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Frontier Digital Ventures Probes $430K Misappropriation at Colombian Unit

8:33pm on Friday 29th of August, 2025 AEST Technology
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Frontier Digital Ventures Probes $430K Misappropriation at Colombian Unit

8:33pm on Friday 29th of August, 2025 AEST
Key Points
  • Approximately USD 330,000 in unpaid Colombian tax payments misappropriated
  • USD 100,000 in fraudulent corporate credit card expenses identified
  • Colombian tax authority froze Fincaraiz bank accounts due to unpaid taxes
  • Impacted employees placed on paid leave; forensic and legal reviews underway
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