Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. 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 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 45% of LPs 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 64% of LPs 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 31% of LPs 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 56% 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 57% 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 43% 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 60% 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 59% 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 66% of LPs