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.
Category: Frauds and Swindling
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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.
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Former Audi Chief to Plead Guilty in Emissions Scandal
Rupert Stadler, a former member of Volkswagen’s management board, would be the highest-ranking executive to confess wrongdoing in a case that rocked the industry.
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F.B.I. Searches Home of Top FTX Executive
Ryan Salame, a former top FTX executive and a prolific Republican donor, faces mounting legal pressure for his role in Sam Bankman-Fried’s business empire.
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The End of Faking It in Silicon Valley
Recent charges, convictions and sentences all indicate that the start-up world’s habit of playing fast and loose with the truth actually has consequences.
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S.E.C. Charges Frank Founder Charlie Javice for Defrauding JPMorgan Chase
Charlie Javice, the 31-year-old founder of Frank, a college financial planning company, was sued by JPMorgan Chase for falsifying customer data.
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Prosecutors Raid France’s Biggest Banks in Tax Fraud Sweep
The New York Times – Business:The raids were part of a widening investigation spanning four continents and involving dozens of banks in an alleged scheme to avoid paying taxes.
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What It’s Like to Become a Caregiver to Your Parents in Your 20s
The New York Times – Business:Many adult children end up caring for their parents late in life. But when the role reversal happens in their 20s and 30s, the burden can feel too much to bear.