fraud

Fraud is a deliberate act of deception intended to secure an unfair or unlawful gain, often involving the misrepresentation of facts to induce another party to part with something of value. It manifests in various forms, including financial scams, identity theft, and corporate malfeasance.

Why it’s in the news: It is in the news due to a series of high-profile acquisitions and corporate collapses directly linked to fraudulent activities.

Latest on fraud

• Harvard, Stanford among 9 US universities in fraud probe over visas for foreign researchers
• Kennedy Center donor accused of fraud was secret FBI informant
• 59% of Firms With AI Fraud Defenses Stop Losses Before They Start
• ICE Emails Discuss Using Palantir-Supported Tool to Investigate Voter Fraud
• US justice department orders playbook refresh for frauds on government
• Trump administration investigates 9 universities for alleged visa fraud
• Banks deployed AI to catch fraud faster, but the systems are creating a new gap in their ability to actually stop it.
• Card issuers face pressure from several directions. Fraud keeps changing
• to boost its fraud protection and bot detection as fraud attempts grow in 'sophistication and volume.'
• Agentic AI was supposed to catch fraud faster — instead it's executing it faster, at scale, without a human in the loop.
• Banks adopted AI-powered detection to outrun fraud that static rules could never catch
• AI didn't strengthen detection — it weaponized scale.

Connections

26 entities linked to fraud across the news graph.