China’s securities regulator fined the developer’s founder, Hui Ka Yan, and banned him from participating in the country’s financial markets for life.
Category: Frauds and Swindling
-
Prosecutors Say Sam Bankman-Fried Should Get 40 to 50 Years in Jail
Mr. Bankman-Fried, who was convicted of seven counts of fraud and conspiracy, faces a maximum penalty of 110 years.
-
Strategic Financial Solutions, Facing Fraud Charges, Is Blocked From Operating
Strategic Financial Solutions is accused of fraud in a lawsuit by federal and state prosecutors.
-
Wayne LaPierre: Dapper as Charged
His financial misdeeds may have led to conviction, but his extravagant sartorial tastes proved little help to the former NRA chief’s case.
-
Scammed Out of $3,100 on a Booking.com Rental: Tripped Up
Following instructions she thought came from Booking.com, a woman wired payment for her planned eight-day stay to a bank account in Bilbao, Spain. It was a scam. She blames the company, but does she also bear some responsibility?
-
The $50K Scam: F.T.C., C.I.A. and Amazon Weigh In on NY Magazine’s Charlotte Cowles
New York Magazine’s money columnist wrote about being conned out of $50,000 by crooks pretending to be from Amazon and government agencies. We asked the company and agencies for comment.
-
Staggering Rise in Catheter Bills Suggests Medicare Scam
Seven medical supply companies made suspicious claims involving thousands of Medicare beneficiaries, an advocacy group found.
-
Samsung’s Lee Jae-yong Acquitted in Stock, Accounting Fraud Case
Lee Jae-yong’s case had raised questions about the immense power that chaebol leaders wield and the legal system holding them to account in South Korea.
-
Citi Is Sued by New York State Over Account Transfer Fraud
New York’s attorney general said the bank failed to protect its customers from hackers who, in some cases, stole their life savings and college funds.
-
Pastor Charged With Cryptocurrency Fraud Said God Told Him to Do It
In a civil action, prosecutors in Colorado said that a Denver pastor and his wife created and sold a cryptocurrency that was “practically worthless” and then pocketed more than $1 million.