This spring, Clive Kabatznik, an investor in Florida, called his local Bank of America representative to discuss a big money transfer he was planning to make. Then he called again.Except […]
Frauds and Swindling
Trending topics and news from the Frauds and Swindling category
Back to news homeSam Bankman-Fried Sent to Jail After Judge Revokes Bail
Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, was sent to jail on Friday after a federal judge in New York revoked his bail, accusing him of trying […]
How to Catch Pandemic Fraud? Prosecutors Try Novel Methods.
Federal prosecutors are scrambling to recoup billions of dollars in pandemic aid from people who falsely obtained funds from government programs that were intended to keep the economy afloat during […]
Caroline Ellison Writes About Ex-Crypto Mogul Sam Bankman-Fried
Three months before the cryptocurrency market imploded last year, Caroline Ellison, the 27-year-old chief executive of the crypto hedge fund Alameda Research, was racked with self-doubt.“I have been feeling pretty […]
He Went After Crypto Companies. Then Someone Came After Him.
“That was the first moment I thought, ‘Oh, wow, maybe I can do something with this,’” he said.By then, Mr. Roche was a first-year associate at Boies Schiller Flexner, where […]
SEC Accuses Binance of Mishandling Funds and Lying to Regulators
The Securities and Exchange Commission has accused Binance, the world’s largest cryptocurrency exchange, of mishandling customer funds as well as lying to regulators and investors about its operations in a […]
Jamie Dimon to Be Deposed as JPMorgan Faces Reckoning for Epstein Ties
Jeffrey Epstein was many things: a sexual predator, a friend to the rich and powerful and, for many years, a lucrative customer of the nation’s largest bank.Now the bank, JPMorgan […]
Elizabeth Holmes Opens Up About Her Theranos Trial and What Comes Next
Mr. Evans took a few calls for work while I was visiting. I asked what he does. “A lot of different stuff, investing, starting companies,” he replied, without elaborating. How […]
The End of Faking It in Silicon Valley
SAN FRANCISCO — Faking it is over. That’s the feeling in Silicon Valley, along with some schadenfreude and a pinch of paranoia.Not only has funding dried up for cash-burning start-ups […]
Why Banks Are Suddenly Closing Customer Accounts
Naafeh Dhillon had just left the holiday light show at Saks Fifth Avenue in New York when he learned that all of his bank accounts had mysteriously gone dark.After the […]