Letitia James has accused Gemini Trust, Genesis Global Capital and Digital Currency Group of misleading investors in a program promising low risk and high returns.
Category: Frauds and Swindling
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Top FTX Executive Says Sam Bankman-Fried Used Customer Money for ‘Excess’ Spending
Nishad Singh, testifying at Mr. Bankman-Fried’s fraud trial, said FTX customer deposits were used to buy luxury real estate and to pay athletes like Tom Brady and Steph Curry for endorsement deals.
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Florida Deputies Charged With Defrauding Covid Funds of Nearly $500,000
The 17 employees from the Broward Sheriff’s Office in Fort Lauderdale were accused, in separate cases, of falsifying paperwork to collect money from two relief programs.
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Sam Bankman-Fried’s Closest Friends Become His Foes in Courtroom Clash
The FTX founder’s criminal trial has made clear just how much his inner circle has turned against him.
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Caroline Ellison Says She and Sam Bankman-Fried Were ‘Dishonest’
In her second day testifying at the FTX founder’s trial, Ms. Ellison said she misled lenders at Mr. Bankman-Fried’s request.
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Caroline Ellison, Adviser to Sam Bankman-Fried, Says He ‘Directed’ Her to Commit Crimes
Ms. Ellison, who also dated Mr. Bankman-Fried, is the government’s star witness in the criminal fraud trial of the founder of the FTX crypto exchange.
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The Places That Sam Bankman-Fried Left Behind
Before his FTX crypto exchange imploded and he went on trial for fraud, Mr. Bankman-Fried ran a global business empire spanning Berkeley, Calif., Hong Kong and the Bahamas.
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Why Cashing Savings Bonds Has Become So Hard
Citing potential fraud, banks are making it increasingly difficult to pay out savings bonds. An unlikely beneficiary is the federal government.
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Gary Wang, a FTX Founder, Says Sam Bankman-Fried Steered Misuse of Funds
Mr. Wang is one of three key witnesses who pleaded guilty and agreed to cooperate against Mr. Bankman-Fried, the onetime crypto mogul on trial for fraud.
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New Details About FTX Emerge as Bankman-Fried’s Trial Begins
A new report about when employees discovered a secret link between the crypto exchange and a sister trading firm raises questions as witnesses started testifying.
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New Details of FTX’s Back Door Emerge as Bankman-Fried Trial Begins
A new report about when employees discovered a secret link between the crypto exchange and a sister trading firm raises questions as witnesses started testifying.
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‘Lied to the World’ or Acted in ‘Good Faith’: Sam Bankman-Fried’s Trial Opens
Prosecutors said the FTX founder had lied to customers. Defense lawyers said he had just been trying to prevent his cryptocurrency exchange from melting down.