Fraud and false statements
Consumers fight to get back billions in bitcoin the DOJ recovered in its greatest seizure of stolen crypto
When the Justice Division announced it seized billions in stolen cryptocurrency before this calendar year, it seemed like great news for victims of a hack that drained close to $70 million from customers’ accounts on the Bitfinex trading system in 2016. “It was the major aid of my daily life,” reported Frankie Cavazos, who missing […]
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This is what the Wells Fargo cross-advertising scandal implies for the bank’s advancement
Key Details The U.S. governing administration has established that Wells Fargo executives produced situations that developed mass-scale fraudulent action in the 2010s. The bank’s growth is capped just under $2 trillion on orders from the Federal Reserve. The cross-promoting scandal at Wells Fargo is a notorious example of the electric power of American banking institutions, […]
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French company to spend extra than $700 million and plead responsible to bribing ISIS as terror team killed westerners
A view of a Lafarge Cement plant is viewed in Paris, France on September 8, 2021. Julien Mattia | Anadolu Agency | Getty Photos Lafarge Cement has agreed to plead responsible Tuesday and shell out a good of additional than $700 million to U.S. federal legal expenses associated to the French firm’s involvement in payments […]
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Star witness who frequented Elizabeth Holmes immediately after fraud trial claims ‘she desires to pay out her debt to society’
Previous Theranos CEO Elizabeth Holmes (L) comes at federal court with her companion Billy Evans on Oct 17, 2022 in San Jose, California. Justin Sullivan | Getty Pictures SAN JOSE, Calif. — A star witness in the trial of former Theranos CEO Elizabeth Holmes doubled down on his testimony two months right after he showed […]
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Nikola founder Trevor Milton discovered responsible of fraud around statements he built whilst CEO of the EV business
Trevor Milton CEO of Nikola Massimo Pinca | Reuters Trevor Milton, the founder and former chairman and CEO of electric powered large truck maker Nikola, was located guilty in federal courtroom on Friday of a few of 4 counts of fraud relating to untrue statements he built to drive up the value of Nikola’s stock. […]
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Tether, world’s biggest stablecoin, cuts its commercial paper holdings to zero
Tether, the world’s biggest stablecoin, has slashed again its commercial paper holdings to zero, changing them with U.S. Treasury charges as a substitute, according to a blog site publish. The well-known U.S.-greenback-pegged cryptocurrency said the shift is component of tether’s “ongoing initiatives to boost transparency” and back its tokens with “the most protected reserves in […]
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New York AG asks judge to bar Trump from moving organizations to holding firm amid fraud lawsuit
Previous U.S. President Donald Trump speaks throughout a rally in Warren, Michigan, U.S., October 1, 2022. Dieu-nalio Chery | Reutersm The New York Lawyer General’s Workplace on Thursday questioned a decide to bar former President Donald Trump from going his enterprises to a new holding firm amid a pending civil lawsuit accusing him, 3 of […]
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Bogus billionaire fugitive Justin Costello had gold bars, $60K in money, Mexican pesos and phony ID when FBI nabbed him
Prosecutors on Tuesday asked a California federal choose to jail without bail a latest fugitive accused of a brazen $35 million fraud that associated him falsely telling traders he was a billionaire, a Harvard MBA, and a special forces veteran who was wounded 2 times in Iraq. An FBI SWAT crew caught the fugitive, Justin […]
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Men charged in stock fraud case involving a small-town NJ deli are set to appear in federal court
Two men accused in an alleged stock-manipulation scheme involving a small-town New Jersey deli are set to appear Tuesday morning at a federal courthouse that’s about a 20-minute drive from the now-closed shop at the heart of the case. Peter Coker Sr., 80, and James Patten, 63, who were arrested by federal authorities last month […]
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Fugitive Justin Costello arrested in alleged $35 million fraud based on ‘mirage’ of being billionaire, Harvard MBA, Iraq veteran
Zoom In IconArrows pointing outwards A fugitive charged with an audacious $35 million fraud — in which he allegedly told investors he was a hedge fund billionaire, a Harvard MBA and a special forces veteran who had been twice wounded in Iraq — was arrested by an FBI SWAT team in California after days on […]
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