Fraud - Page 3

FTX founder Sam Bankman-Fried has been accused of taking more than $2 billion in “loans and payments” from the firm during his time as CEO. Democrat megadonor SBF faces allegations of committing massive fraud using his cryptocurrency exchange and trading firm.

A woman who once worked at a VA hospital was sentenced to 70 months in prison for using stolen information to commit over $250,000 in fraud.

The U.S. Department of Justice announced the arrest on Wednesday of flamboyant Chinese billionaire Ho Wan Kwok — known by multiple aliases including Miles Kwok, Miles Guo, and Guo Wengui — on charges of allegedly orchestrating a “sprawling and complex” fraud scheme that enriched him and an associate to the tune of over $1 billion.

A Turkish national with an unenforced deportation order has been convicted for the 32nd time and sentenced to six months.

President Joe Biden is requesting $1.6 billion to target fraud related to coronavirus aid, the White House announced this week. 

Pope Francis has abolished housing discounts for cardinals, bishops, and other Vatican officials, citing a need to increase “revenues from the management of real estate assets.”

Carlos Watson, the CEO of the left-wing Ozy Media, was arrested for securities fraud Thursday morning.

Former FTX CEO Sam Bankman-Fried has reportedly been pulled back to court over his recent use of a VPN to conceal his internet activity, potentially violating court orders. SBF’s lawyers claim he only used the encrypted internet connection to watch NFL games including the Super Bowl.

On Thursday’s broadcast of the Fox News Channel’s “Your World,” House Ways and Means Committee Chairman Rep. Jason Smith (R-MO) criticized the Department of Justice for refusing to participate in the Ways and Means Committee’s hearing into the COVID relief

On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher stated that he doesn’t “trust the government at this point” after the massive amount of coronavirus relief fraud and he doesn’t trust the Inflation Reduction Act due to what a

The State of California is attempting to blame former President Donald Trump for the fact that fraudsters stole $30 billion in coronavirus relief payments from the state’s Employment Development Department (EDD).

On Wednesday’s broadcast of the Fox News Channel’s “Ingraham Angle,” House Oversight Committee Chairman Rep. James Comer (R-KY) predicted that the amount of coronavirus relief that was stolen “will exceed 20%” of the aid and total over a trillion dollars.

Prosecutors say disgraced Silicon Valley star and Theranos CEO Elizabeth Holmes is living in a $13,000-per-month estate and showing “no remorse” after being sentenced to more than 11 years in prison for deceiving investors in the failed startup that promised to revolutionize blood testing.

Tesla CEO and new Twitter owner Elon Musk attempted to downplay the impact of his Twitter account during a fraud trial related to his infamous 2018 “funding secured” tweet. Musk told the jury, “Just because I tweet about something doesn’t mean people believe it or will act accordingly.”

The State of California is warning residents who may have received a tax “refund” in the form of a bank card to withdraw their funds as soon as possible because thieves are targeting the refunds in fraud scams.

Former President Donald Trump’s company was hit with a $1.6 million fine on Friday for a scheme in which his top executives were found to have dodged personal income taxes on job emoluments.

PRAGUE (AP) – Populist billionaire Andrej Babis leads a field of eight candidates hoping to succeed Milos Zeman in the largely ceremonial but prestigious post of the Czech president.

A woman was sentenced Friday to three years in New Jersey State Prison for her part in a well-known $400,000 GoFundMe scam that defrauded more than 14,000 people.

An illegal alien defrauded pedestrians of at least $80,000 over the last year by playing a violin outside stores and claiming to be collecting money for his sick child, the Palm Beach County, Florida Sheriff’s Office alleges.

On Tuesday’s broadcast of Newsmax TV’s “The Record,” House Oversight Committee member Rep. James Comer (R-KY) stated that looking at the money spent under the coronavirus relief packages and looking into the large amounts of fraud in unemployment insurance and

A Florida pastor and his son are accused of fraudulently obtaining over $8 million in federal coronavirus relief funds for their family-run Christian ministry.

A New Jersey man who defrauded several women by making false romantic promises through telephone dating services, and escaped federal custody in July 2020, was sentenced to five and a half years in prison Wednesday.

Disgraced Theranos COO Ramesh “Sunny” Balwani was sentenced to nearly 13 years in prison on Wednesday for fraud following the blood-testing startup’s implosion. Balwani and his girlfriend Elizabeth Holmes were found guilty of defrauding investors with claims if miracle blood test technology that never worked.

A congressional report has found that obscure financial technology companies “with little to no oversight from lenders” have fueled rampant Paycheck Protection Program (PPP) fraud. The report estimates a total fraud of about $64 billion, with fintechs contributing significantly to that total.

A former Chicago Transit Authority (CTA) employee has been accused of stealing thousands of dollars from the agency’s retirement fund.

Migrants in the Swedish region of Skåne have allegedly been offered to fake jobs contracts to legally obtain a residency permit.

An investigation from a British newspaper has found the government has wasted at least £14 billion on frivolous expenditures.

A BLM activist in Bristol has been charged with fraud in connection to allegedly missing money from a fundraising page for statue protesters.

CLEVELAND (AP) — Two men accused of stuffing five walleye with lead weights and fish fillets during a lucrative fishing tournament on Lake Erie pleaded not guilty to cheating and other charges on Wednesday.

A woman was arrested after allegedly failing to scan all her items at a Walmart self-checkout in northern Michigan.

Twelve people, allegedly members of two illegal immigration networks, have been arrested by French police.

Police in Uttar Pradesh, India, recently announced the arrests of 15 people related to a scam operation, allegedly run by a Chinese citizen, that used data pilfered from old memory cards and circuit boards to scam Indians into fake business “investments” and loans, India’s Times Now News reported on Tuesday.

Three U.S. Postal Service Workers and another individual were recently arrested for allegedly participating in a $1.3 million fraud and identity theft scheme.

Forty-seven individuals, primarily in Minneapolis, Minnesota’s large Somali community, have been charged for their roles in allegedly stealing $250 million in COVID-19 federal funds meant for a child nutrition program.

Fraudsters may have gotten away with tens of billions of dollars from the U.S. Department of Labor by filing claims in multiple states and using the social security numbers of dead people as aid was distributed during the coronavirus pandemic, a federal watchdog claimed Thursday.

Forty-seven people were charged in Minnesota on Tuesday with conspiracy and other counts in what Federal authorities allege is the largest fraud scheme yet to take advantage of $1.9 trillion in taxpayer funds released by the Biden administration during the coronavirus pandemic.