Travis Kelce and others lost millions in a Ponzi scheme. Here’s what a basic index fund would have earned them instead.
Investment scams cost Americans billions of dollars every year — how to protect yourself.
Investment scams cost Americans billions of dollars every year — how to protect yourself.
With so much concern over scams in peer-to-peer payments, Visa is introducing an upgraded version of its fraud prevention system that aims to catch criminal transactions in real time. Under the upgraded version of A2A Protect, when a customer initiates a transfer, the bank sends the details to Visa through an API. Before the money…
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The Internal Revenue Service is making progress on its efforts to move all taxpayers toward electronic payments, but still faces barriers, according to a new report. Processing Content The report, released Thursday by the Treasury Inspector General for Tax Administration, noted that in March 2025, President Trump signed an executive order requiring federal payments and…
The regulator’s consultation paper, issued on 14 August, seeks to eliminate the requirement for overseas investors to be physically present in India during digital onboarding. If implemented, investors in FATF-compliant countries such as the US, UK, Japan, Canada, Germany and Australia could complete the entire KYC process remotely through web apps, video in-person verification (VIPV)…
British lender Standard Chartered Bank is helping domestic banks mobilise more foreign currency non-resident (bank) [FCNR (B)] deposits through the Reserve Bank of India’s (RBI’s) concessional swap window by lending to them, even as it has itself mobilised a substantial amount under the scheme, which may be more than it can handle, said PD…
Over roughly 12 years, he issued about 2,508 promissory notes across 518 transactions, moving just over $174 million through 11 financial institutions. When the scheme collapsed, 84 investors had lost more than $8.3 million in principal. Many told the trustee the money was their life savings or retirement. The operator was declared bankrupt on June…