Fraud |

British Man Pleads Guilty in New York to $99 Million Wine Fraud

A British national pleaded guilty on Tuesday in Brooklyn federal court for his role in a fraud scheme that took nearly $100 million from victims who funded loans to fake wine collectors, Reuters said.
photo credit “Gisele Bundchen-003 (16251945946)” by Renan Katayama, via Wikimedia Commons, licensed under CC BY-SA 2.0., edited

Brazilian Fraudsters Used Celebrity Deepfakes to Reap Millions

Police in southern Brazil have arrested four people accused of running a nationwide Instagram ad scam that used AI-generated videos and images of supermodel Gisele Bündchen and other celebrities, Reuters reported.
Ex–Nodus Chair Pleads Guilty to $13.6 Million Fraud Linked to Bank Collapse

The former chairman of the board at Puerto Rico–based Nodus International Bank, pleaded guilty to conspiracy to commit wire fraud for his role in a $13.6-million scheme that contributed to the institution’s 2023 collapse.