SAN JOSE, Calif. — For the past 11 weeks, prosecutors revealed emails from desperate investors. They held up falsified documents side by side with the originals. They called dozens of […]
Frauds and Swindling
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Back to news homeElizabeth Holmes Trial Exposes Investors’ Lack of Due Diligence
SAN JOSE, Calif. — In 2014, Dan Mosley, a lawyer and power broker among wealthy families, asked the entrepreneur Elizabeth Holmes for audited financial statements of Theranos, her blood testing […]
Inside the Courtroom With Theranos’s Elizabeth Holmes
SAN JOSE, Calif. — Three days a week, Adriana Kratzmann, an administrator, opens the door at 8:30 a.m. to Courtroom 4 of the Robert F. Peckham Federal Building and U.S. […]
China Detains Top HNA Group Executives
Evergrande’s fate and what its failure could mean for China’s economy have divided some of the world’s best-known investors. The billionaire investor George Soros recently argued that an Evergrande collapse […]
$10 Billion in Student Loan Debt Erased Under Biden, but Calls Grow for More
Finally, on Tuesday, an email arrived saying she had receive a 100 percent discharge.“I cried,” said Ms. King, who hopes she can now afford computer classes at her local community […]
Tips for Victims of Unemployment Benefit Fraud
In some cases, people have received debit cards in the mail from a different state, but with their own names on it. In those cases, it’s possible something went awry […]
In Silicon Valley, Criminal Prosecutors See No Evil
“Silicon Valley is a lot cleaner today than when I started, during the 1990s dot-com bubble,” said Reed Kathrein, a San Francisco lawyer who successfully sued Ms. Holmes and Theranos […]
The Young Fall for Scams More Than Seniors Do. Time for a Warning.
If you’re a digital native and consider yourself immune to all scams, the thieves have you right where they want you.For years now, the Better Business Bureau’s survey research has […]
That Cheap Car Rental May Be a Fraud
The surge in leisure travel as pandemic restrictions lift and a tight supply of rental cars have brought out the criminals this summer, consumer watchdogs say.The Federal Trade Commission as […]
As Trillions Flow Out the Door, Stimulus Oversight Faces Challenges
WASHINGTON — Lawmakers have unleashed more than $5 trillion in relief aid over the past year to help businesses and individuals through the pandemic downturn. But the scale of that […]