fraud

  • Estonian Nationals Admit to $577M Cryptocurrency Fraud That Scammed U.S. Citizens

    Two Estonian nationals have pleaded guilty in the United States to operating a $577 million cryptocurrency Ponzi scheme through their company, HashFlare. The scam deceived hundreds of thousands of investors worldwide, falsely promising cryptocurrency mining profits. How the Scheme Worked Between 2015 and 2019, Sergei Potapenko and Ivan Turõgin, both 40, sold contracts through HashFlare,…

  • Betrayal and Murder: How a Florida Woman Killed Her Private Investigator Friend Over $34,000

    Taylor Wright, a former police officer turned private investigator, dedicated her career to solving crimes. But in a shocking twist of fate, she became the victim of a crime that stunned the Florida legal community—a murder orchestrated by her own close friend, Ashley McArthur, a crime scene investigator-turned-business owner. Wright disappeared on September 8, 2017,…

  • 2024 False Claims Act Settlements and Judgments Exceed $2.9 Billion

    In 2024, the False Claims Act (FCA) continued to serve as a cornerstone for the U.S. government’s efforts to combat fraud, with 558 settlements and judgments resulting in the recovery of over $2.9 billion. While the number of cases was slightly fewer than the record set in 2023, the total collections confirm that the FCA…

  • Archegos’ Bill Hwang Sentenced to 18 Years in Prison for Massive US Fraud

    Former billionaire investor Sung Kook “Bill” Hwang received an 18-year prison sentence on Wednesday for the collapse of Archegos Capital Management, which caused more than $10 billion in losses for Wall Street banks. U.S. District Judge Alvin Hellerstein handed down the sentence in Manhattan after a jury convicted Hwang in July on 10 criminal charges,…

  • New York Mayor Eric Adams Charged in Turkey Bribery, Fraud Scheme

    Prosecutors charged New York City Mayor Eric Adams on Thursday with accepting illegal campaign contributions and luxury travel from Turkish nationals seeking to influence him, culminating an investigation that has thrown the city’s government into chaos. The 57-page indictment details an alleged scheme dating back to 2014, which helped fund Adams’ 2021 mayoral campaign and…

  • Biden Administration Resumes Immigration Program with Enhanced Vetting for Sponsors

    The Biden administration has announced the resumption of its immigration program, which facilitates the entry of migrants from Cuba, Haiti, Nicaragua, and Venezuela into the United States. This restart follows an earlier suspension prompted by concerns over potential fraud involving U.S.-based financial sponsors. The program, initially launched in January 2023, is a cornerstone of the…

  • Trump Donor Faces Class Action Lawsuit Alleging Fraud in Connection with Chargebacks911

    https://www.newsweek.com/donald-trump-donor-grant-cardone-fraud-lawsuit-bitcoin-1941244A class action lawsuit targeting Gary Cardone, a prominent donor to former President Donald Trump, has surfaced over allegations of fraud involving his company, Chargebacks911. Cardone, who recently donated $850,000 worth of Bitcoin to Trump’s 2024 presidential campaign, is accused alongside co-owner Monica Eaton of engaging in deceptive business practices. The case, which originated in…

  • Biden Administration Halts Controversial Migrant Flight Program Amid Fraud Concerns

    The Biden administration has temporarily suspended a contentious program allowing migrants from Cuba, Haiti, Nicaragua, and Venezuela (CHNV) to enter the United States, following revelations of significant fraud in the program. The Department of Homeland Security (DHS) confirmed the decision on Friday, citing an “abundance of caution” as the reason for pausing the issuance of…

  • Kevin Hart Faces $12M Lawsuit By Ex Friend, Alleging Fraud And Emotional Distress

    Comedian Kevin Hart is embroiled in a legal battle with his former friend Jonathan “JT” Jackson, who has filed a staggering $12 million lawsuit against him. According to court documents obtained by In Touch, Jackson accuses Hart of breaching a written contract, committing fraud, and intentionally causing emotional distress. Jackson, who claims a notable career…

  • Archegos Founder Bill Hwang Convicted At Fraud Trial Over Fund’s Collapse

    A jury in Manhattan federal court convicted Archegos Capital Management founder Sung Kook “Bill” Hwang of fraud and other charges on Wednesday. Prosecutors accused him of market manipulation ahead of the 2021 collapse of his $36 billion private investment firm. The jury, which began deliberations on Tuesday, found Hwang guilty on 10 of 11 criminal…