Fraud and false statements
Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud
Barbara Furlow-Smiles attends the 2020 Sisters’ Awards at Skirball Cultural Center on March 08, 2020 in Los Angeles, California. Robin L. Marshall | Getty Images A former diversity manager at Facebook and Nike was sentenced to five years and three months in prison for stealing more than $5 million from those companies that had been […]
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From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. Mike Segar | Reuters | Benjamin Girette | Bloomberg | Getty Images An arch rivalry between one-time crypto titans was brought to a close at a federal courthouse in Seattle on Tuesday when Binance founder Changpeng […]
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Details center service provider Equinix ➭vertising an AI pipe dream,' Hindenburg Exploration says in shorter report
Charles J. Meyers, president and CEO of Equinix, poses in his place of work in Redwood City, Calif., Dec. 18, 2018. Nhat V. Meyer | Bay Digital To start with Media | The Mercury News by means of Getty Visuals Hindenburg Analysis on Wednesday took intention at Equinix, the $80 billion knowledge centre service provider, […]
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Fraudster who peddled pretend pre-IPO Airbnb inventory falsely claimed to signify Egypt's Mansour family
The Airbnb emblem is exhibited on the Nasdaq electronic billboard in Occasions Sq. in New York on December 10, 2020. Kena Betancur | AFP | Getty Visuals When prosecutors introduced the plea deal late previous 7 days of Shamoon Rafiq, who ran a $10 million scheme that duped investors into obtaining into pre-IPO tech corporations […]
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As online romance scams rise, banks ask for help to save victims billions
The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis that’s costing Americans billions of dollars every year: online romance scams. These digital crimes have proliferated since the pandemic, as criminals pose as attractive partners and reach out to lonely Americans on social media. “We […]
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Investors in Airbnb arbitrage business allege they were defrauded in scheme promising 'higher returns than the stock market'
Illustration by Elham Ataeiazar Daryn Carr is no stranger to side hustles. After his mom died from Covid in 2020, he used funds from her pension to pay off some bills and buy a car. With the remaining money, he invested in crypto and started an ATM business. One day in 2022, while scrolling through […]
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SAP to spend additional than $230 million to settle bribery charges, U.S. authorities say
Christian Klein, CEO of the software firm SAP, stands on the podium on the lookout at his cell cellular phone right before the start of the company’s Once-a-year Normal Meeting. Uwe Anspach | Picture Alliance | Getty Photographs SAP, the $192 billion German organization tech business, will pay back far more than $230 million to […]
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4 males indicted in $80 million ‘pig butchering’ scheme
Las Vegas Review-journal | Tribune Information Services | Getty Pictures Federal prosecutors have disrupted a so-referred to as pig-butchering scheme that value victims much more than $80 million, the U.S. Department of Justice declared Thursday. 4 guys have been indicted and two arrests have been produced in a single of the most sweeping enforcement steps […]
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Fraud in a bottle: How Big Pharma takes on criminals who make millions off counterfeit drugs
In Las Vegas, Lazaro Hernandez was a flamboyant, jet-setting poker player shown in televised tournaments with stacks of colorful chips. But the casually dressed gambler spotted on security cameras with wads of cash at the casino cage was hiding a secret life. And federal investigators say he was gambling with people’s lives. Hernandez, they say, […]
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QR codes could be a gateway to identification theft, FTC warns
Westend61 | Westend61 | Getty Photos You may well want to imagine 2 times ahead of scanning that QR code. The codes — a digital jumble of black and white squares, usually used for storing URLs — have turn out to be seemingly ubiquitous, observed on restaurant menus and in retail outlets, for instance. Even […]
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