In San Pedro, Argentina, 16,000 people, a fifth of the population, signed up for a cryptocurrency exchange where everyone won. Until they didn’t.
Category: Frauds and Swindling
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Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.
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Hackers Stole $635,000 in Taylor Swift Ticket Scheme, Queens D.A. Says
Two people stand accused of taking hundreds of tickets from StubHub to redirect them to others who resold them, prosecutors said.
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CFPB Drops Lawsuit Against Banks Over Zelle Scams
A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally and factually flawed.”
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CFPB Drops Lawsuit Against Capital One Bank That Accused It of Tricking Customers
The move, on a suit that had accused the bank of tricking customers, was one of several dismissals ordered by Trump officials who are dismantling the agency.
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Woman Will Plead Guilty in Scheme to Defraud Presleys and Sell Graceland
Prosecutors had accused the woman of creating fraudulent loan documents and forging Lisa Marie Presley’s signature.
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The Cryptocurrency Scam That Turned a Small Town Against Itself
How did a successful, financially sophisticated banker gamble his community’s money away?
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Woman Pleads Guilty in Covid Tax Credit Scheme That Netted $33 Million
A Nevada business owner prepared and filed false tax returns to fraudulently obtain Covid relief money for her businesses and others, prosecutors said.
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Cash App Ordered to Pay $255 Million in Penalties Over Fraud
The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal regulators called “woefully incomplete” customer protections.
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Toyota Truck Unit Will Pay $1.6 Billion to Settle Emissions Fraud Case
Hino Motors, a Toyota subsidiary, will plead guilty to conspiracy charges and pay penalties for deceiving regulators about its diesel engines, the E.P.A. said.
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Cookies, Cocktails and Mushrooms on the Menu as Supreme Court Hears Bank Fraud Case
In trying to find the line between false statements and misleading ones in the case of a Chicago politician, members of the Supreme Court posed colorful questions.