June 23, 2025
Financial Assets

Internet scams hit record $16 billion in losses; $1 billoin in Florida

Cryptocurrency scams cost Americans more than $5.6B last year: FBI The FBI announced on Monday, Sept. 9, that Americans lost more than $5.6 billion in cryptocurrency scams in 2023. Straight Arrow News Floridians lost over $1 billion to online scams in 2024, with seniors being the most targeted group. Investment and cryptocurrency scams led to

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Intangible Assets

Fraudster resurfaces as part of legal dispute over surge pricing patents

A fraudster who has run scams against Australians for more than two decades has resurfaced at the centre of a dispute over patents potentially worth more than $21 billion. The patents cover a method of calculating surge pricing — the mechanism companies like Uber use to jack up fares when lots of passengers book at

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Fixed Assets

Former executive risks 40 years in prison after allegedly doling out cash bribes at hotels, airports, and in a parking lot

Ex-Vitol Group oil trader Javier Aguilar faces as much as 40 years in prison and will forfeit more than $7.1 million in two U.S. bribery cases after entering a guilty plea in federal court. Aguilar, 50, had already been convicted in Brooklyn, New York, in February of orchestrating an elaborate scheme to bribe Mexican and

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Financial Assets

US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption case

NEW YORK — Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a bribe conspiracy case that welled up from from his country’s “ tuna bond ” scandal and swept into a U.S. court. A federal jury in New York delivered the verdict. Chang was accused of accepting payoffs to put his African nation

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