The tycoon often said the Adani Group’s goals were in lock step with India’s needs. Now, the company’s fortunes are crashing, a collapse whose pain will be felt across the country.
Category: Frauds and Swindling
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Gautam Adani’s Rise Was Intertwined With India’s. Now It’s Unraveling.
The New York Times – Business: -
U.S. Retirees Lost Millions to Romance Scams During Pandemic Isolation
The New York Times – Business:Con artists are using dating sites to prey on lonely people, particularly older ones, in a pattern that accelerated during the isolation of the pandemic, federal data show.
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Easy to Use, Mobile Payment Apps Are Also Easy to Misuse
The New York Times – Business:While they have taken steps to help prevent mishaps, a new report finds they offer few protections if, for instance, users accidentally send money to the wrong person.
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How Sites Like Tripadvisor and Yelp Are Fighting Fake Reviews
The New York Times – Travel:Third parties pay writers for posts praising or panning hotels, restaurants and other places they never visited. How review sites like Yelp and Tripadvisor are trying to stop the flood.
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The Unknown Hedge Fund That Got $400 Million From Sam Bankman-Fried
The New York Times – Business:After the collapse of FTX, prosecutors and lawyers have scrutinized its discredited founder’s huge investment in Modulo Capital.
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JPMorgan Paid $175 Million for a Business It Now Says Was a Scam
The New York Times – Business:Charlie Javice promised to simplify the college financial aid process. It was a compelling pitch. Especially, as now seems likely, to those with little firsthand knowledge of financial aid.
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The Costuming of George Santos
The New York Times – Fashion & Style:Throughout history, clothes have maketh the con man.
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Sam Bankman-Fried Makes First Detailed Response to Fraud Charges
The New York Times – Business:The disgraced founder of the crypto exchange FTX denied that he stole anyone’s money and said customers could still get their deposits back.
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With Many Retailers Offering Online Sales, Phony Sites Blend In
The New York Times – Business:Preying on shoppers strapped for cash and time, scammers are setting up fake sites that claim to have deep discounts on premium brands.
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Caroline Ellison Says She Is ‘Truly Sorry’ for Her Role in FTX Collapse
The New York Times – Business:Caroline Ellison of Alameda, a trading firm tied closely to FTX, admitted she participated in defrauding customers and misleading investors.