In Payments Fraud, A Crypto Scam | PYMNTS.com

  • In one example, as reported by Livemint.com, the ex-CEO of a publicly traded FinTech firm based in the United States has been indicted for accounting fraud that allegedly garnered several million dollars.
  • As the site noted, Venkata Meenavalli, who served as head of the company known as LongFin, had – along with other executives – engaged in fraud that boosted the reported revenues of the crypto firm.
  • Separately, in Canada, employees at the Fort Alexander health care center reportedly received more than a million dollars above their stated salaries in questionable payouts, as reported by the Global News.

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