Category: Frauds and Swindling

4 People Accused of $13 Million in Pro Athlete Fraud Schemes

The New York Times – Sports:
Prosecutors said the people, including a former N.B.A. agent, took money from professional basketball players and spent it on luxury goods and home renovations.
Short Seller Accuses Jack Dorsey’s Block of Facilitating Fraud

The New York Times – Business:
Shares of the financial tech company plunged after Hindenburg Research said it had failed to stamp out illegal activity on its platforms, including drug sales and sex trafficking.
Wells Fargo’s Carrie Tolstedt Pleads Guilty and Faces Prison

The New York Times – Business:
Carrie L. Tolstedt, who ran the bank’s retail branches, faces up to 16 months in prison for obstructing a bank examination.
Check Fraud Is on the Rise. Here’s What You Can Do to Prevent It.

The New York Times – Business:
Even as fewer people use paper checks, there have been more reports of criminals stealing them from mailboxes and changing the dollar amount and name of the recipient, officials say.
A Tangled Tale of Gun Parts, Identity Theft and the Ease of Buy Now, Pay Later

The New York Times – Business:
Seung Song said his identity was stolen and used to buy $5,000 worth of gun components from an online dealer using a buy now, pay later service.
‘It’s Disgusting’: The Con Artists Who Exploit Mass Shootings

The New York Times – Business:
After a gunman killed three students at Michigan State University in February, unlicensed “Spartan Strong” merchandise appeared for sale online. Experts said it’s part of a familiar pattern.
Is It Fraud, or Is It ‘Puffery’?

The New York Times – Business:
Courts have given companies some leeway to make (perhaps overly optimistic) sweeping statements, a practice lawyers call “puffing.”
Is It Fraud, or Is It ‘Puffery’?

The New York Times – Business:
Courts have given companies some leeway to make (perhaps overly optimistic) sweeping statements, a practice lawyers call “puffing.”
Ozy Media’s Carlos Watson Arrested on Fraud Charges

The New York Times – Business:
Mr. Watson had founded the troubled digital-media start-up Ozy, which unraveled after The New York Times examined its business practices.
Judge Signals Jail Time if Bankman-Fried’s Internet Access Is Not Curbed

The New York Times – Business:
The defendant in a widespread cryptocurrency fraud case has been living in a “garden of electronic devices,” the judge says. Tighter restrictions are ahead.
As $1.6 Million in Rare Photos Vanished, the Excuses Piled Up

The New York Times – Business:
The F.B.I. says a gallery owner made up medical emergencies, including a double lung transplant and a coma, as part of a criminal scheme to swindle older collectors.
Why Adani’s $100 Billion Loss Hasn’t Tanked India’s Markets

The New York Times – Business:
The steadfastness of India’s economy attests to the size and seeming strength of the country’s broader business landscape.