FINANCIAL CRIMES | THE MAG POST

France's Credit Rating Downgraded: Moody's Warns of Fiscal Crisis

Moody's unexpectedly downgraded France's credit rating citing political fragmentation and a deteriorating fiscal outlook. The new government faces significant challenges.

Digital Bank Scams Surge 1000%: Zelle Victims Lose $166 Million

Dec 165 min read

TECHNOLOGY

Digital Bank Scams Surge 1000%: Zelle Victims Lose $166 Million

Digital bank scams targeting US and Canadian customers have surged 1000% in the last year with Zelle users losing $166 million. Learn how banks are responding.

Digital Bank Scams Surge 1000%: $166 Million Lost on Zelle in 2023

Dec 145 min read

Digital Bank Scams Surge 1000%: $166 Million Lost on Zelle in 2023

Digital bank scams targeting US and Canadian customers have surged 1000% in the past year with $166 million lost on Zelle alone. Learn how these scams are evolving and what banks are doing to combat them.

Elon Musk Threatens Bill Gates With Bankruptcy Over Tesla's Success

Dec 135 min read

Elon Musk Threatens Bill Gates With Bankruptcy Over Tesla's Success

Elon Musk's latest feud with Bill Gates centers around Tesla's potential to surpass Apple in market capitalization potentially bankrupting Gates due to his short position.

Adani Group Withdraws from $553 Mn Colombo Port Project Amid US Bribery Allegations

Dec 126 min read

Adani Group Withdraws from $553 Mn Colombo Port Project Amid US Bribery Allegations

Adani Group pulls out of a $553 million US funding request for the Colombo port project citing internal resources. The decision comes amid bribery allegations against the group.

FTX Bankruptcy: Millions Recovered in Political Donations

Dec 122 min read

POLITICS

FTX Bankruptcy: Millions Recovered in Political Donations

FTX debtors have recovered over $14 million in political donations. Learn how this relates to the ongoing bankruptcy case.

Crypto Financial Literacy: Dangerously Low or Just Misunderstood?

Dec 115 min read

CRYPTOCURRENCIES

Crypto Financial Literacy: Dangerously Low or Just Misunderstood?

Is the crypto community's financial literacy dangerously low? Experts debate whether crypto owners are truly less financially literate than the general population.

Bitcoin Hits $100K Milestone Trump Picks Paul Atkins for SEC and More Crypto News

Dec 1117 min read

CRYPTOCURRENCIES

Bitcoin Hits $100K Milestone Trump Picks Paul Atkins for SEC and More Crypto News

Bitcoin surges past $100K Trump nominates Paul Atkins for SEC chair and Solana ETF applications face rejection. Key crypto market updates.

Starlink Device Used in $4.2 Billion Meth Smuggling Case in India: Police Demand Data

Dec 914 min read

Starlink Device Used in $4.2 Billion Meth Smuggling Case in India: Police Demand Data

Indian police are demanding data from Elon Musk's Starlink after its internet device was used by smugglers in a massive $4.2 billion meth seizure. Starlink's role in the international waters navigation is under investigation.

2024 Election Economic Debate: Experts Offer Contrasting Views on America's $29 Trillion Economy

Dec 716 min read

2024 Election Economic Debate: Experts Offer Contrasting Views on America's $29 Trillion Economy

The 2024 election economic debate lacks substance. Experts from the center-left and center-right offer contrasting perspectives on housing taxes debt and more.

Hunter Biden Pardoned: Joe Biden's Controversial Decision and the Implications

Dec 321 min read

POLITICS

Hunter Biden Pardoned: Joe Biden's Controversial Decision and the Implications

President Biden issued a full pardon for his son Hunter Biden sparking controversy and raising questions about presidential clemency. The pardon covers potential crimes from 2014-2024.

UPI Fraud Cases Surge: Impact on Digital Payments in India

Dec 119 min read

UPI Fraud Cases Surge: Impact on Digital Payments in India

Rising UPI fraud cases in India are causing concern potentially impacting user confidence in digital payments. Learn more.

Telecom Operators Bank Guarantee Waiver: Airtel Idea Vodafone Get Relief: Cabinet Waives Bank Guarantees for Pre-2022 Spectrum Purchases

Nov 2612 min read

Telecom Operators Bank Guarantee Waiver: Airtel Idea Vodafone Get Relief: Cabinet Waives Bank Guarantees for Pre-2022 Spectrum Purchases

Indian telecom operators including Vodafone Idea get relief as the Cabinet approves waiving bank guarantee requirements for pre-2022 spectrum purchases. This move aims to ease financial stress and boost sector stability.

PAN 2.0 Project: India's Taxpayers Get Enhanced Digital Experience

Nov 2610 min read

PAN 2.0 Project: India's Taxpayers Get Enhanced Digital Experience

India's Central government approves PAN 2.0 a Rs 1435 crore project to enhance the digital experience of taxpayers. Learn more about the benefits of this e-Governance project.

Billionaire's Fortune Collapses: From Rs 2.5 Lakh Crore to Rs 464 Crore - Archegos Capital Downfall Saga

Nov 2614 min read

Billionaire's Fortune Collapses: From Rs 2.5 Lakh Crore to Rs 464 Crore - Archegos Capital Downfall Saga

A once-billionaire's downfall: Bill Hwang founder of Archegos Capital lost his fortune due to fraud and market manipulation. His net worth plummeted from Rs 2.5 lakh crore to just Rs 464 crore.

Adani-Hindenburg Case: Supreme Court Plea to Consider US Charges

Nov 2412 min read

Adani-Hindenburg Case: Supreme Court Plea to Consider US Charges

Petition seeks Supreme Court review of US charges against Adani group demanding Sebi's report on the matter.

SEC Charges Adani in $265 Million Bribery Scandal: Key Allegations and Implications

Nov 2111 min read

SEC Charges Adani in $265 Million Bribery Scandal: Key Allegations and Implications

The SEC charges Gautam Adani and others with a $265 million bribery scheme to secure energy contracts. Learn the key allegations and implications of this major case.

Bank of Mum and Dad Inequality: How Family Wealth Dictates Life Choices

Nov 1910 min read

Bank of Mum and Dad Inequality: How Family Wealth Dictates Life Choices

Family wealth is a major driver of inequality impacting life choices and social mobility. The Bank of Mum and Dad is examined exploring its influence on generations.

Hindenburg Allegations Against SEBI Chief: Regulatory Integrity Challenged; SEBI in the Spotlight After Hindenburg’s Report

Aug 113 min read

STOCK MARKETS

Hindenburg Allegations Against SEBI Chief: Regulatory Integrity Challenged; SEBI in the Spotlight After Hindenburg’s Report

Key insights into the Hindenburg allegations targeting SEBI's leadership and the impact on regulatory transparency.

The case of Raj Rajaratnam and the Galleon Group

Apr 42 min read

The case of Raj Rajaratnam and the Galleon Group

The Case of Raj Rajaratnam and the Galleon Group: Wiretaps Exposed $63.8M Insider Trading Scheme, 11-year sentence in Landmark Conviction

The Martha Stewart Insider Trading Saga: A Lesson in Ethical Business Practices

Mar 294 min read