Fiat crime (financing terror, money laundering, fraud, ponzi, etc.)

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How Fakes, Frauds And Scams Came With Walmart’s Digital Boom​

Sep 19, 2025 #CNBC
In its race to rival Amazon and become the next great “everything store,” Walmart leveraged its brick-and-mortar empire to grow into a major player online. And it didn’t take long for the world’s biggest retailer to build a massive digital marketplace with hundreds of millions of products and thousands of third-party sellers. But Walmart’s digital boom has a little known and much darker underside – where some sellers steal the identities of legitimate businesses so they can peddle counterfeit and sometimes dangerous products to unsuspecting customers. After CNBC shared its reporting with Walmart, the company began tightening its vetting process for both products and sellers and says it has a “zero-tolerance policy for prohibited or noncompliant products.” CNBC’s Gabrielle Fonrouge has the story.

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Musician turned 'CEO' confronted over investment fraud allegations

A Gold Coast musician approached by a man he knew from a local bar went on to front a trading company, later accused of defrauding millions from ordinary Australian investors.

www.abc.net.au

 

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Scam kingpins who ran billion-dollar criminal empire sentenced to death in China​

A court in China has sentenced 11 people to death for their roles in a billion-dollar family-run criminal empire built on online scam and gambling operations in a remote border region of Myanmar, and for the deaths of workers who tried to escape.

Eleven members and associates of the Ming crime family were sentenced to death on Monday by the Wenzhou Intermediate People’s Court in eastern China’s Zhejiang Province, according to a court statement.

The Ming family is one of the so-called “four families” of northern Myanmar — mafia-like crime syndicates accused of running hundreds of compounds dealing in internet fraud, prostitution and drug production, and whose members hold prominent positions in the local government and militia aligned with Myanmar’s ruling junta.

More:

https://www.msn.com/en-us/news/worl...o-death-in-china/ar-AA1Nzpn4?ocid=socialshare

 

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Startup founder Charlie Javice sentenced to 7 years in prison for defrauding JPMorgan Chase​

• Charlie Javice, founder of a startup acquired by JPMorgan Chase in 2021 for $175 million, was sentenced to seven years in prison Monday for defrauding the bank by overstating how many customers the fintech firm had.
• A jury found Javice and her chief growth officer Olivier Amar guilty on three counts of fraud and one count of conspiracy to commit fraud.
• Javice said she felt profound remorse for her actions and asked for forgiveness from JPMorgan, employees of the startup, shareholders and investors.

Charlie Javice, founder of a startup acquired by JPMorgan Chase in 2021 for $175 million, was sentenced to just over seven years in prison Monday for defrauding the bank by overstating how many customers the fintech firm had.

In March, a 12-person jury found Javice and her chief growth officer Olivier Amar guilty on three counts of fraud and one count of conspiracy to commit fraud. Prosecutors had sought a sentence of 12 years.

More:

https://www.cnbc.com/2025/09/29/jpmorgan-chase-frank-charlie-javice-sentencing.html

 

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The 'stupidity' of 300 investment bankers tricked by a 20-something founder is a lesson in due diligence​

• Fintech wunderkind Charlie Javice must serve seven years in prison for conning JPMorgan Chase out of $175 million.
• Some 300 bankers vetted the 2021 purchase of her startup, but it took a year to learn its 4 million users were fraudulent.
• The judge said he took that into consideration, but ultimately decided "fraud remains a fraud."

"Stupidity."

"Very poor due diligence."

"Someone who is a fool."

On Monday, a Manhattan judge used all of these terms to describe the JPMorgan Chase bankers who fell victim to a fraud perpetrated by fintech entrepreneur Charlie Javice.

Read it all:

https://www.msn.com/en-us/money/com...in-due-diligence/ar-AA1NzTha?ocid=socialshare

 

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How the British Crown Funded Pirates to Build an Empire​

Oct 3, 2025 The Financial History Files
The British Empire wasn’t built on fair trade. It was built on piracy.
In this video, The Financial Historian uncovers how Queen Elizabeth I and the English Crown turned pirates like Francis Drake and Henry Morgan into state-backed privateers, unleashing them on Spanish treasure fleets and colonial cities. Their raids captured fortunes so vast they paid off England’s debts, enriched investors, and laid the foundation of empire.
This isn’t just swashbuckling adventure. It’s economic history — theft turned into financial policy. And the lessons still matter today. Because when governments need money, they always find their pirates.


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