Category: Fraud

Fraud detection startup Ravelin secures $20M Series C
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Fraud detection startup Ravelin secures $20M Series C

Ravelin, the London-based company using machine learning to help companies fight fraud when accepting online payments, has raised $20 million in new funding. The Series C round is led by Draper Esprit, with participation from existing investors Amadeus Capital Partners, BlackFin Tech, and Passion Capital. Ravelin disclosed $10 million in Series B funding in September…

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Overseas Fraud Ring Steals Millions in U.S. Unemployment Funds
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Overseas Fraud Ring Steals Millions in U.S. Unemployment Funds

A Nigerian fraud ring has allegedly stolen millions of U.S. unemployment benefits meant to help jobless Americans. The complex scheme stole identities from citizens, including social security numbers, to file invalid claims on behalf of workers who may not even be unemployed, the New York Times reported. Federal authorities believe that most of the false…

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Mass Fraud by African Refugees Halted Inflow After Ilhan Omar Came to U.S.
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Mass Fraud by African Refugees Halted Inflow After Ilhan Omar Came to U.S.

A refugee program that allowed foreign relatives of already-arrived foreign refugees to the United States was halted, altogether, more than a decade ago due to mass fraud among applicants. This week, Powerline blog’s David Steinberg suggested that Rep. Ilhan Omar (D-MN) entered the U.S. in the mid-1990s as a third-priority, known as P-3, refugee —…

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