serve as unwitting money mules and was ordered to pay $494,939 in restitution to three victims. The criminal network, led by co-conspirator Okechuckwu Valentine Osuji, operated over several years by impersonating legitimate entities in electronic communications to trick victims into transferring money to accounts controlled by the conspirators.
freepressjournal.in
· 2025-12-08
Maharashtra Cyber Department warned citizens about deepfake scams using AI to create realistic fake videos and audio of celebrities and high-profile individuals to impersonate them and request urgent financial transfers or sensitive information. In one documented case, a 68-year-old businessman from Powai lost Rs 80,000 after receiving a fake call with an AI-cloned voice of his son, falsely claiming he was arrested by the Indian Embassy in Dubai. The alert recommends restricting social media privacy settings, avoiding unknown friend requests, and reporting suspicious communications to authorities.
digit.in
· 2025-12-08
A 29-year-old Bengaluru businessman lost Rs 14.57 lakh in a digital arrest scam in September 2024 after receiving calls from fraudsters impersonating TRAI and CBI officials who accused him of money laundering and threatened "digital arrest." The scammers pressured him to transfer nearly 80% of his bank balance to purportedly secure RBI accounts for verification over the course of a week before he filed a complaint on October 3. The article advises protecting against such scams by never sharing personal information based on unsolicited calls, verifying claims directly with official organizations, avoiding responses to urgency tactics, and reporting suspicious contact to authorities
interpol.int
· 2025-12-08
**Operation SOGA X (June-July 2024):** An international law enforcement operation involving INTERPOL and 28 countries made over 5,100 arrests and recovered USD 59 million in illicit proceeds from illegal gambling networks. The operation rescued more than 650 human trafficking victims in the Philippines who had been lured with false employment promises and forced into running cyber scams including romance scams and cryptocurrency fraud, while also dismantling major illegal betting operations in Vietnam, Thailand, and Greece that generated hundreds of millions in illegal transactions through money laundering schemes.
bitcoinist.com
· 2025-12-08
Hong Kong authorities dismantled a HK$360 million ($46.3 million) cryptocurrency romance fraud scheme operating over approximately one year, arresting 27 suspects who lured victims from Hong Kong, India, Singapore, and Malaysia into fake online relationships and cryptocurrency investment scams. Police seized over HK$200,000 in cash and luxury goods, and authorities emphasized the need for victims to verify cryptocurrency platforms and investment opportunities before participating.
odishabytes.com
· 2025-12-08
Scammers are increasingly using deepfake technology and artificial intelligence to perpetrate fraud, employing tactics including romance scams (where victims are lured into fake relationships and defrauded of millions), "digital arrest" schemes (where fraudsters impersonate law enforcement to coerce victims into extended video calls and payments), and investment scams using deepfake videos of celebrities like Virat Kohli and Ratan Tata to promote fraudulent apps. Notable victims include men across Taiwan, Singapore, and India who lost over $46 million to romance scams, and Indian textile baron SP Oswal who was defrauded of $833,000 after being
cointelegraph.com
· 2025-12-08
Hong Kong police arrested 27 people in October for operating a crypto romance investment scam that used AI deepfakes to defraud victims of $46.3 million. The scammers, mostly targeting men from mainland China, Taiwan, India, and Singapore, posed as women using deepfake technology to lure victims into fake cryptocurrency investment schemes operated from an industrial building in Hung Hom. The operation employed university graduates in digital media and overseas IT professionals to build the fraudulent platform and develop training materials for the deepfake scams.
justice.org.au
· 2025-12-08
West Australian grandmother Donna Nelson, arrested in January 2023 after being victimized by a romance scam and allegedly attempting to import drugs into Japan, began trial in November 2024 with international human rights support. Nelson has been detained in Chiba prison for 21 months awaiting trial on drug trafficking charges, allegedly having been manipulated by a scammer she believed she was meeting after 18 months of online communication. Her family and legal representatives argue she is a victim who should not be criminalized, citing concerns about her isolated confinement and lack of family contact during pre-trial detention.
mychesco.com
· 2025-12-08
Carlton Rembert, age 70, was sentenced to 66 months in prison for his role in a guardianship fraud scheme that exploited over 100 incapacitated elderly individuals between 2012 and 2018, resulting in losses exceeding $1 million. Working with court-appointed guardian Gloria Byars and accomplice Alesha Mitchell, Rembert deposited over $695,000 in stolen funds into shell company accounts and distributed the money among conspirators while disguising the thefts as medical expenses. Rembert was ordered to pay $534,335 in restitution and five years of supervised release following his conviction.
cupe.ca
· 2025-12-08
Canada's Public Pension Investment Board lost over $500 million on investments in Orpea, a major European for-profit long-term care company that collapsed amid allegations of systemic elder abuse, financial mismanagement, fraud, and embezzlement by executives (including a former CEO and CFO who were jailed). Despite holding two board seats, the CPPIB failed to prevent or address the criminal conduct affecting vulnerable residents and ultimately impacting the retirement savings of 22 million Canadian workers. The report and subsequent recommendations advocate for prohibiting pension funds from investing in for-profit long-term care and returning such facilities to public sector control.
aol.com
· 2025-12-08
The FBI operates the Internet Crime Complaint Center (IC3) website to help the public report cybercrime, receiving over 880,000 complaints in 2023 with estimated losses exceeding $12.5 billion. Seniors are particularly vulnerable to scams including investment fraud, ransomware, phishing, and tech support schemes, with nearly 60 percent of call center scam losses coming from people over 60, and Americans over 60 losing over $1.1 billion to cryptocurrency scammers alone. The FBI emphasizes prevention through awareness and due diligence rather than investigation alone, and successfully prosecuted a tech support scam ring originating from an IC3 complaint that affected over
urbanmilwaukee.com
· 2025-12-08
Lakia Jackson, a 34-year-old Milwaukee woman, was indicted in October 2024 for a $3.7 million health care fraud scheme involving We Care Services, where she allegedly offered kickbacks to recruit pregnant women and new mothers for prenatal and childcare coordination services, then submitted false claims for services never provided. Jackson also submitted claims for services allegedly provided before clients were ever enrolled or met with her agency. She faces multiple federal charges including health care fraud, kickback violations, money laundering, and aggravated identity theft, with potential sentences reaching up to 20 years in prison per count.
justice.gov
· 2025-12-08
Jose Alejandro Zuñiga Cano, a Peruvian national, was sentenced to 98 months in prison and ordered to pay nearly $700,000 in restitution for operating a call center that defrauded over 1,100 Spanish-speaking U.S. consumers, primarily recent immigrants. The scheme involved falsely promising free products, then threatening victims with arrest and immigration consequences to extort payments, and re-victimizing many through a fake restitution recovery scam. This conviction is part of a larger $15 million transnational fraud operation involving 12 defendants.
thepaypers.com
· 2025-12-08
In the first half of 2024, criminals stole £571.7 million through unauthorized and authorised fraud in the UK, a 1.5% decrease from 2023, though unauthorized fraud cases rose 19% to over 1.5 million incidents with card-not-present fraud increasing 26%. Authorised push payment (APP) fraud losses declined 11% to £213.7 million, with notable decreases in romance scams, investment scams, and impersonation fraud, and 59% of APP losses were recovered and returned to victims. Banks prevented £710.9 million in unauthorized fraud through security systems, with 98% of unauthorized fraud victims fully
livebitcoinnews.com
· 2025-12-08
Hong Kong police arrested 27 individuals operating a "pig butchering" romance scam ring that stole $46.3 million from victims across Mainland China, India, and Singapore. The scammers posed as romantic partners online and used AI deepfake technology and fake cryptocurrency investment platforms to deceive primarily male victims into transferring digital assets, which they never recovered. The operation was run from an industrial complex in Hong Kong's Hung Hom neighborhood and employed trained staff and contracted developers to execute the scheme.
forbes.com
· 2025-12-08
This article is a promotional piece about digital identity solutions for elderly care, not a scam or fraud incident. It discusses how AI-powered identity verification systems can help protect seniors from identity theft and fraud while improving access to healthcare and financial services, and highlights successful implementations of such technologies in elderly care settings.
news.sky.com
· 2025-12-08
A Thai teenager named Poom-Jai was lured to Cambodia under false employment promises and forced to work in a "fraud factory" conducting "pig butcher" romance scams, where he manipulated lonely victims into investing money in fraudulent schemes before stealing it all. Across Southeast Asia, an estimated 300,000 scammers operating in heavily guarded compounds controlled by Chinese mafia have stolen at least £34 billion worldwide, with workers often trafficked, tortured, and imprisoned when they fail to meet targets or attempt escape. Poom-Jai eventually suffered beatings with electric batons when accused of theft and attempted a desperate escape from the compound.
ici.radio-canada.ca
· 2025-12-08
Scammers are exploiting high demand for Taylor Swift's sold-out Eras Tour tickets in Canada by hacking social media accounts and posing as friends to sell fake tickets, defrauding victims of thousands of dollars each. One Toronto woman's hacked Facebook account was used to scam at least four people out of up to $1,600 each, and despite numerous reports to Facebook and police, the fraudulent account remained active. Experts recommend verifying seller identity by contacting the person directly, as police note recovered funds are rare due to the volume of fraud reports.
coosavalleynews.com
· 2025-12-08
Tessa Cheyanne Hughes, 29, of Lindale was arrested for repeatedly using an elder disabled man's bank card without permission between August 1-9. She faces charges of financial transaction card fraud, exploitation of an elderly/disabled person, and probation violation for the unauthorized transactions made for personal gain.
atlantablackstar.com
· 2025-12-08
An 81-year-old Washington grandmother lost $109,000 to a phone scammer who impersonated a Social Security Administration agent and used a fake Supreme Court document to create urgency about bank fraud. The victim transferred funds to shell companies (Yongri Trading Inc. and Shengya WS Inc.) and mailed $15,000 in cash based on the scammer's instructions, while her bank stated it followed proper protocols during the fraudulent transactions.
yahoo.com
· 2025-12-08
"Blessing scams" targeting elderly Asian women are rising globally, particularly in Chinese communities across the UK, US, Australia, and Canada. The scam involves groups of women using scripted Cantonese conversations to convince victims that spiritual blessings can save their family members, then persuading them to surrender valuables in exchange for fake "blessed" items. Victims have lost life savings and possessions, while police investigations in major cities have resulted in few arrests despite multiple reports.
sbs.com.au
· 2025-12-08
Bank impersonation scams, where criminals pose as bank representatives via phone, email, or message to solicit personal information or funds, are rising across Australia and caused $11 million in losses between January and September 2023, with over-55s accounting for 56 percent of impersonation scam losses. To protect yourself, independently verify any banking communication by contacting your bank directly using details from official statements or websites, and remember that legitimate banks never request passwords, security codes, PINs, or ask customers to transfer money for safekeeping over the phone.
foxnews.com
· 2025-12-08
Americans lost $5.6 billion to cryptocurrency scams in 2023, a 45% increase from 2022, with over 69,000 complaints filed to the FBI's Internet Crime Complaint Center. People aged 60 and older were disproportionately affected, reporting over $1.6 billion in losses across 16,806 complaints, primarily through investment fraud schemes and relationship-building scams that use fake websites and recovery schemes. Common tactics include scammers promising unrealistic returns via unsolicited contact, building trust through dating apps and social media before pushing crypto investment, and impersonating recovery specialists to steal additional funds from victims.
rollingout.com
· 2025-12-08
An 81-year-old grandmother from Washington D.C. lost her entire life savings of $109,000 to a phone scammer posing as a Social Security Administration agent who convinced her that her personal information had been compromised and instructed her to transfer funds to secure her accounts. Despite red flags including grammatical errors in a fake Supreme Court certificate and the scammer's requests for unusual payment methods, Baxley made multiple transfers totaling $109,000 before her son discovered the fraud. This case reflects a broader trend in which scams targeting seniors aged 60 and older resulted in over $3.4 billion in losses last year, with experts advising that legitimate government agencies communicate
states.aarp.org
· 2025-12-08
AARP Louisiana hosted an "Unmasking Fraud" educational event with nearly 150 attendees to equip older adults with knowledge to recognize and prevent scams, featuring expert speaker Paul Greenwood, a stakeholder roundtable, and resource fair. The Louisiana Attorney General's Office received the inaugural Fraud Fighter of the Year Award for its fraud-prevention efforts, and the event was broadcast on AARP Louisiana's Facebook, YouTube, and The Advocate's platforms to reach wider audiences. The event aims to inform future legislative solutions and strengthen Louisiana's protections against the fastest-growing threat to the state's aging population.
thestar.com.my
· 2025-12-08
Truong My Lan was sentenced to life in prison for masterminding Vietnam's biggest-ever scam, a US$27 billion fraud at Saigon Commercial Bank that defrauded approximately 36,000 people and equaled about 6% of Vietnam's 2023 GDP. Victims including diapers seller Nguyen Thi Huong (who lost US$20,000) and fish sauce seller Hoang Thi Cuc (who lost US$140,000) have expressed deep anger and lost trust in authorities, as the court ordered compensation with no details on payment timeline or implementation.
ironmountaindailynews.com
· 2025-12-08
Computer scams continue to evolve with increasing sophistication, affecting even experienced and intelligent computer users. This educational piece outlines eight prevalent scam types: imposter/impersonation scams, pig butchering scams (fake investment schemes), romance scams, payment app scams, online shopping scams, delivery scams, lottery scams, charity scams, and robocalls—each employing psychological tactics like creating false urgency, building trust, or exploiting guilt to manipulate victims into surrendering money or personal information. The article advises readers to remain vigilant and informed about these tactics regardless of their computer experience level.
thehindu.com
· 2025-12-08
**Summary:**
Former Chief Minister V. Narayanasamy criticized the Puducherry government, citing recent arrests and CBI investigations into corruption cases involving government officials and employees, including a data entry operator found to possess approximately ₹106 crore in assets. He alleged that ruling party members have acted with impunity, pointing to temple land encroachments and cases of officials acquiring disproportionate assets as evidence of systemic corruption that the current administration has failed to address.
azcentral.com
· 2025-12-08
Americans lost an estimated $12.5 billion to online scams in the past year, with artificial intelligence-generated "deepfake" videos making investment frauds increasingly difficult to detect—the FBI estimates 39% of victims fell for deepfake-based schemes involving fabricated videos of business leaders, celebrities, or romantic interests. Scammers exploit AI to duplicate voices, crack passwords, and process large volumes of data, while most stolen money goes unrecovered, particularly when criminals demand payment in cryptocurrency and operate from overseas. Common defenses include using strong passwords, enabling two-factor authentication, and scrutinizing videos for unnatural movements, inconsistent lighting, and mismatched lip movements
thesun.co.uk
· 2025-12-08
Megan Clarke, 20, fell victim to a romance scam perpetrated by a man claiming to be "Lord Bertie Underwood," whom she met in 2017 and became engaged to within six months. Upon discovering his true identity through online research approximately one year into the relationship, she learned he was a serial fraudster using multiple aliases with a criminal history, and that he had secretly opened credit cards and loans in her name, leaving her £30,000 in debt before fleeing. Though Megan reported the incident to police and Action Fraud, authorities were unable to recover her losses.
wboc.com
· 2025-12-08
Worcester County Sheriff's Office warns of an active phone scam in which callers impersonate law enforcement officers, using real deputies' names and demanding payment for missed jury duty or arrest warrants. The sheriff's office emphasizes that legitimate law enforcement and government agencies never demand payment over the phone, and advises victims to hang up immediately and avoid sharing personal information or making payments.
etvbharat.com
· 2025-12-08
A Gwalior businessman was defrauded of Rs 49 lakhs between July 2023 and February 2024 by international scammers posing as representatives of a UK-based pharmaceutical company, who lured him with promises of 20% commissions for exporting raw materials from Telangana. Police arrested a Tanzanian national and a woman from Meerut operating from Delhi in connection with the scheme, which involved 15 different bank accounts and has allegedly victimized multiple businessmen across India.
onmanorama.com
· 2025-12-08
**Digital Arrests Scam in India**
Scammers in India are conducting "digital arrest" fraud, impersonating law enforcement officers via video calls to falsely accuse victims of crimes and extort money while confining them to their homes. High-profile victims include Malayalam actor Maala Parvathi (who avoided loss) and former church leader Dr. Geevarghese Mor Coorilos (who lost Rs 15 lakh), while an atomic energy institute employee was defrauded of Rs 71.33 lakh; Kerala Police advise victims to use common sense, noting that India has no law permitting arrests over phone or
news.trendmicro.com
· 2025-12-08
Cybercriminals are conducting multiple scams this week involving deceptive texts and emails impersonating FasTrak, Apple, U.S. and Canadian customs services, and NY Toll Services to steal personal and financial data. These scams use urgent messaging and malicious links to harvest credentials and information, which scammers then use for identity theft, financial fraud, or sell on the dark web. To protect yourself, remain skeptical of unexpected communications, avoid clicking unfamiliar links, verify sources directly with institutions, and use security tools like Trend Micro ScamCheck.
pentictonherald.ca
· 2025-12-08
The Palmyra Women's Institute is hosting a scam prevention education session featuring Chatham-Kent Police Special Constable Brenda Koldyk to address rising fraud losses in the community, including grandparent scams, romance scams (one victim lost $250,000), and various other schemes targeting seniors and vulnerable individuals. The November 7 session will cover warning signs, prevention strategies, and common scam types such as tax fraud, home renovation fraud, and impersonation scams, with Koldyk advising victims to verify requests with family members before sending money or gift cards.
metro.co.uk
· 2025-12-08
Megan Clarke discovered that her fiancé of 18 months, who presented himself as aristocratic watch-seller "Lord Bertie Underwood," was actually serial con artist Robert Madejski using a fabricated identity, fake accent, and false backstory to manipulate her into an engagement. After finding mail addressed to other names and conducting online searches, she uncovered his previous fraud convictions and learned that virtually everything about their relationship—including her Cartier ring—was fraudulent, prompting him to disappear before their planned wedding. The case exemplifies the growing prevalence of romance scams in the UK, where Citizens Advice found nine million people fell victim to scams in the
coinmarketcap.com
· 2025-12-08
Hong Kong police dismantled a sophisticated cryptocurrency investment scam network on October 9, detailing 27 suspects (aged 21-34) who used AI-generated deepfakes and fake online personas to defraud victims of approximately $46 million through romance schemes. The operation, discovered in a 4,000-square-foot facility in Hung Hom, employed university graduates as technical experts and featured detailed training manuals in multiple languages to manipulate victims into fraudulent crypto investments, with suspects linked to China, Taiwan, India, and Singapore.
kffhealthnews.org
· 2025-12-08
The Veterans Affairs Department is investigating Acadia Healthcare, a major psychiatric hospital chain, for allegedly defrauding government insurance programs by keeping patients hospitalized longer than medically necessary to increase profits from Medicare and Medicaid. The investigation follows similar inquiries from federal prosecutors in Manhattan, a Missouri grand jury, and anticipated scrutiny from the SEC and other agencies.
aba.com
· 2025-12-08
The American Bankers Association Foundation announced seven 2024 Community Commitment Award winners, recognizing banks for exceptional corporate social responsibility programs across categories including affordable housing, financial education, and protecting older Americans. American Riviera Bank in Santa Barbara won in the "Protecting Older Americans" category for its Fraud and Financial Exploitation Prevention program, which trains frontline staff and collaborates with law enforcement to prevent elder financial abuse while providing online educational resources.