Former-Citadel Analyst Sentenced To Four Years In Jail
A 35-year-old part-time West Palm Beach resident this week was sentenced to four years in prison after admitting he lied to get $6.8 million from a federal program designed to help businesses and their employees survive the COVID-19 pandemic.
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.
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.
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.
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.
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.
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.
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.
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.
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.