financial crime

Southeast Asia has been at the world’s cutting edge of this cybercrime phenomenon, with regional cyberfraud eclipsing other types of transnational crime. Infrastructure built for customs criminal Infrastructure and stablecoins being used by regional criminal syndicates. Picture this. They are making possible global scams that steal millions from potential victims...

Eugene William Austin Jr., 62, of Port Jefferson, New York, was sentenced to 18 years in prison. He led a complex, multi-year scheme that defrauded more than two dozen victims of almost $12 million. Nicky Austin was sentenced today by U.S. District Judge P. Kevin Castel.In September 2024, a federal...

A new cybercrime campaign dubbed “Elusive Comet” is gaining speed. In particular, it’s aimed at professionals working in the growing cryptocurrency space, with Zoom being the cybercriminals’ primary attack vector. The campaign has to date inflicted more than 9 billion dollars in financial damages on its victims. This case sheds...