Federal prosecutors filed criminal fraud charges against two top executives at Tricolor Auto, and two other executives have already pleaded guilty to related charges.
Category: Frauds and Swindling
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Tech Support Scammers Stole $85,000 From Him. His Bank Refused a Refund.
A retired lawyer lost the money in a tech support scam, a type of online fraud that is surging. Citibank said it couldn’t recover the funds, which criminals wired from inside his account.
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Do Kwon, Crypto Entrepreneur Who Caused 2022 Crash, Sentenced to 15 Years
Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud.
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India Orders a Tracking App to Be Installed in All Smartphones
The government said the rules were needed to prevent theft and other crime. Its opponents and privacy activists regard the app as a tool of mass surveillance.
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The Crypto Industry’s $28 Billion in ‘Dirty Money’
As President Trump has championed crypto and the industry has gone mainstream, funds from scammers and other criminal groups have flowed onto major crypto exchanges.
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JPMorgan Had to Pay for Charlie Javice’s Legal Fees — and Her Restaurant Bills
When prosecutors accused Charlie Javice of fraud, JPMorgan was forced to pay for her defense. The bank is not happy about her “shocking” spending.
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Man Accused of Running Southeast Asia Scam Compound Is Extradited to China
China and the United States say She Zhijiang, a Chinese-born businessman, ran a major scam compound in Myanmar. He was arrested in Bangkok in 2022.
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Brash Investor in Global Soccer Clubs Is Charged With Fraud
Josh Wander, a Miami businessman, drew scrutiny after buying soccer teams on three continents through 777 Partners, which collapsed after facing spiraling accusations of wrongdoing.
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Charlie Javice Sentenced to 85 Months in Prison for Fraud
A federal jury in March had found Ms. Javice guilty for faking customer lists during JPMorgan Chase’s $175 million acquisition of her start-up.