fraud
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Celsius founder Alex Mashinsky arrested and charged with fraud
The problems keep mounting for Celsius founder Alex Mashinsky, as he’s been arrested and charged by federal authorities for fraud. Mashinsky faces seven criminal counts, including securities, commodities and wire fraud, as originally reported by CBS News. The U.S. attorney’s office alleges that Mashinsky misled customers regarding the nature of his company, making it seem like a bank when it was actually a high-risk investment fund.
SoftBank gave $170m to a social app whose users mostly didn't exist
Back in 2021, Japanese investment giant SoftBank led a little-known social media app called IRL to unicorn status and an overall valuation of $1.17 billion by investing over $170 million. Well, it just turned out that the app completely made up its user numbers, admitting that 95 percent of its purported 20 million user base was fake.
Ex-Apple employee sentenced to three years in prison after $17 million fraud scheme
A judge ordered Dhirendra Prasad to pay Apple back in full and to give the IRS $1.9 million.
Hitting the Books: How the 'Godfather of Cybercrime' got his start on eBay
"Fool Me Once" from forensic accounting expert Dr. Kelly Richmond Pope explores some of the most heinous financial crimes in internet history, explaining the hows and whys of these grifts' success.
FTX co-founder Nishad Singh pleads guilty to fraud and conspiracy charges
FTX co-founder Nishad Singh has pleaded guilty to six federal fraud and conspiracy charges. He has agreed to cooperate with the case against FTX founder and former CEO Sam Bankman-Fried.
FTX co-founder Sam Bankman-Fried faces four new criminal charges
FTX creator Sam Bankman-Fried is now dealing with four new charges over fraud and campaign finance violations.
SEC charges Terraform Labs over alleged 'multi-billion dollar' crypto fraud
The SEC has charged Terraform and its CEO for allegedly running a 'multi-billion dollar' crypto fraud scheme.
New York State sues former Celsius CEO over alleged cryptocurrency fraud
New York State is suing the former chief of crypto lender Celsius over 'billions' in fraud.
Two top executives plead guilty to fraud in FTX case
Top FTX executives close to Sam Bankman-Fried, Caroline Ellison and Zixiao "Gary" Wang, have pleaded guilty to fraud and are cooperating with prosecutors.
Eight charged in $114 million pump-and-dump stock scheme on Discord and Twitter
Eight men have been charged over a $114 million stock manipulation scheme orchestrated through Discord and Twitter.
SEC charges FTX co-founder Sam Bankman-Fried with 'defrauding investors'
Following his arrest in the Bahamas, the US Securities and Exchange Commission (SEC) has charged FTX co-founder Sam Bankman-Fried with "defrauding investors."
Former Apple employee admits to defrauding the company out of $17 million
In one scheme, Dhirendra Prasad and a co-conspirator got Apple to buy back its own components.
Former Qualcomm VP charged over $150 million acquisition fraud
A former Qualcomm VP and three others have been charged for allegedly tricking the company into paying $150 million for tech it already had.
Senate committee chair grills Apple, Google over protection against crypto app scams
A Senate committee chair has asked the CEOs of Apple and Google to explain what they do to fight crypto app fraud.
FTC says victims of crypto scams have lost more than $1 billion since 2021
Nearly 25 percent of scams reported last year used crypto as a payment method.
UK authorities seize NFTSs over $1.9 million in suspected tax fraud
UK authorities have seized three NFTs as part of an investigation into tax fraud.
Woman sentenced to prison for stealing 3,000 iPods intended for students
Kristy Stock was sentenced to 18 months in federal prison for stealing and reselling more than 3,000 iPods intended for Native American students.
Former Boeing chief technical pilot involved in 737 Max testing charged with fraud
Mark A. Forkner, Boeing's former chief technical pilot involved in the company's 737 Max testing, was indicted for fraud by a grand jury in Texas.
Amazon has banned over 600 Chinese brands as part of review fraud crackdown
Amazon said it has banned over 600 Chinese brands as part of an ongoing campaign against review fraud.
Man who unlocked 1.9 million AT&T phones sentenced to 12 years in prison
The scheme cost the company $201.5 million, according to the Department of Justice.
