Tag Archives: Fraud

[unable to retrieve full-text content]Judge approves safeguards for Donald Trump’s $175 million civil business fraud appeal bond  Yahoo Finance Source link

“Looks like someone is trying to take more than $10,000 from us.” That’s the message my husband typed to me on a Monday morning in October. By the time I wrote back, he was on the phone with our bank. The weekend before, someone walked into a bank branch, pretended to be one of us, and took thousands of dollars from our checking account. We joined the tens of millions of Americans who each year are victims of identity fraud, where criminals steal a bank or credit card number and use the… Source link

Judge Arthur Engoron rejects a motion by former President Donald Trump that would have granted him a 30-day delay to begin paying the massive $355 million financial fraud judgment against him. That means that the interest on the fines continues to accrue. Here are the latest courtroom developments involving the former president who is hoping to be reelected to the White House in 2024. New York financial fraud Judge Engoron rejects Trump request to delay payment of $355 million judgment Key… Source link

By Nathan Layne and Gram Slattery MT. PLEASANT, Mich./COLUMBIA, SC. (Reuters) –Donald Trump will address supporters at a campaign rally on Saturday for the first time since a New York judge ruled he must pay $354.9 million in penalties for fraudulently overstating his net worth to dupe lenders. The former president, set to appear at an election rally in Michigan, was scheduled to speak at the same time as Nikki Haley, his last remaining rival for the Republican presidential nomination, who was… Source link

NEW YORK (AP) — Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits. Still, Trump got slammed hard, facing big cash penalties, outside supervision of his companies and restrictions on his borrowing. In a pretrial ruling last year, the same judge threatened to shut down much of… Source link

[unable to retrieve full-text content]As Elizabeth Holmes heads to prison for fraud, questions remain about her motives  Yahoo Finance Source link

Sam Bankman-Fried pleaded not guilty to eight different counts of wire fraud, securities fraud, and conspiracy before a U.S. federal court in the Southern District of New York on Tuesday. U.S. prosecutors allege that under Bankman-Fried’s direction, FTX, once considered one of the largest and most-trusted cryptocurrency exchanges, transferred billions in customer assets to his trading firm, Alameda Research. If convicted of these charges, Bankman-Fried faces up to 115 years in prison. A trial… Source link

In late 2021, the right-wing site Conservative Beaver published a story falsely claiming the FBI had arrested Pfizer’s CEO for fraud. It wasn’t Conservative Beaver’s first brush with fabricated news. The site had falsely claimed Barack Obama was arrested for espionage, Pope Francis was arrested for possession of child pornography and “human trafficking,” and the Pfizer CEO’s wife died… Source link

Ramesh “Sunny” Balwani, former president and chief operating officer (COO) of Theranos and ex-boyfriend of founder Elizabeth Holmes, leaves after the opening day of his federal trial for wire fraud and conspiracy to commit wire fraud was postponed due to coronavirus disease (COVID-19) exposure in the courtroom in San Jose, California, U.S. March 16, 2022. REUTERS/Brittany Hosea-Small Ramesh “Sunny” Balwani, the former president and chief operating officer of the defunct Silicon Valley… Source link

The FTX collapse that is ballooning into arguably the biggest financial story of 2022 is worsening for Tom Brady, Steph Curry and other major endorsers of the now-bankrupt cryptocurrency platform. The director of enforcement for the Texas State Securities Board has announced that state regulators are investigating multiple celebrity endorsers tied to the FTX trading platform. The probe is an an effort to determine whether securities laws were violated by Brady, Curry and others while… Source link