This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. In spring 2023, the Federal Reserve established a scams definition and ...

A scam that pretends to be from a government agency such as Social Security or the IRS. See email scam. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction requires permission.

Fraud doesn’t mean what it used to. A string of high-profile federal prosecutions are falling apart as courts apply a newly narrowed legal definition of the crime. The latest case came this week in ...