The financial news that actually matters
Covers financial scams, fraud cases, regulatory enforcement actions, and government crackdowns on illegal financial activity. It educates readers on financial safety and risk prevention.
When the Federal Trade Commission tallied fraud complaints for 2025, one statistic stood out above the rest: roughly one in three Americans who reported losing money to a scam said it started on social media. Not a phone call. Not a phishing email. A post, a direct message, or an ad on a platform they…
Twenty-two Minneapolis businesses were raided in a single coordinated federal operation in April 2026, targeting providers suspected of stealing from Medicaid programs that fund therapy for children with autism and housing support for vulnerable adults. According to the Associated Press, agents seized records and evidence from every location, making the sweep one of the most…
In the first three weeks of 2025, cryptocurrency platforms lost more than $600 million to hackers, with North Korea’s Lazarus group responsible for the overwhelming majority of the damage. The centerpiece: a $1.5 billion theft from the Bybit exchange on or about February 21, 2025, which the FBI formally attributed to Lazarus in a public…