Raymond Brewer defrauded investors by falsely telling them he was building machines that could convert cow manure into biogas, federal prosecutors said.
Category: Frauds and Swindling
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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.
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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.”
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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.
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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.
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Elizabeth Holmes Set to Report to Prison Tuesday in Texas
The disgraced founder of the blood testing start-up Theranos, who was convicted of fraud, is expected to report to a minimum-security prison in Texas.
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How the Employee Retention Tax Credit Became a Magnet for Fraud
The Employee Retention Credit has spawned a cottage industry of firms claiming to help businesses access stimulus funds, often in violation of federal rules.
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Elizabeth Holmes Must Report to Prison on May 30
The Theranos founder, who was convicted last year of defrauding investors, lost her bid to remain free on bail while she appeals her conviction.
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Sam Bankman-Fried, in First Detailed Defense, Seeks to Dismiss Charges
The FTX founder, who has been charged with fraud, said the crypto exchange and its law firm had been acting against him and offering only the most incriminating evidence to prosecutors.