fraud

Anthropic reveals Claude-powered dating scam with 4,700 AI personas

Anthropic disclosed this week that a China-based app studio built and operated a network of more than 20 fraudulent dating apps powered by its Claude AI model, deploying over 4,700 automated personas that deceived at least 25,000 users during a…

Jefferies-linked fund’s exposure to Radiant World nears $500 million

A fund managed by a subsidiary of Jefferies has nearly $500 million of exposure to embattled iron ore trader Radiant World, according to the Financial Times, a figure far exceeding earlier estimates and marking one of the largest known creditor…

Radiant World’s top China iron ore trader quits amid probes

Leon Jin, Radiant World's head of iron ore in China, left the company on Monday as the embattled trading firm faces escalating pressure over allegations it supplied falsified invoices to banks, according to Bloomberg and Reuters.

WPP moves to seal Sony findings in rebate fraud lawsuit

WPP is seeking to seal "highly confidential and sensitive" client information from a lawsuit that alleges Sony investigated the advertising giant's media operations and concluded it ran a "global crime scene," according to a motion filed Thursday in New York…

Brazilian police accuse Goldman Sachs employees of fraud

São Paulo civil police have formally named two Goldman Sachs The Goldman Sachs Group, Inc. employees as suspects in an alleged fraud connected to a shareholder dispute over cancer treatment company Oncoclinicas, according to a police document filed with the…

Banks freeze Radiant World funds as top miners cut ties

Radiant World, one of the world's largest iron ore traders with annual revenues of about $12 billion, is facing a rapidly escalating crisis after major banks froze its funds and the industry's biggest miners moved to sever ties with the…

Spotify purged 75M tracks in crackdown on AI-generated music spam

Spotify has removed more than 75 million tracks flagged as spammy or abusive AI content from its platform over the past year, the company confirmed this week, as the streaming giant contends with an industrial-scale wave of artificial intelligence-generated music…