allegedly
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Regulation
Billion-Dollar Bank Paying $44,000,000 Fine for Allegedly Freezing Customers’ Accounts, Charging Hidden Fees, Deceiving Customers
A Texas-based bank holding company is agreeing to pay a $44 million fine to the Federal Reserve for a long…
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Regulation
JPMorgan Chase, Bank of America and Wells Fargo To Testify After Allegedly Refusing To Reimburse $115,000,000 To Customers on Zelle: Report
JPMorgan Chase, Bank of America and Wells Fargo have reportedly agreed to testify at a US Senate hearing over hundreds…
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Regulation
US Regulator Says Bank Will Pay $1,500,000 Settlement for Allegedly Overcharging and Deceiving Hundreds of Customers in Veterans’ Loan Scandal
A US regulator says it’s reached a $1.5 million settlement with a bank that caused “significant harm” to its customers.…
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Scams
Canada’s ‘Crypto King’ Facing Multiple Years Behind Bars for Allegedly Running $30,475,000 Fraud: Report
Canadian authorities have arrested a 25-year-old man for allegedly masterminding a crypto Ponzi scheme that defrauded investors for over $30…
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Scams
DOJ Charges Two Chinese Nationals for Allegedly Laundering Proceeds of $73,000,000 ‘Pig Butchering’ Crypto Scam
The U.S. Department of Justice (DOJ) is charging two Chinese nationals for allegedly running a pig butchering crypto scam and…
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Regulation
Wells Fargo Employee Sanctioned After Allegedly Stealing Funds From Customers, Refusing To Cooperate With Investigation
The Financial Industry Regulatory Authority (FINRA) is barring a former Wells Fargo broker who’s accused of stealing funds from clients.…
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Scams
Cartier Heir Charged by DOJ for Allegedly Laundering ‘Hundreds of Millions’ Partially via USDT Transfers
Prosecutors are charging three Colombian nationals and a purported direct descendant of the Cartier watch and jewelry-making family for allegedly…
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Regulation
Former Wells Fargo Executive Pays $40,000 Fine, Exits Banking Industry After Allegedly Misleading Customers and Falsifying Documents
A former Wells Fargo senior manager just agreed to pay a $40,000 fine and turn his back on the banking…
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Regulation
U.S. Treasury Department Targets 13 Russian Firms Allegedly Offering Crypto-Related Services To Avoid Sanctions
The US Government has named entities and individuals allegedly responsible for providing crypto products and services that aided in the…
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Regulation
UK Digital Asset Firm Allegedly Transferred $4,200,000 in Crypto to Russian Address Later Sanctioned by US: Report
A UK digital asset firm reportedly transferred millions of dollars in cryptocurrency to a wallet of an alleged Russian arms…
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