quonset writes: “The Korean Fusion Cafe ‘Spoon by H’ had the ingredients to become an L.A. success story but is the epitome of a small business, with owner and chef Yoonjin Hwang working 15-hour days to run the restaurant with her mother and brother,” reports CBS News. “‘We have no staff. We have no cooks. I have to do everything by…
Tag: fraud
New York Sues To Shut Down ‘Fraudulent’ Coinseed Crypto Platform
New York’s attorney general filed a lawsuit on Wednesday to shut down the cryptocurrency platform Coinseed for allegedly defrauding thousands of investors, including by charging hidden trading fees and selling “worthless” digital tokens. From a report: Attorney General Letitia James said Coinseed traded cryptocurrencies such as bitcoin without registering as a broker-dealer, and sold “CSD” tokens without authorization to raise money…
Darknet Crypto Kingpin JokerStash Retires After Illicit $1 Billion Run
The kingpin or kingpins of the world’s biggest illicit credit card marketplace have retired after making an estimated fortune of over $1 billion in cryptocurrency, according to research by blockchain analysis firm Elliptic shared with Reuters. From the report: The “Joker’s Stash” marketplace, where stolen credit cards and identity data traded hands for bitcoin and other digital coins, ceased operations this…
Government Agencies Begin Investigating Robinhood, Reddit Over GameStop Stock
An anonymous reader quotes a report from CNET: GameStop’s stock price shot through the roof in late January thanks to traders on Reddit. Now at least two government agencies are reportedly investigating why it happened as well as what roles Reddit and trading app Robinhood played in the stock market craziness. The Department of Justice’s fraud section and the San Francisco…
Chemical signature of Malbec wines backs up concept of ‘terroir’
Chemical analysis supports the idea that the combination of local environment and winemaking practices gives wines a unique flavour – which could help prevent wine fraud Source: https://www.newscientist.com/article/2266898-chemical-signature-of-malbec-wines-backs-up-concept-of-terroir/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home…
Discord Bans the r/WallStreetBets Server As Subreddit Goes Private
According to The Verge, Discord has banned the r/WallStreetBets server for allowing “hateful and discriminatory content after repeated warnings.” It did not ban the server for financial fraud. We have also learned that Reddit’s WallStreetBets subreddit has been set to private. Here is Discord’s full statement: The server has been on our Trust & Safety team’s radar for some time due…
A Home Security Worker Hacked Into Surveillance Systems To Watch People Have Sex
An anonymous reader quotes a report from Gizmodo: A former employee of prominent home security company ADT has admitted that he hacked into the surveillance feeds of dozens of customer homes, doing so primarily to spy on naked women or to leer at unsuspecting couples while they had sex. Telesforo Aviles, 35, pleaded guilty to a count of computer fraud in…
Online Misinformation Dropped Dramatically After Twitter Banned Trump
The Washington Post reports: Online misinformation about election fraud plunged 73 percent after several social media sites suspended President Trump and key allies last week, research firm Zignal Labs has found, underscoring the power of tech companies to limit the falsehoods poisoning public debate when they act aggressively. The new research by the San Francisco-based analytics firm reported that conversations about…
MIT Professor Charged With Hiding Work For China
A Massachusetts Institute of Technology professor was charged Thursday with hiding work he did for the Chinese government while he was also collecting U.S. dollars for his nanotechnology research. The Associate Press reports: Gang Chen, 56, was arrested by federal agents at his home in Cambridge on charges including wire fraud, officials said. While working for MIT, Chen entered into undisclosed…
Theranos Destroyed Crucial Subpoenaed SQL Blood Test Database, Can’t Unlock Backups
An anonymous reader quotes a report from The Register: Failed blood-testing unicorn Theranos trashed vital incriminating evidence of its fraud, prosecutors said on Monday. The imploded startup’s extensive testing data over three years, including its accuracy and failure rate, was “stored on a specially-developed SQL database called the Laboratory Information System (LIS),” according to a filing [PDF] in the fraud case…