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Payments Company Owner Gets Jail Time For Debit Fraud

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Gareth David Long, a 41-year-old Las Vegas resident, was sentenced to 70 months in prison for fraud for stealing money from victims’ accounts, the Department of Justice said in a press release. Long pled guilty in November of 2019 to a scheme where he committed wire fraud and aggravated identity theft.

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Prosecutors Charge OneCoin Leaders With Fraud In Pyramid Scheme

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United States prosecutors are bringing criminal charges against the leaders of OneCoin, a cryptocurrency, alleging they were operating a pyramid scheme worth in the multi-billions, when selling the currency. Ignatov is from Bulgaria and was charged with wire fraud conspiracy. The scheme amounts to fraud, prosecutors say.

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How US Mobile Leverages Digital Identity To Protect Against SIM Swap Fraud

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Such security methods can be critical to preventing fraud that targets mobile users, of which one of the most prevalent types is SIM swap fraud. Preventing SIM swap fraud requires vigilance and ironclad authentication methods to ensure that users who are asking to transfer their phone numbers are legitimate rather than scammers.

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Tech, Global Network Of Merchants Can Combat Ecommerce Fraud

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Emailage, the email risk assessment company, has found that during 2016 $1 billion in fraud was stopped by using technology and a syndicated network of global merchants. We compare the email address to a digital passport, because it’s the true global identifier used by merchants, cloud services and even operating systems.”.

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Kyriba Payments Network Tackles CFO Mandate

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Global cloud treasury and finance firm Kyriba has introduced the Kyriba Payments Network to deal with the developing chief financial officer (CFO) mandate to streamline payments and fight payments fraud, the company said in a press release on Wednesday (Feb.

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Justice Department Announces Three Dozen Indictments In $530M Cyber ID Crime Spree

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“Today’s indictment and arrests mark one of the largest cyber fraud enterprise prosecutions ever undertaken by the Department of Justice,” acting assistant attorney general John Cronan said. In similar news published by ZDNet.com , the group has been charged with nine counts ranging from conspiracy to racketeer to computer crimes.

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MGM Resorts Admits To 2019 Hack

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MGM Resorts International, a hotel and casino operator, admitted it had experienced a data breach following a report saying information on 10.6 MGM Resorts has been at the forefront of digital operations, especially when it comes to eSports. million guests was compromised, according to a report by Reuters. .

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