Fake Online Designer Shops Scam

An international investigation reveals a vast network of fake online designer shops operated from China that duped over 800,000 people in Europe and the US into sharing personal and financial details. The operation is highly organized and ongoing, with over 76,000 fake websites created. Consumers received no items in most cases, despite sharing sensitive data. The network used expired domains to avoid detection and is suspected to have made up to €50m from fraudulent activities.

Crypto Tycoon Sentenced to 25 Years for Financial Fraud

Crypto tycoon Sam Bankman-Fried has been sentenced to 25 years in prison for one of the biggest financial frauds in history, involving lying to investors, fraud, and money laundering.