Oh My Fraud

During the rise of Bitcoin, a would-be rival builds a worldwide following, driven by the charisma of its founder, the self-anointed Cryptoqueen.SponsorsMaxima.AI - https://ohmyfraud.promo/maxima Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CEDownload the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/SOURCESRuja Ignatova [Wikipedia]OneCoin [Wikipedia]Frank Schneider (spy) [Wikipedia]Co-Founder Of Multi-Billion-Dollar Cryptocurrency Pyramid Scheme "OneCoin" Pleads Guilty [U.S. Department of Justice]Former Law Firm Partner Sentenced To 10 Years In Prison For Laundering $400 Million In Connection With "OneCoin" Fraud Scheme [U.S. Department of Justice]"Head Of Legal And Compliance" For Multibillion-Dollar Cryptocurrency Pyramid Scheme "OneCoin" Sentenced To Four Years In Prison [U.S. Department of Justice]How 'Cryptoqueen' Ruja Ignatova ended up as the only woman on the FBI's most-wanted list [CNN]FBI adds OneCoin founder Ruja Ignatova to list of most-wanted fugitives [The Washington Post]US adds 'Cryptoqueen' to most-wanted list over alleged US$4b fraud [Malay Mail / Reuters]Cryptoqueen: How this Woman Scammed the World, then Vanished [BBC]A cryptocurrency ponzi scheme is finally unraveling [Quartz]Is OneCoin the biggest financial fraud in history? [Fortune]The 'Cryptoqueen' who made FBI's most wanted after $4 billion heist was rumored killed—but evidence leaves more questions than answers [Fortune]The Outrageous Case of OneCoin, the Billion Dollar Scam Sold as a "Bitcoin Killer" [Bitrates]The OneCoin Scam: the Dazzling Story of the Biggest Crypto Ponzi in History [CoinMarketCap]Ruja Ignatova: The Crypto Mogul Scam Artist Who Vanished into Thin Air [CrimeReads]The Missing Cryptoqueen Details the Rise and Fall of Ruja Ignatova's OneCoin Con [Reason]Subpoenaed emails reveal OneCoin was fraudulent from inception [BehindMLM]OneCoin literally a relaunch of the BigCoin Ponzi scheme [BehindMLM]OneCoin investment packages approach a quarter million Euros [BehindMLM]OneCoin debut €118,000 EUR investment package [BehindMLM]OneCoin under regulatory investigation in Germany [BehindMLM]Fourteen OneCoin promoters indicted in Italy [BehindMLM]Konstantin Ignatov receives time served for OneCoin fraud [BehindMLM]OneCoin's Ruja Ignatova indicted in Germany [BehindMLM]OneCoin Research Paper: Islamic Ruling [Islamic Portal]Cryptoqueen's brother is freed after 3 years jail over OneCoin scheme: Report [Cointelegraph]Cryptoqueen's Brother Gets Time Served for Leading OneCoin Scam [Bloomberg]OneCoin co-founder Greenwood gets 20 years in US jail for fraud, money laundering [Investing.com / Cointelegraph]Fugitive 'cryptoqueen' accomplice is jailed for 20 years for $4bn global scam [The Independent / AOL]US boosts reward for info on 'Missing Cryptoqueen' Ruja Ignatova to $5 million [The Record]Missing 'Cryptoqueen' Ruja Ignatova 'May Be Hiding in Russia' [Decrypt]OneCoin fraudster Ruja Ignatova reportedly hiding in Russia to avoid arrest [Invezz]Crypto Queen Ruja Ignatova, OneCoin's $4 Billion Fraud Mastermind, Is Alive And In South Africa, German Police Suspects [Benzinga]

A serial fraudster attracts a devoted following when he invents a currency.SponsorsRoutable - http://ohmyfraud.promo/routableACFE - http://ohmyfraud.promo/acfeNAEA - http://ohmyfraud.promo/naea Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CEDownload the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Sources:58 crypto wallets have made millions on Trump’s meme coin. 764,000 have lost money, data shows [CNBC]Pyramid Schemes: How to Lose Friends and Alienate Money [OMF]Chairman arrested in Japan 'scam' [BBC]Japanese man arrested over 1.4-bn-dlr investment scam [Sydney Morning Herald]Arrests made in what could be biggest investment scam in Japanese history [The Guardian]Japan to Indict Suspected Swindler Nami in $2.5 Billion Fraud [Bloomberg via Archive]Sexy female reporters mobilized to cover L&G chairman [Japan Today]Japanese businessman arrested in investment scam [Asia News Network via Wayback Machine]Bedding supplier chief given 18 years for investment fraud [Japan Weekly Monitor]Sir Frauds a Lot | The Case of Stanford Financial Group [OMF]

Two stories of people attempting to swindle Big Tech. SponsorsRoutable - http://ohmyfraud.promo/routableAssembly - http://ohmyfraud.promo/assembly Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CEDownload the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Sources:Verified pro-Nazi X accounts flourish under Elon Musk [NBC]U.S. v. Evaldas Rimasauskas [SDNY]Lithuanian Man Extradited For Theft Of Over $100 Million In Fraudulent Business Email Compromise Scheme Against Multinational Internet Companies [DOJ]Man Pleads Guilty To Phishing Scheme That Fleeced Facebook, Google Of $100 Million [NPR]Lithuanian Man Pleads Guilty To Wire Fraud For Theft Of Over $100 Million In Fraudulent Business Email Compromise Scheme [DOJ]Leader of Fraud Ring Sentenced [FBI]North Carolina Musician Charged With Music Streaming Fraud Aided By Artificial Intelligence [DOJ]US v. Michael Smith [SDNY]Spotify Paid Over $4.5 Billion to Music Publishers Over the Last Two Years, So Why Are Songwriters Struggling? [Variety]A Billion Streams and No Fans [Wired]Owner And Two Managers Of Health Care Practice Agree To Pay $900,000 To Resolve Allegations Of Medically Unnecessary Testing [DOJ]

A scrappy Flemish speech recognition company tries to put its hometown on the global tech map.SponsorsRoutable - http://ohmyfraud.promo/routableBluebook - http://ohmyfraud.promo/bluebook(00:00) - A Pie to the Face (01:00) - Welcome to Oh My Fraud (06:00) - Welcome to Flanders, Belgium (07:30) - Meet the Founders: Jo Lernout and Pol Hauspie (09:30) - The Dream of Voice Recognition (13:30) - Going Public in a Crowded Market (16:00) - Creating the Flanders Language Valley (20:00) - Gaston Bastiaens and His Wine Cellar Wager (24:00) - Microsoft's $45 Million Investment (27:00) - The Philosophy of Pie Throwing (28:30) - Explosive Growth and Suspicious Numbers (30:30) - Dragon Systems and Dictaphone Acquisitions (33:00) - The Korean Revenue Mystery (36:00) - Wall Street Journal Starts Digging (38:30) - "I Lied About Everything" (40:00) - The Resignation and Bankruptcy (44:00) - The SEC Reveals the Fraud (46:00) - Criminal Convictions and Symbolic Justice (47:00) - Lessons Learned: Fake It Till You Make It (48:30) - What Happened to the Technology (50:00) - Closing Thoughts HOW TO EARN FREE CPEIn less than 10 minutes, you can earn NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.https://www.earmark.app/Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appCONNECT WITH CALEBLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources:How Hype Hurt Lernout & Hauspie [Bloomberg via Wayback Machine]How High-Tech Dream Shattered In Scandal at Lernout & Hauspie [WSJ]Lernout & Hauspie Speech Products: Financing From Start-up through IPO [INSEAD, Herwig Langohr, Benoit Leleux, Danny Lein, July 2000, accessed on Sept. 16, 2025]Lernout & Hauspie Speech Products: The Question [INSEAD, Arnoud De Meyer, Bart Pycke, January 1998, accessed on Sept. 16, 2025]Quarterdeck Office Systems [Wikipedia]Patent Is Won By Quarterdeck [NYT]Internet Hype Gives New Life to Quarterdeck Stock [LAT]Gaston Bastiaens [Apple.Fandom]Today in Apple history: Apple exec bets his wine cellar on Newton [CultofMac]Will Microsoft's Stake in Lernout & Hauspie Drive Growth in Speech? [Speech Technology Magazine]In Brussels, Gates Takes a Pie in the Face [Reuters via Wayback Machine]Bill Gates Being Hit in the Face With a Pie (1998) [YouTube]Noël Godin [Wikipedia]He Plasters Paris’ Elite With Cream Pies [LAT]Bernard-Henri Levy Pied again in Belgium [YouTube]FM Interviews: Noël Godin [First Monday]Lernout & Hauspie Shares Drop Amid Puzzling Revenue Results [WSJ]Lernout & Hauspie Surges In Korea, Raising Questions [WSJ]Lernout's Bastiaens Will Step Down From CEO Post at Software Concern [WSJ]Lernout to Refile Financial Reports; Co-Founders Resign as Chairmen [WSJ]Lernout Files for Bankruptcy Protection, Says Cash at South Korean Unit Is Missing [WSJ]The Talk of Flanders Has Most Speechless [AP]Lernout & Hauspie Speech Products, N.V., Litigation Release No. 17782, Accounting and Auditing Enforcement Release No. 1648, October 10, 2002 [Securities and Exchange Commission]Lernout & Hauspie Speech Products, N.V., Litigation Release No. 18014, March 4, 2003 [Securities and Exchange Commission]Lernout & Hauspie Founders Guilty in Fraud [WSJ]Goldman Sachs and the $580 Million Black Hole [NYT]

Rewarding customer loyalty is probably as old as commerce. These days, consumers accumulate hundreds, thousands, sometimes even millions of points that can be used to acquire everything from their favorite drink, to airline tickets, or simply pay a balance on a credit card. The fact that these rewards have an intrinsic value is something many easily forget about, making them a great target for fraud.SponsorsRoutable - http://ohmyfraud.promo/routableHOW TO EARN FREE CPEIn less than 10 minutes, you can earn NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.https://www.earmark.app/Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appCONNECT WITH CALEBLinkedIn: https://www.linkedin.com/in/calebnewquist/Sources:The lucrative business of airline loyalty schemes [AFR]A History of US Airline Deregulation [Travel Insider via Wayback Machine, accessed on Aug 29, 2025]Alaska Airlines miles stolen: What to do if your account is hacked [Fox13 Seattle]Alaska Airlines customers complain of possible hack after miles stolen from accounts [KIRO 7]Check your mileage plans! (Mine was hacked) [r/AlaskaAirlines]Mileage Account Hacked [r/AlaskaAirlines]My Southwest Rapid Rewards account was hacked: How I got my points back [The Points Guy]My AAdvantage account was hacked: Here's what happened and how you can protect yourself [The Points Guy]Largest Employer by State 2025 [World Population Review]Sam’s Club [Wikipedia]Rewards Points Scheme Nets Arrest; More Sac County Victims Likely [Folsom Times]

When Johnathan Walton learned that his best friend had conned him out of nearly $100,000, his first instinct was a little unusual—he told anyone who would listen about what happened. The story that ensued consumed his life for several years, ultimately sending his career in unexpected directions, with a hit podcast, assisting other victims with their frauds, and now, his new book, Anatomy of a Con Artist.SponsorsRoutable - http://ohmyfraud.promo/routable(00:00) - Introduction and Podcast Overview (05:01) - Meet Jonathan Walton (07:32) - Jonathan's Early Life and Career (20:32) - The Pool Problem (22:55) - Con Artists Don't Outsmart You (37:37) - The Final Scam and Realization (44:45) - Confrontation and Recording (46:13) - Police Inaction and Persistence (48:14) - Building a Case (52:06) - The Arrest and Legal Battle (55:30) - The Trial and Conviction (01:00:26) - Post-Conviction and New Scams (01:03:15) - Extradition and Ongoing Pursuit (01:08:12) - Reflections and Lessons Learned (01:22:20) - Conclusion and Final Thoughts BUY JONATHAN'S BOOKAnatomy of a Con Artist [Penguin Random House] HOW TO EARN FREE CPEIn less than 10 minutes, you can earn NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.https://www.earmark.app/Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appCONNECT WITH CALEBLinkedIn: https://www.linkedin.com/in/calebnewquist/Sources:Queen of the Con [Spotify]Queen of the Con [Instagram]johnathanwalton.comEmail us at ohmyfraud@earmarkcpe.com