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.
Category: Frauds and Swindling
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JPMorgan Paid $175 Million for a Business It Now Says Was a Scam
The New York Times – Business: -
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.
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Alameda Executive 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.
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FTX Co-Founder Sam Bankman-Fried to Be Released on $250 Million Bond
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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.