Is It Fraud, or Is It ‘Puffery’?
Courts have given companies some leeway to make (perhaps overly optimistic) sweeping statements, a practice lawyers call “puffing.”
Ozy Media’s Carlos Watson Arrested on Fraud Charges
Mr. Watson had founded the troubled digital-media start-up Ozy, which unraveled after The New York Times examined its business practices.
Posted inBankman-Fried, Sam Courts and the Judiciary Frauds and Swindling HK FTX Trading Ltd (Futures Exchange) Kaplan, Lewis A Manhattan (NYC) Virtual Currency
Judge Signals Jail Time if Bankman-Fried’s Internet Access Is Not Curbed
The defendant in a widespread cryptocurrency fraud case has been living in a “garden of electronic devices,” the judge says. Tighter restrictions are ahead.
Posted inArt Baughman, J. Ross Beard, Wendy Halsted Birmingham (Mich) Federal Bureau of Investigation Frauds and Swindling Palm Beach (Fla) Photography Thomas Halsted
As $1.6 Million in Rare Photos Vanished, the Excuses Piled Up
The F.B.I. says a gallery owner made up medical emergencies, including a double lung transplant and a coma, as part of a criminal scheme to swindle older collectors.