The department outlined several cases, including one in which the defendants were accused of using fraudulently obtained funds to solicit a murder.
Category: Frauds and Swindling
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Elizabeth Holmes Says She Can’t Afford $250 Payments to Theranos Victims
Elizabeth Holmes, the founder of a blood-testing company, was ordered to pay $250 a month to defrauded investors after her prison term. Her lawyers said she had “limited financial resources.”
-
Hospice Is a Profitable Business, but Nonprofits Mostly Do a Better Job
Nearly three-quarters of hospice organizations are now for-profit. Complaints of fraud and profiteering are growing.
-
S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators
The S.E.C. said the world’s largest cryptocurrency exchange mixed “billions of dollars” in customer funds and secretly sent them to a separate company controlled by Binance’s founder, Changpeng Zhao.