The food in your kitchen cabinets may not be what it seems. “I guarantee you any time a product can be passed off as something more expensive, it will be. It’s that simple,” Larry Ol...
Tag: Fraud and false statements
SEC charges Genesis and Gemini with selling unregistered securities
The Securities and Exchange Commission on Thursday charged crypto firms Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors....
Sam Bankman-Fried pleads not guilty as FTX task force created
The Manhattan U.S. Attorney’s Office said Tuesday it had created an FTX Task Force to trace and recover assets of victims of the cryptocurrency exchange firm’s collapse and to handle inves...
Bankman-Fried will sit in Bahamas prison until Feb. 8, 2023: Photos
TOPSHOT – FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. – Disgraced cryptocurrency tycoon ...
Why you’ve been getting so much Gmail spam about Yeti coolers
The Yeti logo is seen on a cooler for sale at the company’s flagship store in Austin, Texas. Sergio Flores | Bloomberg | Getty Images Over the past few months, Americans have been receiving emai...
Kim Kardashian, Floyd Mayweather crypto scam lawsuit dismissed
Kim Kardashian attends the CFDA Fashion Awards in Manhattan, New York City, November 7, 2022. Andrew Kelly | Reuters A federal judge on Wednesday dismissed a proposed class action lawsuit by investors...
Trump Organization, owned by Donald Trump, convicted in tax fraud case
Two subsidiaries of the Trump Organization were convicted Tuesday by a jury in New York City of multiple crimes, including tax fraud, falsifying business records and conspiracy. The guilty verdicts on...
Sam Bankman-Fried tries to broker FTX bailout from his Bahamas home
Sam Bankman-Fried, CEO and Founder of FTX, walks near the U.S. Capitol, in Washington, D.C., September 15, 2022. Graeme Sloan | Sipa via AP Images Nassau, Bahamas — Despite being pushed out of the cry...
Charlie Munger says crypto is a bad combo of fraud and delusion — ‘good for kidnappers’
Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022. CNBC Berkshire Hathaway Vice Chairman Charlie Munger, a longtime cryptocurrency skeptic, said digital currencies are a malici...
FTX says could have over 1 million creditors in new bankruptcy filing
FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonatha...
Former MoviePass CEO charged in alleged fraud scheme
Sopa Images | Lightrocket | Getty Images Former executives at MoviePass and its parent company have been charged with fraud, according to a federal indictment that was unsealed Friday. Theodore Farnsw...
Fake billionaire Justin Costello co-defendant settles SEC complaint
Zoom In IconArrows pointing outwards FBI Poster for Justin Costello FBI The Securities and Exchange Commission has agreed to settle a civil lawsuit against a man accused of five separate penny stock p...
Here’s what the Wells Fargo cross selling scandal means for the bank
Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...
Nikola NKLA founder Trevor Milton found guilty of fraud
Trevor Milton CEO of Nikola Massimo Pinca | Reuters Trevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court Friday of three of fo...
FBI found gold, cash on fake billionaire fugitive Justin Costello
Prosecutors on Tuesday asked a California federal judge to jail without bail a recent fugitive accused of a brazen $35 million fraud that involved him falsely telling investors he was a billionaire, a...
$100 million NJ deli case: Defendants plead not guilty
Your Hometown Deli in Paulsboro, N.J. Google Earth CAMDEN, N.J. – Two men charged in an alleged stock-manipulation scheme involving a small-town New Jersey deli pleaded not guilty Tuesday morning. Pet...
Nikola founder Trevor Milton stands trial on fraud charges
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy ...
Trump PAC paid lawyers almost $1 million amid Georgia, New York probes
Former President Donald Trump‘s political action committee, Save America, paid nearly $1 million to civil and criminal defense attorneys in July alone as investigations into him and the Trump Or...
Coinbase blasts SEC over insider trading case
Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Coinbase pushed back on claims f...
Sepp Blatter and Michel Platini cleared of corruption charges
Sepp Blatter and Michel Platini photographed on May 29, 2015. The two were once among the most powerful figures in world football. Michael Buholzer | AFP | Getty Images Former FIFA president Sepp Blat...
SEC issues investor protection rule charges. How to find a good advisor
Finding a broker or financial advisor you can trust may, at times, seem a daunting task. That’s especially true when investors see sensational stories of brokers fleeing the police in an underwa...
Judge dismisses Trump lawsuit against New York Attorney General James
Former U.S. President Donald Trump looks on during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedmin...
Martin Shkreli released from federal prison into halfway house
Former pharmaceutical executive Martin Shkreli departs the U.S. District Court for the Eastern District of New York, August 3, 2017 in the Brooklyn borough of New York City. Getty Images Notorious ...
Crypto exchange Binance wins regulatory approval in France
Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called “Web3” start-ups. Benjamin Girette | Bloomberg | G...
Trump Organization, presidential inaugural committee settle DC lawsuit
President Donald Trump and First Lady Melania Trump dance at the Freedom Ball on January 20, 2017 in Washington, D.C. Getty Images Former President Donald Trump‘s 2017 inaugural committee and hi...
Fraud prevention start-up Seon raises funds to fight sanctions evasion
Fintechs have come under increased pressure to address Russian sanctions evasion, particularly amid concerns that their controls may be more lax than that of banks. Kirill Kudryavtsev | Afp | Getty Im...
Manhattan DA says Trump criminal investigation continues
Former U.S. President Donald Trump speaks during a rally at Florence Regional Airport in Florence, South Carolina, U.S., March 12, 2022. Randall Hill | Reuters The Manhattan district attorney, in an ...