Cryptocurrency scams and fraud in 2023 contributed to an estimated $5.6 billion in losses, a report from one of the federal government’s top law enforcement agencies says.Â
The Federal Bureau of Investigation’s Cryptocurrency Fraud Report for 2023 found that the vast majority of losses – about $3.9 million – were related to cryptocurrency investment scams.Â
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The deadline to replace Supplemental Nutrition Assistance Program (SNAP) for recipients whose benefits were electronically stolen or skimmed is fast approaching.
A September 30, 2024, deadline looms for those who had their benefits stolen between October 1, 2022, and September 30, 2024, to replace their lost benefits. This comes after Congress passed a law in December 2022, hoping to reduce SNAP benefit theft; the law set this deadline to replace benefits. People must file their claims within 30 days of the theft occurring to ensure they receive payment.
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Devon Archer, the former Hunter Biden confidant convicted of fraud in January, whose testimony to Congress transformed the congressional impeachment probe into alleged Biden family corruption, also is a cooperating witness in an unrelated federal murder-for-hire prosecution, according to court records.
Archer’s lawyers have used their client’s cooperation in the Vermont murder-for-hire case and the impeachment inquiry in Congress to successfully delay his sentencing last month in a securities fraud case, where he was convicted back in 2018.
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Election-integrity policies are increasing gaining mainstream appeal and acceptance, despite Democrats opposing them under their repeated claim that they are only part of right-wing falsehoods.
From preventing non-citizen voting in U.S. elections to voter ID, Democrats have largely opposed a wide range of election integrity policies that a majority of Americans believe are necessary for the security of elections.
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The federal government loses up to $521 billion a year to fraud, according to a first-of-its-kind estimate from a Congressional watchdog.Â
The U.S. Government Accountability Office, which serves as the research arm of Congress, estimated annual fraud losses cost taxpayers between $233 billion and $521 billion annually, according to a new report published Tuesday. The fraud estimate’s range represents 3% to 7% of average federal obligations.Â
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The latest report from the Federal Trade Commission (FTC) reveals that American adults lost a record amount of money to acts of fraud in the year 2023, totaling around $10 billion.
As reported by Axios, the number of Americans who fell victim to fraudulent scams was roughly 690,000. The average lost amount per person was $500.
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