Category: Frauds and Swindling

Bill Hwang, Whose Firm Archegos Collapsed in 2021, Is About to Go on Trial

The hedge fund is accused of borrowing money from banks to buy stocks.
How Scammers Are Stealing Money From Food Stamps Recipients

Thieves are using skimmers to drain millions in food stamps and other public benefits from the neediest Americans.
Auditor That Works for Trump Media Charged With Fraud

Regulators said BF Borgers failed to abide by accounting rules that its public company clients are required to follow.
Binance Founder Should Get Three Years in Prison, Prosecutors Say

Defense lawyers for Changpeng Zhao, the founder of the crypto exchange Binance, countered that he should receive no prison time.
How Scam Calls and Messages Took Over Our Everyday Lives

To own a computer or smartphone — indeed, to engage with the digital world to any degree — is to be a mark. You can try to block, encrypt and unsubscribe your way out of it, but you may not succeed.
Frederick Celani, Who Made a Career as a Con Man, Dies at 75

His frauds included a waterfront development in Buffalo, a civil rights law firm in California and a package delivery company in Springfield, Ill.
Start-Up Founder Sentenced to 18 Months in Prison for Fraud

Manish Lachwani, who founded the software start-up HeadSpin, is the latest tech entrepreneur to face time in prison in recent years.
Vietnamese Real Estate Tycoon Sentenced to Death in $12 Billion Fraud Case

Truong My Lan received the death penalty as Vietnam’s Communist Party cracks down on corruption in the fast-growing Southeast Asian economic hub.
The Best True Crime to Stream: Scams, Schemes and Costly Lies

Four picks across television, film and podcast that depict the art of the con.
2 Brothers in Trump Media Insider-Trading Scheme Plead Guilty

Michael and Gerald Shvartsman, who had originally pleaded not guilty to securities fraud charges, each pleaded guilty to one count of securities fraud.
Sam Bankman-Fried Sentenced to 25 Years in Prison

Mr. Bankman-Fried, who was convicted of stealing $8 billion from customers of his FTX cryptocurrency exchange, faced a maximum sentence of 110 years.
How Sam Bankman-Fried’s Sentence Compares With Other White-Collar Cases

Here’s how the former crypto mogul’s 25-year sentence stacks up against the prosecutions of Michael Milken, Bernie Madoff and others.