Category: Frauds and Swindling

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.
Trump Vowed to Crack Down on Fraudsters, but He’s Pardoned Dozens

The New York Times – Business:
Across both of his terms, President Trump has granted clemency to more than 70 allies, donors and others convicted in fraud cases.
Weighing the Costs of Corporate Silence

The New York Times – Business:
The days of the quarterly earnings report could be numbered as the Securities and Exchange Commission is said to weigh a rule change. What it could mean for investors is likely to stir debate.
How Recovery Scams Retarget Victims of Fraud

The New York Times – Business:
Many cybercrime victims are retargeted by online scammers posing as lawyers or other professionals who promise they can recover stolen money.
Banks Are Becoming Bulwarks for Vulnerable Seniors

The New York Times – Business:
Older Americans are losing billions of dollars annually to financial exploitation. Banks and investment firms are training employees to spot red flags and stop the transactions.
Trump Officials Seek to ‘Reimagine’ Unemployment Benefits, Targeting Fraud

The New York Times – Business:
Federal officials are subjecting some states to higher scrutiny in an antifraud campaign, as the president rails against California and states led by Democrats.
Founder of First Brands, Whose Bankruptcy Spooked Wall Street, Is Indicted on Fraud

Patrick James, who was earlier ousted from the beleaguered auto-parts maker, is accused by federal prosecutors of faking invoices and lying about hidden debt for years.