Fraud

Treasury Secretary Scott Bessent on Friday called on banks to serve as partners in the federal government’s effort to combat payroll fraud, labor exploitation, and other financial crimes tied to undocumented workers.

The Isle of Man, which built online gambling into one of the largest pillars of its economy, is grappling with a sprawling scandal after one of its flagship licensees was linked to scam operations run from the island.

Hungary’s Integrity Authority has developed an artificial intelligence and machine-learning platform to track Hungary’s financial flows in real time as it works to trace an estimated €160 billion in public funds alleged to have been misappropriated during former Prime Minister Viktor Orbán’s 16 years in power.

Federal authorities are investigating whether former U.S. Representative George Santos engaged in insider trading by wagering on a prediction market about his own attendance at President Donald Trump’s State of the Union address in February.

The U.S. Department of Justice has reached a temporary staffing compromise that will return about 40 white-collar prosecutors, including those focused on insider trading, to the Criminal Division’s fraud section, reversing an April transfer to the Trump administration’s new fraud division.

Hungarian prosecutors and police have seized around 92 billion forints ($300 million) in funds and securities in a money laundering probe of foundations set up by the National Bank of Hungary.

The Trump administration will designate Brazil’s two largest criminal gangs as Foreign Terrorist Organizations effective this June, U.S. Secretary of State Marco Rubio said in a statement Thursday. 

A Houston-based petroleum trader raided last month by U.S. federal agents is under investigation in Mexico in connection with a suspected fuel smuggling scheme linked to the Jalisco New Generation Cartel (CJNG).

Mainstream cryptocurrency companies including Kraken, Gemini, and Cumberland DRW transferred billions of dollars in bitcoin to ATM operators that authorities have repeatedly accused of facilitating scams targeting elderly and vulnerable Americans.

The Netherlands faces a growing threat from organized crime that is silently corroding state institutions, public services, and democratic governance, according to a new threat assessment published Tuesday by the Strategic Knowledge Centre on Undermining Criminality (SKC).