Two former top executives of Sam Bankman-Fried’s crypto trading empire have pleaded guilty to federal criminal fraud charges and are cooperating in the prosecution of the disgraced crypto entrepreneur, the […]
Frauds and Swindling
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Back to news homeSam Bankman-Fried and FTX Engaged in Fraud for Years, Prosecutors Say
In the early 2000s, Mr. Ray oversaw the unwinding of Enron, the energy trading firm that collapsed in an accounting scandal. At the hearing, he called the perpetrators of Enron’s […]
Fraud Trial of Wirecard’s Ex-CEO, Markus Braun, Begins
The fraud trial of the former head of Wirecard, the German electronic payments company that went from being the darling of Europe’s start-up scene to a spectacular fall that led […]
Sunny Balwani, No. 2 Theranos Executive, Is Sentenced for Fraud
Ramesh Balwani, the former chief operating officer of the failed blood testing start-up Theranos, was sentenced on Wednesday to nearly 13 years in prison for defrauding investors and patients about […]
Elizabeth Holmes Is Sentenced to More Than 11 Years for Theranos Fraud
SAN JOSE, Calif. — Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, was sentenced to more than 11 years in prison on Friday for defrauding investors about her […]
Elizabeth Holmes to be Sentenced in Fraud Trial
Senator Cory Booker, Democrat of New Jersey, recently praised Elizabeth Holmes’s thoughtful focus and “determination to make a difference.”The actress Ricki Noel Lander said Ms. Holmes was “a trustworthy friend […]
Elizabeth Holmes Case Takes On More Drama Ahead of Sentencing
Ms. Holmes, founder of the failed blood testing start-up Theranos, asked for a new trial after a surprise visit from a key witness to her house. Read More
Nikola Founder Trevor Milton Is Convicted of Fraud
Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks. Read More
Beware of Scammers Trying to Capitalize on Student Loan Forgiveness
Shady callers are acting quickly on President Biden’s announcement last week to cancel up to $20,000 in federal student debt for millions of borrowers. As Americans await more details about […]
Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud
In the midst of the pandemic, the government gave unemployment benefits to the incarcerated, the imaginary and the dead. It sent money to “farms” that turned out to be front […]