Fraud | Certain Risk

A pig eating out of a bowl of physical cryptocoins.

U.S. and UK Blacklist Pig-Butchering Scammers, Seize $15 Billion in Bitcoin

U.S. and UK authorities seized roughly $15 billion in Bitcoin and multiple London properties allegedly linked to a sprawling online fraud scheme based in Cambodia.

Painting of an excited alcoholic eyeing a glass of wine

British Man Pleads Guilty in New York to $99 Million Wine Fraud

A British national pleaded guilty on Tuesday in Brooklyn federal court for his role in a fraud scheme that took nearly $100 million from victims who funded loans to fake wine collectors, Reuters said.

Gisele Bundchen speaking on a makeup panel. — “Gisele Bundchen-003 (16251945946)” by Renan Katayama, via Wikimedia Commons, licensed under CC BY-SA 2.0., edited

Brazilian Fraudsters Used Celebrity Deepfakes to Reap Millions

Police in southern Brazil have arrested four people accused of running a nationwide Instagram ad scam that used AI-generated videos and images of supermodel Gisele Bündchen and other celebrities, Reuters reported.

Painting of a pig operating a mobile phone representing the concept of pig butchering.

Money Laundering Tied to Pig-Butchering Scams is Increasingly Sophisticated, Report Finds

Pig-butchering schemes have scaled into a multibillion-dollar criminal industry, according to a new report by blockchain analytics firm Elliptic cited by CoinDesk.