Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. 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 32% of LPs 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 62% of LPs 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 69% of LPs 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 53% of LPs 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 37% of LPs September 11, 2018

China VC Fund Implicates Stanford Management Company In Lawsuit

Medical artificial intelligence technology company, 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 64% of LPs 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 39% of LPs 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 67% of LPs 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 68% of LPs 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 79% of LPs