Fraud

Once celebrated as a philanthropist and real estate magnate, Cambodian tycoon Chen Zhi built a web of political influence and banking relationships that helped shield what authorities now describe as a vast transnational scam and gambling syndicate.

Gaps in the international oversight of offshore virtual-asset firms have made it possible for criminals to commit large-scale fraud, money laundering, and terrorism financing beyond the reach of most supervisory bodies, according to FATF.

The Justice Department released its first department-wide corporate enforcement policy for criminal matters, establishing a uniform framework for how prosecutors handle corporate cases across the department, except antitrust matters. 

Signs of hospice fraud in Los Angeles County are worsening despite a state crackdown, with more than 700 of roughly 1,800 licensed hospices in the county showing multiple warning indicators identified by California auditors.

Cambodia’s crackdown on cyber scam compounds has disrupted operations in Phnom Penh and elsewhere, but the multibillion-dollar industry is already showing signs of revival.

The U.S. Justice Department is poised to resolve its long-running criminal case against Turkey’s state-owned Halkbank through a deferred prosecution agreement (DPA).

The UK on Monday unveiled a new three-year anti-fraud strategy, pledging more than £250 million between 2026 and 2029 to fight the crime, including through steps to disrupt online scams with a new data-sharing platform. 

The U.S. Securities and Exchange Commission (SEC) is dropping its civil-fraud case against crypto billionaire and World Liberty Financial investor Justin Sun.

The head of the body representing most police officers in England and Wales has been arrested on suspicion of fraud by abuse of position, weeks after he publicly called for stronger protections for whistleblowers.

Malaysia’s troubled anti-graft agency is probing a $280-million deal between the Malaysian government and British chip giant Arm Holdings, Agence France-Presse reported.