Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.

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 35% 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 32% 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 48% of LPs

cryptoticker.io August 19, 2018

80% Of ICOs In 2017 Were Scams

More than 80 percent of initial coin offerings (ICOs) in 2017 were scams, according to a study conducted by ICO advisory company Satis Group. The market was comprised of 14 crypto assets that were largely similar to Bitcoin.
Read by 63% of LPs

coindesk.com August 19, 2018

Judge Issues Default Judgment In ICO Fraud Lawsuit

A federal judge ruled against a blockchain startup after finding that several victims were defrauded out of potentially more than $1 million in cryptocurrencies.
Read by 50% of LPs

gizmodo.com August 19, 2018

AT&T Sued By Cryptocurrency Investor Who Lost A Fortune In Phone Hacks

Cryptocurrency investor Michael Terpin is understandably upset that he lost a combined $24 million in two different hacks of his phone over the course of seven months.
Read by 37% of LPs

nypost.com July 16, 2018

Steve Young's Private Equity Firm Accused Of Fraud

NFL great Steve Young is feeling the heat, and this time, it’s not from a 300-pound defensive lineman. The private equity firm the Hall of Fame quarterback co-founded in 2007 stands accused of covering up a massive fraud at one of its companies.
Read by 49% of LPs

axios.com November 03, 2017

Fraud Allegations Shutter Foundry Group-Backed Wedding Tech Startup

Online wedding vendor marketplace Borrowed & Blue last November raised $7 million in VC funding led by Foundry Group. But now the Charlottesville, Va.-based startup is shuttered -- and more than two dozen employees are out of work — after the board discovered alleged financial improprieties related to Borrowed & Blue's married co-founders, Adam and Christin Healey.
Read by 37% of LPs

axios.com August 10, 2017

Benchmark Capital Sues Travis Kalanick For Fraud

The battle between Benchmark Capital and Travis Kalanick just went nuclear, with the venture capital firm suing the former Uber CEO for fraud, breach of contract and breach of fiduciary duty. The complaint was filed earlier today in Delaware Chancery Court. Key graph, per the suit: "Kalanick, the former CEO of Uber, to entrench himself on Uber's Board of Directors and increase his power over Uber for his own selfish ends. 
Read by 40% of LPs

nypost.com August 08, 2017

Hedge Fund Manager Charged For Scamming Investors Out Of Millions

A Ponzi-like scheme that would make Bernie Madoff proud has been uncovered in Boston, authorities say. Massachusetts officials have charged hedge-fund manager Raymond Montoya with scamming investors out of millions of dollars. On Wednesday, Montoya was charged by the feds with mail fraud and wire fraud, and then released after his appearance in federal court....
Read by 45% of LPs