The fraudsters stole $21.6 million from over 40,000 investors to fund their lavish lifestyle, which also reportedly included $100,000 spent on sex workers.
Fraud news
The US Treasury has tapped into AI machine learning to sift through data to detect and prevent billions of dollars in check fraud.
USI-Tech’s former CEO Horst Jicha was placed under home detention in New York on a $5 million bond guaranteed by his partner and children before fleeing.
A complex set of overlapping companies, individuals and alleged crimes were tackled by US federal authorities.
The drama around Mango Labs just never seems to stop. Its problems are with its own members, too.
The SEC alleged that Rimar’s executives overstated the company’s AI capabilities.