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Facial recognition systems are denying unemployment benefits across the US

[Engadget] Motherboard noted that at least some people have three attempts to pass the facial recognition check, though. The outlet also pointed out that the company’s claims of national unemployment fraud costs have ballooned rapidly in just the past few months, from a reported $100 billion to $400 billion. While Hall attributed that to expanding “data […]

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Congress opens investigation into BlueVine and Kabbage after reports of PPP fraud

[Bloomberg] Congress is investigating fraudulent loans facilitated by fintech lenders BlueVine and Kabbage.While fintech lenders only processed 15% of total PPP volumes, they’re involved in 75% of fraudulent loans identified by the DOJ.Fintechs boasted fully-automated PPP applications and faster approvals than traditional banks.Congress has opened a formal investigation into potentially fraudulent Paycheck Protection Program loans […]

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Microsoft’s new tech spots deepfakes to fight disinformation ahead of 2020 US election

[CNET] Microsoft on Tuesday showed off two new computer programs to combat deepfakes. The company said its new apps will be able to identify manipulated videos, which are often hard to detect, as well as tell people whether the media they’re looking at is likely authentic or not. Microsoft said its new technology will be built […]

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Former Trump advisor Steve Bannon arrested on charges of defrauding donors in fundraising scheme

[CNBC, GETTY IMAGES] Former White House chief strategist Steve Bannon has been arrested after being charged with defrauding hundreds of thousands of donors through their campaign “We Build the Wall.”  Bannon, along with three of his associates were indicted by investigators at the U.S. Southern District of New York on Thursday. They allege that the […]

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Man spent PPP funds on hotels, jewelry and $318,497 Lamborghini, authorities say

[CNN] A man in Miami, Florida, has been charged with bank fraud for allegedly lying on PPP loan applications and spending the money on luxury items such as a Lamborghini Huracán EVO, federal authorities say. Funds from the $521 billion Paycheck Protection Program are destined for small businesses so that they’re able to keep workers […]

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