Fraud and false statements
Former top Apple lawyer pleads guilty to insider trading
Gene Daniel Levoff, a former lawyer in charge of Apple Inc.’s insider trading policy, exits from federal court in Newark, New Jersey, U.S., on Wednesday, Feb. 20, 2019. Natan Dvir | Bloomberg | Getty Images The former top corporate lawyer at Apple pleaded guilty on Thursday to insider trading charges, for what prosecutors called a five-year […]
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Fraud trial against Elizabeth Holmes’ partner at Theranos nears end
SAN JOSE, Calif. — In a harshly worded closing argument, prosecutors on Tuesday said former Theranos COO Ramesh “Sunny” Balwani “wasn’t a victim, he was the perpetrator of fraud” in the company’s downfall, while his attorney blasted the government’s case calling it inconsistent. The closing statements capped a three-month-long trial where the government alleged Balwani […]
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Former Amazon employee convicted in Capital One hack
Signage is displayed on the exterior of a Capital One Financial Corp. cafe branch in Walnut Creek, California, U.S., on Tuesday, July 18, 2017. Bloomberg | Getty Images A former Amazon Web Services employee was convicted of hacking into Capital One and stealing the data of more than 100 million people nearly three years ago in […]
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As SEC charges first brokerage to run afoul of new investor protection rule, here’s how to find a good financial advisor
Finding a broker or financial advisor you can trust may, at times, seem a daunting task. That’s especially true when investors see sensational stories of brokers fleeing the police in an underwater getaway or faking their death in an airplane crash. Then there are the high-profile fraudsters such as Bernie Madoff, who masterminded the nation’s […]
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Here are the main takeaways from the Jan. 6 Capitol riot committee’s second hearing
U.S. Representative Zoe Lofgren (D-CA), Chairperson Bennie Thompson (D-MS) , Vice Chair U.S. Representative Liz Cheney (R-WY) listen during the second public hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, at Capitol Hill, in Washington, U.S. June 13, 2022. Joshua Roberts | Reuters The House […]
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Former Attorney General Bill Barr says Trump would not listen when he told him election fraud claims were false
Former U.S. Attorney General Bill Barr is seen on video during his deposition for the public hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, on Capitol Hill in Washington, U.S., June 9, 2022. REUTERS/Jonathan Ernst Jonathan Ernst | Reuters Former Attorney General William Barr picked […]
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More than 46,000 people have lost more than $1 billion to crypto scams since 2021, says FTC
The crypto market can be volatile, but it’s still attractive to young people who have “higher risk appetites,” said Chris Adam of SharpRank. Insta_photos | Istock | Getty Images More than 46,000 people say they lost over $1 billion in crypto to scams since the start of 2021, according to a report released by the […]
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After the crypto crash, here’s what industry experts are waiting for next
A visual representation of Bitcoin cryptocurrency. Edward Smith | Getty Images Cryptocurrency companies dominated the main street at the World Economic Forum in Davos this year, a notable difference between this edition and the last one in 2020. The high-profile presence from the industry came even as the cryptocurrency market crashed. It was sparked by […]
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Michael Avenatti sentenced to 4 years in prison for stealing from Stormy Daniels
Stormy Daniels and attorney Michael Avenatti are seen at The Abbey on May 23, 2018 in West Hollywood, California. Tara Ziemba | Getty Images A federal judge in New York on Thursday sentenced disgraced lawyer Michael Avenatti to four years in prison for stealing from his former client, onetime adult film actor Stormy Daniels, who […]
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Do Kwon is unlikely to face prison time for $60 billion UST crypto wipeout — fines and lawsuits are more likely
Do Kwon, co-founder and chief executive officer of Terraform Labs, leaves the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Woohae Cho | Bloomberg | Getty Images Do Kwon, the 30-year-old South Korean founder of a $60 billion stablecoin project that imploded last month, has a knack for convincing people to buy […]
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