South Korea's top court upheld on Thursday a not-guilty verdict for the chairman of Samsung Electronics Jay Y. Lee, backing two lower court rulings clearing him of accounting fraud and stock manipulation. https://www.japantimes.co.jp/business/2025/07/17/companies/south-korea-samsung-lee-fraud-case/?utm_medium=Social&utm_source=mastodon #business #companies #samsung #jayylee #southkorea #fraud

Public prosecutors on Tuesday sought a 23-year prison term for a senior member of the Philippines-based "Luffy" Japanese crime ring that allegedly masterminded a series of robbery and fraud cases across Japan. https://www.japantimes.co.jp/news/2025/07/15/japan/crime-legal/luffy-sentence-request/?utm_medium=Social&utm_source=mastodon #japan #crimelegal #philippines #japanesecourts #fraud #gangs #socialmedia

The Golden Triangle Special Economic Zone, an area in Laos meant for gambling and resort life, has become a center for money laundering and trafficking. https://www.japantimes.co.jp/news/2025/07/15/asia-pacific/crime-legal/las-vegas-laos-city-crime/?utm_medium=Social&utm_source=mastodon #asiapacific #crimelegal #cybercrime #goldentriangle #laos #southeastasia #cybersecurity #hacking #organizedcrime #smuggling #moneylaundering #fraud #china

For comparison, there were 1,677 cases of COVID-related tax fraud for the same period and 979 defense spending tax fraud cases in the same period (each with larger $$$)

#USPolitics

Scams involving police impersonation are on the rise in Japan, with losses attributed to such cases exceeding ¥30 billion in just the first five months of this year. https://www.japantimes.co.jp/news/2025/07/08/japan/crime-legal/fake-police-fraud-scam/?utm_medium=Social&utm_source=mastodon #japan #crimelegal #japanesepolice #fraud

Did you know that there's a thing called the "Automatic Billing Update" program (ABU), that enables merchants to get notified of your replacement payment card number before it even shows up in your mailbox?

https://globalnews.ca/news/9763295/little-known-credit-card-program-companies-information/

Yep, you can guess what the bad guys are doing. They're registering as a merchant and then involuntarily signing people up for nonexistent "subscriptions" ... that their support path mysteriously refuses to let you unsubscribe from:

https://malwaretips.com/blogs/vigor-vita-cbd-gummies/

But if you naively report these to your issuer as simply 'fraud', they will just ... issue you a new card. And then the "subscription" will be charged again.

Many issuer support teams seem be totally unaware of this fraud type. You have to explicitly tell them it's a subscription scam, and ask them block that merchant from using ABU to get your new card number. (That card is lost, but at least the evil merchant won't get the next one).

(I found this out the hard way, helping some elderly friends, whose cards kept getting mysteriously "compromised". When I realized that an unexpected charge happened before they had even received the new card ... I knew it wasn't just ordinary skimming or phishing.)

tl;dr When you detect unauthorized charges, ask your issuer to check for ABU and block the entire merchant. Otherwise, you'll be caught in an unending cycle of useless reissuance!

#ABU #fraud

A senior member of a crime ring that allegedly masterminded a series of robbery and fraud cases across Japan pleaded guilty at the first hearing of his trial at the Tokyo District Court on Tuesday. https://www.japantimes.co.jp/news/2025/07/02/japan/crime-legal/luffy-first-hearing/?utm_medium=Social&utm_source=mastodon #japan #crimelegal #philippines #luffy #japanesecourts #fraud #socialmedia

…Acc/to this new memo, the #DOJ is also expanding its criteria of which #crimes put individuals at risk of losing their #citizenship. That includes #NationalSecurity violations & committing acts of #fraud against individuals or against the government, like Paycheck Protection Program loan fraud or Medicaid or Medicare fraud.

#law #immigration#DueProcess#Constitution#14thAmendment

How Foreign Scammers Use U.S. Banks to Fleece Americans
—

Online scams conducted by Asian crime syndicates have reached industrial proportions, cheating victims around the world out of more than $44 billion a year. U.S. banks have been unable to stop them.
https://www.propublica.org/article/pig-butchering-scam-cybercrime-us-banks-money-laundering?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post

#News#Scam#Fraud#Banks#Crime#Cybercrime#MoneyLaundering

Tokyo police have arrested a Nepalese man and his father for allegedly pretending online to be baseball star Shohei Ohtani and swindling an elderly woman out of ¥1 million. https://www.japantimes.co.jp/news/2025/06/25/japan/crime-legal/fraudster-posing-as-ohtani-arrest/?utm_medium=Social&utm_source=mastodon #japan #crimelegal #fraud #facebook #line #japanesepolice #tokyo

The Trump Media buyback will be funded separately from the company’s #bitcoin #treasury plan, which includes $1.5B in equity & $1B in convertible notes.

#Trump indirectly owns more than 114M shares of the company through a revocable trust & is the largest shareholder.

Trump Media posted a $400.9M net loss in 2024 on just $3.6M in revenue but says it ended the year with over $775M in cash.

#law #fraud #securities#Emoluments
https://www.cnbc.com/2025/06/23/trump-media-stock.html

MUFG Bank said Monday that a former employee in his 60s has defrauded a customer out of ¥39.84 million by suggesting fictitious financial products and issuing forged deposit receipts. https://www.japantimes.co.jp/news/2025/06/23/japan/ex-mufg-worker-defraud-customer/?utm_medium=Social&utm_source=mastodon #japan #mufg #fraud