Securities fraud
Theranos founder Elizabeth Holmes loses bid to have appeal of fraud conviction reheard
Theranos founder Elizabeth Holmes arrives to begin serving her prison sentence for defrauding investors in the failed blood-testing startup, at the Federal Prison Camp in Bryan, Texas, May 30, 2023. Go Nakamura | Reuters Former Theranos CEO Elizabeth Holmes on Thursday lost her bid to have an appeal of her 2022 fraud conviction reheard. The […]
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Man accused of stealing from Homeland Sec. Noem hit with federal charges in three robberies
Kristi Noem, Homeland Security Secretary, during a meeting with US President Donald Trump and Nayib Bukele, El Salvador’s president, in the Oval Office of the White House in Washington, DC, US, on Monday, April 14, 2025. Al Drago | The Washington Post | Getty Images A man accused of stealing the purse of Homeland Security […]
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Former Rep. George Santos set for sentencing in New York federal fraud case
George Santos, who was expelled from the U.S. House of Representatives, arrives for the sentencing in his criminal corruption charges at Central Islip Federal Courthouse in Central Islip, New York, U.S., April 25, 2025. Shannon Stapleton | Reuters Former Rep. George Santos, whose web of lies about his life led to the New York Republican’s […]
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JPMorgan Chase sues more customers who allegedly stole cash in ‘infinite money glitch’
A person uses an ATM at a Chase bank in New York City on November 19, 2024. Charly Triballeau | AFP | Getty Images JPMorgan Chase this week began suing more customers it has accused of stealing funds from the nation’s largest bank in last year’s so-called “infinite money glitch.” The bank is now going […]
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Trump commutes sentences of Ozy Media founder Carlos Watson and company
Carlos Watson, co-founder of Ozy Media, speaks with press after his sentencing hearing at Brooklyn Federal Court on December 16, 2024 in New York City. Michael M. Santiago | Getty Images President Donald Trump commuted the criminal fraud sentence of Ozy Media founder Carlos Watson on Friday, just as Watson was due to begin serving […]
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Americans lost $5.7 billion to investment scams in 2024, FTC says. Here’s how to protect yourself
Key Points Americans reported losing $5.7 billion to investment scams in 2024, according to the Federal Trade Commission. The typical victim lost more than $9,000 on average. “Pig-butchering scams” are a common investment fraud whereby scammers develop a relationship with victims, entice them to invest money and then swindle them. There are three common signs […]
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It’s ‘never been easier’ to become an online scammer as cybercrime markets flourish, security experts warn
“Looking back to the 1990s and early 2000s, you needed to have a reasonable level of technical competence to pull off these types of crimes,” Nicholas Court, assistant director of Interpol’s Financial Crime and Anti-Corruption Centre, told CNBC. Imaginima | E+ | Getty Images An expanding network of cybercrime marketplaces is making it easier than […]
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Malaysia will take ‘necessary action’ if its companies are involved in Nvidia fraud case: Trade minister
Nvidia’s headquarters on Feb. 26, 2025, in Santa Clara, California. Justin Sullivan | Getty Images Malaysia said it will take “necessary action” against Malaysian companies if they are found to be involved in a fraud case linked to the alleged movement of Nvidia chips from Singapore to China. That comes after Singapore Law and Home […]
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DOJ offers new Eric Adams case dismissal justification ahead of key hearing
NYC Mayor Eric Adams speaks during a press conference with NYPD Commissioner Jessica Tisch at Bellevue Hospital Center on Feb. 18, 2025 in New York City. Michael M. Santiago | Getty Images A top Department of Justice official on Wednesday offered a new rationale for the DOJ’s controversial decision to ask a federal judge to […]
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Judge orders Mayor Eric Adams, DOJ lawyers to appear in court to explain case dismissal request
New York City Mayor Eric Adams speaks with members of the media as he arrives for an Adult Town Hall at Sunnyside Community Services Older Adult Center on Feb. 12, 2025 in the Queens borough of New York City. Michael M. Santiago | Getty Images A federal judge ordered embattled New York Mayor Eric Adams, […]
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