Shao took a novel approach to attracting an audience for its debut.
Category: Frauds and Swindling
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Bread, Water and Peanut Butter: Sam Bankman-Fried’s Life in Jail
Mr. Bankman-Fried, founder of the failed cryptocurrency exchange FTX, has protested his conditions at Brooklyn’s Metropolitan Detention Center as he awaits trial on fraud charges.
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Voice Deepfakes Are the Latest Threat to Your Bank Balance
Artificial intelligence tools have given scammers a potent weapon for trying to trick people into sending them money.
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Over 3,100 Charged With Pandemic Relief Fraud, Justice Department Says
The department outlined several cases, including one in which the defendants were accused of using fraudulently obtained funds to solicit a murder.
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Prosecutors Detail Evidence Against Sam Bankman-Fried
In a filing, prosecutors laid out the evidence they plan to use to convict the founder of the failed crypto exchange FTX, who faces trial in October.
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UBS to Pay $1.44 Billion to Settle Financial-Crisis Fraud Case
The settlement closes the chapter on the last investigation by a Justice Department task force on the role financial firms played in the collapse of the housing market in 2008.
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Sam Bankman-Fried to Be Sent to Jail After Judge Revokes Bail
Mr. Bankman-Fried had been under house arrest at his parents’ home as he awaited trial on charges stemming from the collapse of his cryptocurrency company, FTX.
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How to Catch Pandemic Fraud? Prosecutors Try Novel Methods.
Strained by limited resources, prosecutors are deploying special teams and nurturing local relationships to catch up to a wave of fraud.
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Man Is Sentenced in $9 Million Cow Manure Ponzi Scheme
Raymond Brewer defrauded investors by falsely telling them he was building machines that could convert cow manure into biogas, federal prosecutors said.
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Yellow Trucking Company May Be Headed Toward Bankruptcy
Three years after receiving a pandemic relief loan, the trucking company Yellow has repaid little of the money and is warning that it could soon run out of cash.
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Publishers Clearing House Settles ‘Dark Patterns’ Suit for $18.5 Million
The case comes less than a week after the Federal Trade Commission sued Amazon, which was accused of similar deceptive practices.