fraud

Mickey Barreto lived in the New Yorker Hotel for free for years before his recent arrest.Barreto faces 24 charges, including felony fraud.Doctors found Barreto unfit for trial. A judge ordered him to undergo treatment. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app By…

An Army contractor and his girlfriend used government funds for "numerous" personal vacations, prosecutors said.They took 31 trips to Orlando, where they "spent time at the pool and Disney parks," the DOJ said. A judge earlier ordered one of them to pay almost half a million dollars in restitution. Thanks for signing up! Access your…

Enlarge / Residents line up for COVID-19 testing on November 30, 2020 in Chicago. The co-owner of a Chicago-based lab has pleaded guilty for his role in a COVID testing scam that raked in millions—which he used to buy stocks, cryptocurrency, and several luxury cars while still squirreling away over $6 million in his personal…

Enlarge / Caroline Ellison, former chief executive officer of Alameda Research LLC, was sentenced Tuesday for helping Sam Bankman-Fried cover up FTX's fraudulent misuse of customer funds. Caroline Ellison was sentenced Tuesday to 24 months for her role in covering up Sam Bankman-Fried's rampant fraud at FTX—which caused billions in customer losses. Addressing the judge…

China's state broadcaster has aired a scathing report on consultants and vocational schools running "empty student status" services, which it said allow students to graduate without attending classes.CCTV's "Financial Investigation" program reported on Sunday that it found five companies in Zhengzhou, Wuhan, and Henan offering to help students enroll in and complete their desired course…

China's state broadcaster has aired a scathing report on consultants and vocational schools running "empty student status" services, which it said allow students to graduate without attending classes.CCTV's "Financial Investigation" program reported on Sunday that it found five companies in Zhengzhou, Wuhan, and Henan offering to help students enroll in and complete their desired course…

It can happen to anyone, it seems. Even those who work in the finance industry.A former Mastercard executive told Business Insider she nearly lost $100,000 to an account takeover scam last year.Catherine Woneis, former vice president of CipherTrace, a service owned by MasterCard that helps secure crypto transactions, says she almost lost most of her…

On Wednesday, federal prosecutors charged a North Carolina musician with defrauding streaming services of $10 million through an elaborate scheme involving AI, as reported by The New York Times. Michael Smith, 52, allegedly used AI to create hundreds of thousands of fake songs by nonexistent bands, then streamed them using bots to collect royalties from…

In March 2023, William Gordon received a letter in the mail from his title company congratulating him on the $200,000 sale of his Tucson, Arizona, property. The catch: He'd never listed it for sale.Gordon noticed almost immediately that the congratulatory letter was off."I noticed the last four digits of the socialsecurity number were not mine…

Tech tycoon Mike Lynch is missing after a superyacht disaster off the coast of Sicily. Lynch sold Autonomy to HP for more $11 billion in 2011, sparking years of legal disputes. Take a look at Lynch's colorful life as "Britain's Bill Gates." Thanks for signing up! Access your favorite topics in a personalized feed while…