News Around the Globe
By Zilber JPMorgan Chase is seeking to get out of its legal obligation to pay a staggering $115 million in attorney fees racked up by two former business partners who …
Read More
By Zilber Federal prosecutors are demanding a 12-year prison sentence for Charlie Javice, the once-celebrated fintech entrepreneur who was convicted of defrauding JPMorgan Chase out of $175 million. In a …
Read More
By Zilber Tim Leissner, the former Goldman Sachs banker who played a central role in the infamous 1MDB scandal, was sentenced to two years in prison for helping orchestrate one …
Read More
By Elisa Alex Mashinsky, the founder and former chief executive of bankruptcy cryptocurrency lender Celsius Network, was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud …
Read More
By Elisa Nigeria’s anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of …
Read More
By Elisa Former cryptocurrency executive Gary Wang, who wrote the computer code that helped FTX founder Sam Bankman-Fried steal about $8 billion from customers of the now-bankrupt exchange, was spared prison time …
Read More
By Elisa Ozy Media and founder Carlos Watson were convicted of fraud by a Brooklyn federal jury on Tuesday, in a case accusing them of lying to investors about the now-defunct startup’s finances and sham deals …
Read More
By Elisa The Justice Department has criminally charged 193 people, including 76 doctors, nurses and other medical professionals, with participating in health care fraud schemes worth $2.75 billion, the agency said Thursday. The two-week …
Read More By Elisa US authorities charged two Chinese nationals in a cryptocurrency scam that laundered at least $73 million from defrauded victims, the Justice Department said Friday. US officials arrested Yicheng …
Read More By Elisa Two brothers who studied at the Massachusetts Institute of Technology were arrested on Wednesday on US charges that they carried out a cutting-edge scheme to exploit the Ethereum …
Read More
By Elisa Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh city in southern Vietnam in the country’s largest financial fraud case ever, …
Read More
By Elisa Mike Lynch, the wealthy tech founder once hailed as Britain’s answer to Steve Jobs, will testify at his US trial to defend himself against charges he defrauded Hewlett-Packard …
Read More By Zilber The founders of a cryptocurrency once touted by Barstool Sports founder Dave Portnoy have been accused of defrauding investors and using their money to buy real estate and …
Read More
By Thaler Bankrupt crypto exchange FTX sued its jailed founder Sam Bankman-Fried’s parents for “millions of dollars in fraudulently transferred and misappropriated funds.” FTX’s debtors claimed in a lawsuit filed …
Read More By Barrabi The 31-year-old founder of a college financial aid startup called Frank got slapped with criminal fraud charges on Tuesday on allegations that she used fake customer data to …
Read More
By Barrabi Do Kwon, the fallen crypto kingpin who oversaw the catastrophic $40 billion collapse of two digital currencies last year, was arrested in Montenegro on Thursday and slapped with …
Read More
By Zilber Sam Bankman-Fried is battling to keep a $450 million stake in retail stock Robinhood that FTX’s new boss is trying to claw back from the indicted crypto huckster, …
Read More
By Zilber Elizabeth Holmes, the disgraced Theranos founder who was once compared to Steve Jobs before she was convicted of defrauding investors who backed the now-defunct blood-testing company, was sentenced …
Read More
By Mcenery The feds slapped ex-Wells Fargo chief John Stumpf and the bank’s former community banking head Carrie Tolstedt with fresh civil charges and fines over their roles in the …
Read More
By Salo A blowhard rapper has been busted in Los Angeles after rapping in a music video about “getting rich” by fraudulently obtaining COVID-19 unemployment benefits, federal prosecutors said. Fontrell …
Read More