The FTX founder wrote hundreds of pages of reflections and self-justifications, shedding light on how he may defend himself at his criminal trial next month.
Category: Frauds and Swindling
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I.R.S. Freezes Pandemic-Era Tax Credit Amid Fraud Fears
The tax agency is ramping up audits and criminal investigations into unscrupulous promoters of the Employee Retention Credit.
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Pandemic Fraud May Have Robbed Unemployment Insurance of $135 Billion
As much as 15 percent in unemployment benefits paid during the pandemic could have been fraudulently obtained, according to a Government Accountability Office report.
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A Fashion Show at Anna Delvey’s House? Is That What It Takes?
Shao took a novel approach to attracting an audience for its debut.
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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.