Fraud’s R Us

Scammers and “investments” using customer money for personal expenses and risky trades. Another case was Safe Moon, a crypto project that locked investor funds into a liquidity pool and netted its creators over $200 million for personal expenses while pretending to guarantee safe returns. The business world was also Rocked by deception, with Charlie Javis, founder and CEO of Frank, deceiving JP Morgan into buying her fake company for $175 million by fabricating user data, leading to charges of securities fraud, wire fraud, and money laundering. The Australian Taxation Office exposed a staggering tax fraud case on TikTok, where influencers promoted falsely claiming over $4.6 billion in GST refunds. The video also addressed the failed launch of the “Day Before” video game, which led to financial losses for investors due to deceitful tactics such as asset dumping and stolen content.