A controversial Russian-born Israeli arms dealer Arcadi Gaydamak has implicated Cyprus in an alleged $600 mln fraud case against him. According to news site Philenews, citing a TV documentary aired recently on Israel’s popular Channel 12, the 70-year-old’s lawyers have reported to Cyprus authorities that a person he trusted deceived him, transferring to a Cypriot…
DetailsSYDNEY — Australia’s government approved a U.S. request to extradite a former American pilot allegedly involved in training Chinese military pilots on how to land on aircraft carriers. The department of Australia’s attorney-general said Wednesday that Attorney-General Mark Dreyfus agreed to formally receive Washington’s request to extradite Daniel Edmund Duggan. The department said Duggan is…
DetailsThe Israeli company OrboGraph, which uses AI to prevent fraud, was acquired for over $100 million. OrboGraph detects and analyzes fraudulent checks, and provides automated healthcare payment processing. The company is focused on detecting and preventing fraud in the US, Israel, and other countries, and uses advanced recognition algorithms and AI to read each document and…
DetailsIt’s probably not a coincidence that the Twitter account of Piers Morgan, a British media personality, was hacked and then wiped after the leak of over 400 million Twitter user data that is now being sold on a hacking forum, cybersecurity researchers say. Hudson Rock, an Israeli cyber-intelligence company, was one of the first to…
DetailsAtlas Elektronik, a subsidiary of German giant ThyssenKrupp, has signed a deal with Vsense Technologies, which will see it invest millions of euros in the Israeli company. This project is part of ThyssenKrupp’s industrial cooperation plan with Israeli industry, which was approved by the Industrial Cooperation Authority (ICA) in July 2021. Vsense is a supplier…
DetailsResidents of a luxury Brooklyn apartment, who pay up to $5,000 a month to live there, have been forced to use borrowed hot plates to cook their meals after being left with no gas or heat for months. The residents of Eleven33 – located at 1133 Manhattan Avenue in Greenpoint – have said they feel…
DetailsIt’s one thing to get a bad review … it’s another to be cast in the same light as Kanye West and Donald Trump, but that’s exactly what one reviewer did. Politico writer Joanna Weiss posted a story called, “2022 Is the Year We All Finally Got Tired of the Narcissists,” and she had plenty…
DetailsFTX founder Sam Bankman-Fried said he and former executive Gary Wang borrowed more than $546 million from Alameda Research to buy a nearly 8% stake in Robinhood Markets Inc, according to court papers. The pair borrowed the funds earlier this year. The transactions were documented in a series of promissory notes, detailed in an affidavit…
DetailsU.S. prosecutors have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal about $110 million in October by rigging the Mango Markets cryptocurrency exchange. According to a complaint made public on Tuesday in Manhattan federal court, Avraham Eisenberg’s trades in futures related to Mango’s crypto token MNGO enabled…
DetailsMeta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has agreed to pay $725 million to settle a long-running class-action lawsuit filed in 2018. The legal dispute sprang up in response to revelations that the social media giant allowed third-party apps such as those used by Cambridge Analytica to access users’ personal information without…
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