Category: Frauds and Swindling

Former Chinese Billionaire and Bannon Associate Is Sentenced for Fraud

The New York Times – Business:
The businessman courted U.S. conservatives as an anti-Communist crusader while using his supporters’ money to buy lavish homes and a Bugatti supercar.
Still Sending Checks in the Mail? Stop, Experts Say

The New York Times – Business:
If you must, keep an eye on your account statements, experts say. Thieves steal checks from mailboxes, then alter the checks with fraudulent names.
Ferraris and Shell Companies: Five Charged in Medicare Fraud Schemes

The New York Times – Business:
The Justice Department is taking aim at pricey “skin substitutes,” an overused wound care treatment that cost the government $10 billion in 2024.
2 Minnesota Autism Therapy Providers to Be Charged in $46 Million Medicaid Fraud Case

The New York Times – Business:
The Justice Department claims that clinics used fake diagnoses and kickbacks to parents to bring children into treatment.
Federal Prosecutors Move to Drop Bribery Case Against Indian Magnate

The New York Times – Business:
Gautam Adani had been accused of lying to American investors about payoffs in India. The end of the case came as President Trump has signaled a transactional approach to justice.
Trump Administration Will Withhold $1.3 Billion in Medicaid Payments to California

The New York Times – Business:
Vice President JD Vance said the state had not done enough to fight fraud in the public health insurance program.
In Wine Country, Sales Are Down and Fraud is Rampant

The New York Times – Business:
The industry’s murky supply chain has long attracted scammers and con artists. In the words of one expert, “Wine and fraud go hand in hand.”
Polymarket Bets on Paris Temperature Prompt Investigation After Unusual Spikes

The New York Times – Business:
The authorities said a Paris airport weather sensor may have been tampered with as large wagers were placed on the betting site.
Crypto Entrepreneur Justin Sun Sues Trump Family’s World Liberty Financial, Accusing It of Fraud

The New York Times – Business:
Justin Sun, one of the largest backers of World Liberty Financial, sued the Trump family’s crypto start-up, accusing it of a fraudulent scheme to pressure him into buying digital coins.
Humans Who Used a Bear Suit to Defraud Car Insurers Sentenced to Jail

The New York Times – Business:
The California residents collected more than $141,000 in insurance payouts after staging bear attacks on their luxury cars, state officials said.
The ‘Annoyance Economy’ Is More Than Just Annoying

The New York Times – Business:
A new estimate puts the cost of dealing with robocalls, hidden fees and customer service chatbots that can’t solve most problems at $165 billion.
‘Definitely a Sham’: As Tariffs Climb, Trade Fraud and Accounting Tricks Proliferate

The New York Times – Business:
U.S. imports from China have shrunk drastically. But billions of dollars of the change appear to be the result of accounting gimmicks and outright fraud.