wire fraud
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In 2007, Joya Williams, a former Coca-Cola executive assistant, was convicted of conspiracy for attempting to sell the company’s trade secrets—specifically, its highly guarded formula—to rival PepsiCo. The case, which involved undercover investigations by the Federal Bureau of Investigation (FBI), serves as a textbook example of corporate espionage, legal liability, and ethical business practices. Background…
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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,…
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A New York real estate investor has pleaded guilty to wire fraud in a $62.8 million investment fraud scheme involving commercial properties in Atlanta and Miami Beach. According to updates provided by Department of Justice, Elchonon “Elie” Schwartz, 46, admitted in the Northern District of Georgia that he misappropriated investor funds raised through CrowdStreet Marketplace,…
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Mozambique’s former finance minister, has been sentenced to eight-and-a-half years in prison for his role in the infamous $2 billion “tuna bond” scandal. Manuel Chang’s sentence, handed down by a Brooklyn federal court, is evidence of the global reach of U.S. financial regulations and the consequences for foreign officials who exploit the international financial system.…
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Rapper Sean Kingston and his mother, Janice Turner, have been indicted by a federal grand jury in Miami on multiple charges, including one count of conspiracy to commit wire fraud and five counts of wire fraud. According to CNN, The indictment, filed last week and announced on Friday by the US Attorney’s Office for the…
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Court documents reveal that 50 Cent, the renowned rapper and entrepreneur, has enlisted prominent attorney Benjamin Crump in his legal battle against beverage giant Beam Suntory. The lawsuit, according to AllHipHop, was filed by 50 Cent’s companies including Sire Spirits and G-Unit Records and accuses Beam Suntory of involvement in an alleged embezzlement scheme costing…
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A federal grand jury in the District of Maryland has indicted a Pennsylvania man for allegedly defrauding the U.S. National Institutes of Health (NIH) out of approximately $16 million in federal grant funds. According to court documents, Hoau-Yan Wang, 67, a tenured medical professor at a public university’s medical school and a paid advisor to…
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A Georgia attorney and former City of Atlanta police officer, Shelitha Robertson, 62, was handed a sentence of seven years and three months in prison for her role in a scheme to defraud the Paycheck Protection Program (PPP) of approximately $15 million. Robertson, along with co-conspirator Chandra Norton, orchestrated a plot to submit fraudulent PPP…
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Former executives of Epsilon Data Management LLC, Robert Reger and David Lytle, were found guilty of federal criminal charges related to mass-mailing fraud schemes targeting millions of U.S. consumers, announced the Justice Department today. After a two-week trial, the jury convicted Reger, 57, of Boulder, Colorado, and Lytle, 64, of Leawood, Kansas, of conspiracy to…
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Renowned singer and actor Tyrese Gibson has recently taken to social media to address ongoing issues with his first wife, Norma Mitchell Gibson, revealing his decision to pursue legal action against her. In a candid Instagram post, Tyrese expressed his frustration, stating that he is tired of “living in fear” due to rumors and gossip…
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