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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Wells Fargo customer of ‘years and years’ loses $4,000 hours after depositing check — but bank denies fraud claims, won’t return money. Here’s why​

A Houston woman paid a steep price, literally, for a simple bank deposit that she made at her local Wells Fargo branch.

Willie Delane told her local Fox 26 network that on September 15 she deposited a life insurance check totalling $10,000 into her Wells Fargo bank account.

“I've been with Wells Fargo for so long, years and years” she said in the story. This is why, when she received a text roughly nine hours later saying that there was something fishy with a transaction involving her account, she called customer service. (1)

More:

https://www.msn.com/en-us/money/per...money-here-s-why/ar-AA1OQelD?ocid=socialshare

 

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Libor - Wikipedia

en.wikipedia.org

The Biggest Financial Crime You’ve Never Heard Of​

Oct 22, 2025 The Financial History Files
For decades, the world’s biggest banks quietly manipulated the price of money itself — the interest rates that determined your mortgage, your student loan, and your country’s debt. This is the story of the LIBOR scandal — how a handful of traders at Barclays, UBS, and JPMorgan turned a global benchmark into a private casino.
The Financial Historian breaks down how the London Interbank Offered Rate (LIBOR) really worked — how it shaped $350 trillion in contracts, how it was rigged in secret chat rooms, and why the system depended on “trust” that never existed. We explain derivatives, interest rate swaps, and the hidden incentives that made small manipulations worth billions.
This isn’t just a story about greed — it’s about how the financial system rewards deception, punishes transparency, and turns trust into a tradable asset. LIBOR may have been replaced by SOFR, but the same forces still control the price of money today.
If you want to understand how global finance really works — and who profits when the system bends — this is the video you can’t afford to miss.


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Former Owner of Collapsed Nursing Home Empire Sentenced to 36 Months’ Imprisonment For $38 Million Tax Fraud Scheme

A New York man was sentenced to 36 months in prison for his role in a $38 million employment tax fraud scheme involving nursing homes he owned across the country.

www.justice.gov

The case of a felon who paid lobbyists nearly $1 million to seek a Trump pardon​

In April, Alina Habba, the U.S. attorney for New Jersey, extolled her office’s role in the sentencing of a former nursing home magnate to three years in prison for defrauding the government of $38 million. The man, Joseph Schwartz, was alleged to have overseen a “collapsed nursing home empire” and “willfully” failed to pay employment taxes, Habba’s announcement said.

Around that time, Schwartz paid $960,000 to two lobbyists “seeking a federal pardon,” according to their lobbying filing.

While many people have sought pardons from President Donald Trump, few could afford to spend such a sum to seek their freedom. The disclosure provides a rare look at how federal convicts are maneuvering to gain clemency during Trump’s second term and at some of the people offering to help them.

More:

https://www.msn.com/en-us/news/poli...k-a-trump-pardon/ar-AA1QYYYa?ocid=socialshare