Sam Bankman-Fried’s choices may signal an end to the schlubby mystique.
Category: Frauds and Swindling
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Prosecutors Charge that FTX Was Engaged in Fraud from the Beginning
A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire.
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S.E.C. Charges Sam Bankman-Fried With Defrauding FTX Investors
The founder of the collapsed crypto exchange was accused of “orchestrating a scheme to defraud equity investors” who put more than $1.8 billion into the company.
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Ramesh Balwani, No. 2 Theranos Executive, Is Sentenced for Fraud
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
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
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 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
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
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 founder of the failed blood testing start-up Theranos faces a maximum sentence of 20 years in prison.