Category: Frauds and Swindling

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.
Prosecutors Raid France’s Biggest Banks in Tax Fraud Sweep

The raids were part of a widening investigation spanning four continents and involving dozens of banks in an alleged scheme to avoid paying taxes.
What It’s Like to Become a Caregiver to Your Parents in Your 20s

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

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

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

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.

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

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

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’?

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’?

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

Mr. Watson had founded the troubled digital-media start-up Ozy, which unraveled after The New York Times examined its business practices.