Markus Braun, the founder of the financial technology firm that lost billions, is facing fraud charges with two others.
Category: Frauds and Swindling
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Ramesh Balwani, No. 2 Theranos Executive, Is Sentenced for Fraud
The New York Times – Business:Ramesh Balwani, the former chief operating officer of the failed blood testing start-up, was convicted of 12 counts of fraud in July.
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Two Fintech Companies Fueled Extensive PPP Loan Fraud, House Report Finds
The New York Times – Business:Executives at Womply and Blueacorn, which facilitated millions of Paycheck Protection Program loans, flouted rules and themselves collected improper loans, investigators said.
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Zelle Fraud Victims Are in Line to Receive Reimbursements
The New York Times – Business:A rule change planned for early next year would shift liability for some losses onto the banks, not their customers.
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The Week in Business: FTX’s Collapse
The New York Times – Business:The turmoil at Twitter continues. The holiday shopping season officially begins, although retailers have already been running sales. And the Fed releases the minutes from its last meeting.
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Elizabeth Holmes Is Sentenced to More Than 11 Years for Fraud
The New York Times – Business:Ms. Holmes was convicted in January of four counts of wire fraud for deceiving investors with claims about her blood testing start-up Theranos.
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Elizabeth Holmes to be Sentenced in Fraud Trial
The New York Times – Business:Ms. Holmes, founder of the failed blood testing start-up Theranos, is scheduled to learn her fate on Friday. She faces a maximum of 20 years in prison.
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Elizabeth Holmes Denied New Trial and Is Set to Be Sentenced
The New York Times – Business:The founder of the failed blood testing start-up Theranos faces a maximum sentence of 20 years in prison.
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Elizabeth Holmes Denied New Trial and Is Set to Be Sentenced
The New York Times – Business:The founder of the failed blood testing start-up Theranos faces a maximum sentence of 20 years in prison.
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Nikola Founder Trevor Milton Is Convicted of Fraud
The New York Times – Business:Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.