Fraud and false statements
FTX founder Sam Bankman-Fried nevertheless faces campaign finance rates, prosecutors say
Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York Town, July 26, 2023. Amr Alfiky | Reuters Campaign finance costs against Sam Bankman-Fried are still on the desk and will be integrated in an indictment future 7 days towards the founder of failed crypto trade FTX, prosecutors explained in a […]
Read More
Softbank sues social media startup it invested in, alleging it faked person quantities
In the course of a latest earnings presentation, SoftBank Founder Masayoshi Son (pictured in this article in 2019) reported the firm will go into “protection” mode as a result of myriad headwinds that have roiled international markets. Tomohiro Ohsumi | Getty Photos Softbank’s Vision Fund filed suit versus the founders of 1 of its portfolio […]
Read More
Mozambique ex-finance minister denied bail in New York over $2 billion ‘tuna bond’ scandal
Mozambique’s former finance minister, Manuel Chang (pictured right here in 2019), has been deemed a flight risk. Wikus De Damp | Afp | Getty Photos A U.S. federal decide ruled that Mozambique’s former finance minister, Manuel Chang, need to stay driving bars when awaiting trial for fraud in the notorious “tuna bond” scandal which served […]
Read More
Rep. George Santos’ thriller bail backers uncovered to be his father and aunt
The top secret identities of Republican Rep. George Santos’ bail backers in his federal legal scenario were being revealed to be users of his household, a court filing confirmed Thursday. Gercino dos Santos, the congressman’s father, and Elma Preven, his aunt, had assured the $500,000 bond that authorized the scandal-plagued Property freshman to stroll free […]
Read More
Singapore’s Temasek cuts payment for employees responsible for FTX investment decision
Bryan van der Beek | Bloomberg | Getty Illustrations or photos Singapore point out investor Temasek Holdings said on Monday it had cut compensation for the group that encouraged its investment in the now-bankrupt FTX cryptocurrency trade, as well as for its senior management crew. The shift will come all around 6 months after Temasek initiated an internal review of its investment in FTX, which resulted in a writedown of $275 […]
Read More
That simple ‘hi’ text from a stranger could be the start of a scam that ends up costing you millions
Halfpoint | Istock | Getty Images The road to Kaimi’s ruin started in December, with an Instagram message about a Japanese monkey from a handsome stranger who called himself Mike. Over the coming months “Mike” and Kaimi would develop a friendship that quickly evolved into a romance. Kaimi had no idea he had become ensnared […]
Read More
Apple worker who defrauded business of millions sentenced to 3 yrs in prison
CFOTO | Potential Publishing | Getty Illustrations or photos A former Apple employee who swindled the business out of extra than $17 million with a plan that double-billed for parts was sentenced to 3 decades in federal prison and pay back approximately $33 million, prosecutors mentioned. Dhirendra Prasad pleaded responsible to conspiracy to dedicate fraud and conspiracy to […]
Read More
Inside the mind of criminals: How to brazenly steal $100 billion from Medicare and Medicaid
A nondescript suite of offices in a bland building tucked in a quiet Miami suburb seemed as good a place as any for a medical supply company to rent some office space. But this company rented space two floors above a regional office of the U.S. Department of Health and Human Services’ criminal investigative unit. […]
Read More
Supreme Courtroom regulations 9- that bankruptcy filers won’t be able to avoid financial debt incurred by another’s fraud
The Supreme Courtroom in a unanimous selection Wednesday ruled that a girl could not use safety under the U.S. bankruptcy code to steer clear of paying out a debt that resulted from fraud by her partner. The courtroom mentioned that the girl, Kate Bartenwerfer, owed the credit card debt even if she did not know […]
Read More
New York AG will find sanctions on Trump, attorneys more than ‘false’ court docket filings in fraud go well with
Former US President Donald Trump addresses the crowd during a 2024 election marketing campaign event in Columbia, South Carolina, on January 28, 2023. Logan Cyrus | AFP | Getty Photographs The New York legal professional general’s business on Tuesday stated it will request a decide to impose sanctions on previous President Donald Trump and his […]
Read More