His frauds included a waterfront development in Buffalo, a civil rights law firm in California and a package delivery company in Springfield, Ill.
Category: Frauds and Swindling
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.