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fortune.com April 17, 2020

VC Thinks There Will Be Billions Of Dollars Of Fraud From SBA's $350B Loan Program

Two week ago, the U.S. government rolled out a $350 billion small business loan program as part of a $2 trillion stimulus package aimed at keeping the economy afloat through the coronavirus. But the rollout was frustrating and messy, to say the least.
Read by 74% of LPs

prnewswire.com February 08, 2020

New Documents Will Show Breaches Of Fiduciary Duty To VC Investor GIIL

The plaintiff in a fraud and breach of fiduciary duty lawsuit against venture capital company founder Andrew Chung today said it believes a judge's decision to unseal documents will benefit its efforts to ultimately prevail in its litigation against the venture capitalist.
Read by 71% of LPs

nj.com January 20, 2020

Pension Funds In Ex-Con's $30M Blockchain Fraud Scheme

An Essex County woman was arrested for her alleged role in an online currency fraud scheme that encouraged investors to hand over $30 million, authorities said. She posed as a wealthy investor who provided millions in seed money to CG Blockchain Inc.
Read by 54% of LPs

fiercepharma.com November 29, 2019

Ex-Outcome Health Execs Hit With Criminal Charges Alleging $1B Fraud Scheme

The co-founders of Outcome Health and several former executives have been charged by the Department of Justice (DOJ) in a $1 billion fraud scheme targeting clients, lenders and investors.
Read by 75% of LPs

nytimes.com May 02, 2019

Chinese Family Paid $6.5M For Spot At Stanford

From the day that prosecutors announced charges against 50 people in a sweeping college admissions fraud investigation, they have held out a tantalizing mystery: a family that had paid the college consultant at the center of the scheme $6.5 million to get their child into college.
Read by 46% of LPs

straitstimes.com February 19, 2019

Ex-Goldman Exec To Return To Face Charges Over 1MDB

Roger Ng, a former Goldman Sachs bank executive who is currently in jail in Malaysia, has agreed to voluntarily return to the United States to face abetment charges in a scheme to loot state investment firm 1MDB.
Read by 49% of LPs

nytimes.com February 18, 2019

U.S. Private Equity Investor Detained In Moscow On Fraud Charges

The American founder of one of the oldest and largest Russia-focused private equity firms was detained on fraud charges in Moscow on Friday in a case that jolted the country's business community.
Read by 59% of LPs

sacbee.com September 27, 2018

Ex-Hedge Fund Manager Gets Years In Prison For $22M Scam

A former hedge fund manager has been sentenced in New York to eight years in prison after cheating 45 investors. He pleaded guilty, admitting he defrauded the investors over a seven-year period.
Read by 50% of LPs

newsbtc.com September 16, 2018

Ex-CEO Of Crypto Company Sentenced To Prison For Fraud

The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company's role in a major Ponzi scheme that cost hundreds of investors millions of dollars.
Read by 65% of LPs

analyticsinsight.net September 11, 2018

China VC Fund Implicates Stanford Management Company In Lawsuit

Medical artificial intelligence technology company MedWhat.com, Inc and its CEO Arturo Devesa, have filed a lawsuit for fraud in the Supreme Court of California in San Francisco against their investor Stanford Management Company (SMC).
Read by 75% of LPs