Category: Frauds and Swindling

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.
The Government’s Struggles With Outsourcing Software Development

The bloated cost of the ArriveCAN app and new investigations into possible fraud have highlighted some problems with turning to outside companies.
I.R.S. Stepping Up Efforts to Squash Fraud in Tax Credit Program

The Employee Retention Tax Credit continues to be ripe for abuse as Congress mulls shutting the program down.
A Mexican Drug Cartel Targets Retirees and Their Timeshares

One of Mexico’s most powerful criminal groups, Jalisco New Generation, runs call centers that offer to buy retirees’ vacation properties. Then, they empty their victims’ bank accounts.