Nate startup CEO promised AI but hired workers in the Philippines instead
His “revolutionary AI” was just a room full of people typing. The founder of Nate, a shopping tech startup...
fraud
China’s Gold Boom Fuels Rise in Fraud and Money Laundering
Gold prices have surged 30% this year, making it a prime investment for Chinese consumers. Demand for gold bars...
Macy’s says employee ‘intentionally’ hid up to $154M in expenses
Macy’s Inc. has postponed its third-quarter earnings report after uncovering an accounting issue involving up to $154 million in...
Revolut Slams Meta’s Fraud Approach, Demands Compensation for Scam Victims
In a sharp rebuke, British fintech firm Revolut has criticized Meta, the parent company of Facebook, for its approach...
Terraform Labs to dissolve after US$4.47 billion settlement, marking one of the largest penalties in U.S. history
Terraform Labs announced its closure following a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC) to...