fraud
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Former California attorney David Kagel, 85, pleaded guilty on May 28, to charges related to his involvement in a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. The scheme, outlined in court documents, involved false promises of high-yield profits through cryptocurrency investments, leveraging Kagel’s position as a trusted attorney to deceive investors. According…
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FTX’s bankruptcy lawyers at Sullivan & Cromwell were not complicit in the fraud that led to the crypto company’s collapse, concluded a court-appointed examiner on Thursday. In November, a court convicted former FTX CEO Sam Bankman-Fried of stealing $8 billion from FTX customers. Creditors and investors accused the company’s lawyers at Sullivan & Cromwell of…
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A Puerto Rico legislator and her husband faced sentencing on May 17 for their involvement in a complex scheme involving theft, bribery, and kickbacks spanning several years. María Milagros Charbonier-Laureano, known as Tata, a member of the Puerto Rico House of Representatives, received an eight-year prison sentence, while her husband, Orlando Montes-Rivera, was sentenced to…
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A 45-year-old Staten Island resident, Vladislav Kotlyar, has been sentenced to two years and nine months in prison on May 17, 2024 for his role in a fraudulent scheme to obtain specialty baby formula. Additionally, he has been ordered to pay approximately $738,000 in restitution and forfeit around $1 million. Court documents reveal that Kotlyar…
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Sibongile Mani, a student at Walter Sisulu University (WSU) in South Africa, found herself in an extraordinary predicament when an astonishing sum of nearly $1,000,000 was mistakenly deposited into her bank account. Accustomed to relying on modest benefits to support her studies, Mani typically received around $100 monthly for essential expenses. However, one morning, Mani…
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Colombian superstar Shakira can finally breathe a sigh of relief as her legal saga in Spain takes a significant turn. The 47-year-old singer, known for her iconic hits like “Hips Don’t Lie,” emerged victorious as Spanish investigators dropped the criminal tax evasion case against her due to a purported “lack of evidence.” Shakira found herself…
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The Securities and Exchange Commission (SEC) has leveled severe accusations against BF Borgers, the independent accounting firm responsible for auditing Trump Media & Technology Group. The charges include widespread fraud and operating what the SEC termed a “sham audit mill.” While the allegations are serious, the SEC clarified that they do not implicate Truth Social…
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An Arizona grand jury has handed down indictments against 18 allies of former President Donald Trump for their roles in attempting to subvert the 2020 election. Among those indicted are former White House chief of staff Mark Meadows, attorneys Rudy Giuliani and Boris Epshteyn, and several other prominent Trump allies. The 58-page indictment, which includes…
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Rapper NBA YoungBoy, also known as Kentrell DeSean Gaulden, found himself in legal trouble once again after being accused of leading a large-scale prescription fraud ring. The artist was arrested on Tuesday, April 16 following a raid on his property in Utah by federal agents, who had been conducting a months-long investigation into the alleged…
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Efeti Egun, a Wells Fargo customer based in Los Angeles, finds herself in a legal battle with the bank after claiming that as much as $40,000 mysteriously disappeared from her account between August and December 2023. Despite her efforts to resolve the issue with the bank, Egun remains adamant about pursuing legal avenues to reclaim…
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