SOUTHWARK—A cyber criminal who ran a website which enabled fraudsters to trick 200,000 people around the world—many of them elderly—out of £100 million has been jailed for 13 years and four months. Tejay Fletcher, 35, was the co-founder and administrator of iSpoof, a website which became a “fraud shop” for scammers who defrauded around £43 million…
JPMorgan to Pay $60 Million to Settle Precious Metals Spoofing Lawsuit
November 20, 2021
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NEW YORK—JPMorgan Chase & Co. agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S. bank of intentionally manipulating prices of precious metals futures and options. The settlement disclosed on Friday stemmed from sprawling U.S. government investigations into a form of illegal trading in precious metals and U.S. Treasury…
Australian Businesses Lose $14 Million to Cyber Scams: ACCC
The ACCC is reporting that Australian businesses have lost more than $14 million as a result of payment redirection scams, with the average losses in 2021 more than five times higher than average losses in the same period last year. The scams, also known as business email compromise scams, impersonate businesses or employees via email…
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