Hacker News with Generative AI: Fraud

Google used AI to suspend over 39M ad accounts suspected of fraud (techcrunch.com)
Google on Wednesday said it suspended 39.2 million advertiser accounts on its platform in 2024 — more than triple the number from the previous year — in its latest crackdown on ad fraud.

Google, Advertising, Fraud, AI

13 points by bentobean 16 hours ago | 6 comments

CEO Explains How He Faked Results in $300M Meltdown (bloomberg.com)
Agritech venture eFishery was one of Asia’s brightest startups with money from the likes of SoftBank and Temasek. Then it all came crashing down.

Business, Startups, Fraud, Asia, Investments

16 points by bocahrokok 2 days ago | 3 comments

Fintech founder charged with fraud; AI app found to be humans in the Philippines (techcrunch.com)
Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding investors on Wednesday, according to a press release from the U.S. Department of Justice.

Fintech, Artificial Intelligence, Fraud, Philippines

496 points by noleary 6 days ago | 230 comments

Fake job seekers are flooding US companies that are hiring for remote positions (cnbc.com)

Remote Work, Job Market, Cybersecurity, Fraud

182 points by arizen 8 days ago | 247 comments

Social Security Website Crashes Blamed on Doge Software Update (gizmodo.com)
Elon Musk’s war on fraud and abuse has impacted the Social Security Administration’s ability to distribute payments, according to a new report.

Social Security, Software, Elon Musk, Government, Fraud

22 points by molybdenum_plus 9 days ago | 4 comments

IRS to overhaul its tech after finding $21.1B in fraud in just two years (fortune.com)
The IRS’ crime fighting arm—IRS Criminal Investigation—is announcing a new program intended to improve how it interacts with financial institutions.

Government, Fraud, Technology

13 points by bentobean 18 days ago | 0 comments

Commuting More Fraudsters (nytimes.com)
President Trump on Friday commuted the sentence of Carlos Watson, a co-founder of the now-defunct digital media company Ozy Media, on the day he was set to surrender to prison, three people familiar with the matter said.

Politics, Fraud, Media

11 points by pmags 19 days ago | 1 comments

Charlie Javice convicted of defrauding JPMorgan in $175M startup sale (apnews.com)
Charlie Javice, the charismatic founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid, was convicted Friday of defrauding one of the world’s largest banks, JPMorgan Chase, out of $175 million by exaggerating her customer base tenfold.

Startup, Fraud, Finance, Law, Business

149 points by ilamont 19 days ago | 178 comments

Founder Charlie Javice found guilty of defrauding JPMorgan Chase (cnbc.com)

Finance, Fraud, Lawsuits, Business, Banking

3 points by _JamesA_ 19 days ago | 0 comments

Nikola founder Trevor Milton claims he's been pardoned (electrek.co)
Well, here’s a weird one for today. We got a press release in our inboxes claiming that Nikola Motors founder Trevor Milton, who was convicted of fraud, has been issued a full pardon for his crimes. But no independent confirmation exists, and it sure does seem like some sort of publicity stunt.

Business, Fraud, Legal News, Electric Vehicles

7 points by perihelions 20 days ago | 0 comments

Trump pardons Nikola founder Trevor Milton in securities fraud case (cnbc.com)

Politics, Business, Law, Fraud

16 points by pseudolus 20 days ago | 3 comments

Ex-Amazon worker sentenced to 3 years for 3 fraud schemes (seattletimes.com)
A former Seattle tech worker was sentenced Friday to three years in prison for three different fraud schemes, including embezzling more than a half-million dollars from his employer, Amazon.

Fraud, Seattle, Amazon, Technology, Crime

4 points by rwc9 22 days ago | 0 comments

Arrests in Tap-to-Pay Scheme Powered by Phishing (krebsonsecurity.com)
Authorities in at least two U.S. states last week independently announced arrests of Chinese nationals accused of perpetrating a novel form of tap-to-pay fraud using mobile devices.

Cybersecurity, Fraud, Mobile Payments, China, Law Enforcement

4 points by WaitWaitWha 24 days ago | 0 comments

CEO of Kubient sentenced for fraud (arstechnica.com)
Prosecutors: Firm offering "300% more" fraud detection oversold revenue by 700%.

Business, Fraud, Law, Tech, CEO

167 points by pseudolus 25 days ago | 52 comments

CEO of AI ad-tech firm pledging "world free of fraud" sentenced for fraud (arstechnica.com)
In May 2024, the website of ad-tech firm Kubient touted that the company was "a perfect blend" of ad veterans and developers, "committed to solving the growing problem of fraud" in digital ads.

AI, Fraud, Advertising, Tech

15 points by duxup 27 days ago | 0 comments

Director Charged with Fraud After Blowing $4M Netflix's Cash on Dogecoin (gizmodo.com)
During the heady early days of the Streaming Wars, Netflix spent more than $55 million on a sci-fi show created by the guy who directed the forgotten Keanu Reeves box office bomb 47 Ronin. According to a federal indictment, the director stole $11 million from the streaming giant and spent it on Dogecoin and Rolls Royces.

Fraud, Cryptocurrencies, Entertainment, Finance, Law

7 points by LinuxBender 27 days ago | 1 comments

Court Imposes over $1.6B in Penalties on a Toyota Subsidiary for Emissions Fraud (justice.gov)
Today, U.S. District Court Judge Mark A. Goldsmith for the Eastern District of Michigan accepted Hino Motors, Ltd.’s guilty plea to a one-count criminal information charging it with having engaged in a multi-year criminal conspiracy to defraud both the U.S. government and American consumers and illicitly smuggle goods into the country.

Legal Issues, Automotive Industry, Environmental Issues, Fraud

13 points by impish9208 27 days ago | 4 comments

Social Security Admin to require in-person ID checks for new&existing recipients (apnews.com)
In an effort to limit fraudulent claims, the Social Security Administration will impose tighter identity-proofing measures — which will require millions of recipients and applicants to visit agency field offices rather than interact with the agency over the phone.

Social Security, Government, Fraud, Identity Verification, Policy

50 points by petethomas 29 days ago | 45 comments

Here's a 'dead' person on Social Security in Seattle, with plenty to say (seattletimes.com)
“DOGE Has 10 Staffers at Social Security in Hunt for Dead People,” the headlines read this past week.

Social Security, Seattle, Fraud, Government, Crime

10 points by howard941 33 days ago | 1 comments

Doge Pushes Social Security Administration to Cut Off Phone Service (newsweek.com)
The Social Security Administration (SSA) is considering making significant reductions to its phone services amid pressure from the Department of Government Efficiency (DOGE) to crack down on purported fraud, waste and abuse the Washington Post reported, citing two sources familiar with internal discussions and records the paper obtained.

Government, Social Security, Fraud, Policy

14 points by qclibre22 35 days ago | 3 comments

What a Wrongful Death Lawsuit Reveals About America's Largest Oxygen Provider (propublica.org)
Lincare, a giant respiratory-device supplier with a long history of fraud settlements and complaints about dismal service, is facing its latest legal challenge: a lawsuit that claims its failures caused the death of a 27-year-old man with Down syndrome.

Lawsuits, Healthcare, Medical Devices, Fraud

11 points by hn_acker 38 days ago | 3 comments

Fyre Festival 2 tickets on sale; Mexican officials: "no permits have been filed" (livenowfox.com)
Tickets for Fyre Festival 2 are on sale, but Mexican officials say no one has applied for permits to hold the event.

Festivals, Events, Mexico, Fraud, Fyre Festival

6 points by sva_ 40 days ago | 0 comments

Problematic Paper Screener: Trawling for Fraud in the Scientific Literature (theconversation.com)
The Problematic Paper Screener trawls through 130 million scholarly papers every week looking for telltale signs that papers were produced by paper mills.

Science, Research, Fraud, Artificial Intelligence

5 points by turtleyacht 43 days ago | 0 comments

Verifiable science on modified PCR machine (github.com/ClemHeyd)
Scientific fraud kills. At Duke, 117 cancer patients received wrong treatments due to fabricated data. At Harvard, fake cardiac stem cell research led to years of invalid clinical trials. At Brigham and Women's, fictional pain studies changed treatment protocols nationwide.

Science, Medical Research, Fraud

53 points by kotaKat 47 days ago | 18 comments

US court upholds Theranos founder Elizabeth Holmes's conviction (theguardian.com)
A US court upheld the conviction of the Theranos founder Elizabeth Holmes for defrauding investors out of hundreds of millions of dollars while operating her failed blood-testing startup, once valued at $9bn, rejecting her multi-year appeal.

Law, Business, Healthcare, Technology, Fraud

79 points by stevekemp 51 days ago | 107 comments

150-Year-Olds Aren't Collecting Social Security Benefits (wired.com)
Elon Musk claims to have found rampant fraud in the Social Security Administration. There's a much simpler explanation.

Social Security, Fraud, Elon Musk, Misinformation

15 points by ConfusedDog 58 days ago | 4 comments

DOGE staffer is trying to reroute FEMA funds (dropsitenews.com)
DOGE has gained access to FEMA’s core financial management system, according to sources within FEMA, and “has been embedded for days now.”

Cryptocurrency, Government, Fraud

185 points by jkestner 63 days ago | 285 comments

Shopify says fraud risk, not Nazi swastika, was reason for Kanye store takedown (thelogic.co)
TORONTO — Shopify’s general counsel said the company took down musician Kanye West’s online store because of the potential for fraud, not because it was selling a Nazi T-shirt, an internal staff announcement obtained by The Logic reveals.

Shopify, Fraud, Kanye West, Controversy, Business

9 points by moonka 63 days ago | 2 comments

Chinese Temu sellers use fake U.S. postage labels to boost their profits (restofworld.org)
Some Chinese Temu merchants are padding their profits by using counterfeit postage labels to trick the U.S. Postal Service into delivering packages for free.

E-commerce, Fraud, China, United States, Shipping

12 points by impish9208 65 days ago | 0 comments

Hard disk fraud: long runtimes on new Seagate hard disks (heise.de)
Almost 200 readers have now noticed long runtimes on their new Seagate hard disks. Reports from abroad are also increasing.

Hardware, Hard Drives, Fraud, Consumer Issues

148 points by namanyayg 67 days ago | 92 comments