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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 72% 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 32% 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 75% 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 53% 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 42% 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 52% 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 34% 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 73% 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 43% 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 35% of LPs