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In late 2022, the U.S. Securities and Exchange Commission said Bankman-Fried defrauded his companies' investors by steering money from FTX into Alameda Research between 2019 and 2022. Both FTX...
December 7, 2023. United States v. Carl Zaglin, Aldo Marchena, Francisco Cosenza. A Georgia businessman, a former Honduran government official, and a former Florida resident were indicted for their alleged participation in an international scheme to pay and conceal bribes to Honduran government officials to secure contracts to provide uniforms ...
The Justice Department announced a sweeping series of charges Thursday against nearly 200 people accused of participating in health care fraud schemes with false claims topping $2.7 billion.
5 most scandalous fraud cases of 2021. Each year always brings a fresh array of fraud-related scandals, and 2021 was no different. The massive theft of COVID-relief funds continued to play out, but other notable schemes hit the headlines. Here we list the most scandalous of the lot.
The head of a multimillion-dollar COVID-19 relief fraud ring and six of his co-conspirators were sentenced for fraudulently obtaining more than $20 million in forgivable Paycheck Protection Program (PPP) loans that the Small Business Administration (SBA) guaranteed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
As of this week, the federal government has charged 3,195 defendants for offenses related to pandemic fraud and seized more than $1.4 billion in relief funds, according to data released by the ...
SAN JOSE, Calif. — Elizabeth Holmes, the founder of the failed blood testing start-up Theranos, was found guilty of four of 11 charges of fraud on Monday, in a case that came to symbolize the...
The Justice Department announced today the results of a coordinated, nationwide enforcement action to combat COVID-19 fraud, which included 718 enforcement actions – including federal criminal charges against 371 defendants – for offenses related to over $836 million in alleged COVID-19 fraud.
June 27 (Reuters) - The U.S. Justice Department has criminally charged 193 people, including 76 doctors, nurses and other medical professionals, with participating in health care fraud...
Federal and state law enforcement offices brought criminal charges across 16 states against 78 people for their roles in $2.5 billion in attempted health care fraud and opioid abuse schemes ...