Category: Frauds and Swindling

‘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.
Gautam Adani’s Rise Was Intertwined With India’s. Now It’s Unraveling.

The New York Times – Business:
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.
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.
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.
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.
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.