The chief executive of Tesla testified in a federal civil trial about a 2018 plan to take the automaker private that fizzled out.
Category: Frauds and Swindling
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The Costuming of George Santos
Throughout history, clothes have maketh the con man.
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Sam Bankman-Fried Makes First Detailed Response to Fraud Charges
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
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
Caroline Ellison of Alameda, a trading firm tied closely to FTX, admitted she participated in defrauding customers and misleading investors.
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Alameda Executive Says She Is ‘Truly Sorry’ for Her Role in FTX Collapse
Caroline Ellison of Alameda, a trading firm tied closely to FTX, admitted she participated in defrauding customers and misleading investors.
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FTX Co-Founder Sam Bankman-Fried to Be Released on $250 Million Bond
The disgraced cryptocurrency executive appeared in court in Manhattan after his extradition from the Bahamas last night. He was granted bail and will live with his parents in California.
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Two Executives in Sam Bankman-Fried’s Crypto Empire Plead Guilty to Fraud
Caroline Ellison, the former chief executive of Alameda Research, and Gary Wang, a founder of FTX, are cooperating in the federal criminal case against Mr. Bankman-Fried.
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FTX Victims Face a Tough Road Getting Their Money Back
The bankrupt crypto exchange owes billions to a long line of creditors. Getting their money back could prove difficult, given the unique nature of cryptocurrency assets.
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The Week in Business: The FTX Founder’s Rapid Fall
Elon Musk suspends several journalists’ Twitter accounts, then reinstates them. The Fed is continuing to raise interest rates. And inflation is affecting the mind-set of holiday shoppers.
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A Traditional Exchange? FTX Was Anything But.
FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued.