Can you tell the difference between a $10,000 Chanel bag and a $200 knockoff? Almost nobody can, and it’s turning luxury fashion upside down.
Category: Frauds and Swindling
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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.
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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.
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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.
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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.
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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.