Category: Frauds and Swindling

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.
China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion

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.
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.
How Fraudsters Break Into Social Security Accounts and Steal Benefits

Thousands of people receiving Social Security benefits have had their money diverted into criminal accounts. Here’s what to know.
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.
Sam Bankman-Fried Seeks Lenient Sentence and to Appeal Conviction

Since the disgraced cryptocurrency mogul was convicted of fraud last year, his supporters have maneuvered to secure a lenient sentence and change the public narrative about his case.
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.