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The U.S. African Development Foundation pumps out tens of millions of dollars in taxpayer money every year to projects in Africa -- but the agency lacks basic anti-fraud controls to make…
Most types of financial fraud are relatively straightforward: the fraudster uses creative accounting, inflated numbers, or out-and-out lies to trick their victim into handing over money or…
The US Securities and Exchange Commission (SEC) is setting up a new unit to focus on securities fraud by foreign companies, one of the first signals of the regulator’s enforcement…
A multimillionaire Democratic donor’s guilty plea raises broader questions about corruption in environmentalist schemes like carbon-offset trading. Source link
Movie producer David Brown was arrested Wednesday on charges that he defrauded business partners out of $12 million by creating fake companies and using investor funds to pay his personal…
This is a significant victory for the president. Source link
Attorney General Pam Bondi said that the DOJ had issued more than 20 subpoenas to doctors and clinics that it claimed “mutilated children in the service of a warped ideology.” The…
Donald Trump might not have to pay the piper after all. A New York appeals court threw out the president’s $500 million civil fraud fine Thursday, claiming the resulting penalty for the…
A New York appeals court on Thursday tossed the roughly $500 million fine against President Trump in a defeat for New York Attorney General Letitia James, who accused his business of…
President Donald Trump on Wednesday called on Federal Reserve governor Lisa Cook to resign after a member of his administration accused Cook of committing mortgage fraud, the latest…
President Trump urged one of the Federal Reserve's governors, Lisa Cook, to resign on Wednesday after a top housing official accused her of potential mortgage fraud. Source link
Defense lawyers for director Carl Rinsch intend to argue that he was in a “state of psychosis” when he was making “White Horse,” and therefore cannot be found guilty of defrauding Netflix…
Singer Sean Kingston was sentenced to 3.5 years in prison over his $1 million wire fraud trial in South Florida, according to the Associated Press and NBC South Florida. The 35-year-old,…
Your timeshare in Mexico may actually be helping prop up that country's violent drug cartels, the U.S. government said Wednesday, warning Americans to think twice before buying south of…
Disgraced former New York Rep. George Santos has reported to prison to start his more than seven-year sentence, but not without his staple flair for dramatics first. Source link
Clothing tech entrepreneur and CaaStle founder Christine Hunsicker is out on $1 million bail after she was charged on six counts of cheating customers out of more than $300 million over…
The next shoe has fallen for Christine Hunsicker — who built CaaStle up to be the future of fashion rental only to have it all disappear into scandal, a Chapter 7 liquidation, a host of…
The type of mortgage fraud case in which Sen. Adam Schiff is now entangled is usually clear-cut and hard to wiggle out of, said financial crimes experts, adding that the senator could…
President Trump dug into longtime political enemy Sen. Adam Schiff on Tuesday, calling the California Democrat a "scam artist" over what he said was a mortgage fraud scheme. Source link
A U.S. judge has ruled that China’s Huawei Technologies, a leading telecoms equipment company, must face criminal charges in a wide reaching case alleging it stole technology and engaged…
Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have initiated legal proceedings against Standard Chartered Bank in the High Court of…
The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development Berhad — Liquidators seeking to recoup…
Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have initiated legal proceedings against Standard Chartered…
Russian-led scammers bought out legitimate U.S. medical companies, stole the identities of more than one million Americans and submitted $10.6 billion in bogus claims under their names,…
