LabHost, a massive online fraud website, was infiltrated by police, leading to the arrest of 37 suspects. The site had stolen personal information from thousands of users, including bank and password details. Police have identified 70,000 U.K. victims so far and are contacting them to alert them to the data breach. International collaboration between law enforcement and technology companies enabled the takedown of LabHost, which was used by criminals to create fake websites and exploit victims.
Vladimir Artamonov, a Harvard Business School graduate, used his connections to swindle $2.9 million from fellow alumni and associates through a Ponzi scheme promising huge returns based on Berkshire Hathaway investments. Despite risky trading practices and personal fund misuse, the scheme thrived until the tragic suicide of a victim who lost $100,000. The Attorney General's office swiftly intervened, highlighting that even experienced investors can fall prey to fraudsters leveraging personal connections for trust.
