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.
Category: Frauds and Swindling
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Crypto Entrepreneur Justin Sun Sues Trump Family’s World Liberty Financial, Accusing It of Fraud
The New York Times – Business: -
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.
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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.
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‘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.
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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.
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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.
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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.
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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.
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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.
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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.
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How to Prevent Aging Parents and Relatives from Making Financial Mistakes
Getting family members to listen to you when you think they are headed down a dangerous financial path can be difficult. But there are preventive steps you can take.