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.
Category: Frauds and Swindling
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A Traditional Exchange? FTX Was Anything But.
The New York Times – Business: -
A Traditional Exchange? FTX Was Anything But.
The New York Times – Business: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.
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Help! My Pricey Travel Credit Card Wouldn’t Work When I Traveled
The New York Times – Travel:A Chase card with an annual fee of $550 is touted as handy for going abroad. But on a recent trip outside the U.S., it was declined at every stop. Is there any protection from fraud protection?
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Sam Bankman-Fried and Schlubby Style
The New York Times – Fashion & Style:Sam Bankman-Fried’s choices may signal an end to the schlubby mystique.
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Prosecutors Charge that FTX Was Engaged in Fraud from the Beginning
The New York Times – Business: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 New York Times – Business: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
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.