The top “regulatory officer” at fallen crypto exchange FTX was embroiled in a notorious online poker cheating scandal more than a decade ago — and was caught on tape allegedly aiding the perpetrators of the fraud, according to reports. Dan Friedberg — a lawyer who was FTX’s chief regulatory officer in the months leading up…
Elizabeth Holmes, the disgraced Theranos founder who was once compared to Steve Jobs before she was convicted of defrauding investors who backed the now-defunct blood-testing company, was sentenced to more than 11 years in prison on Friday. The pregnant Holmes, dressed in a dark blouse and black skirt, was given 135 months behind bars by…
Isabel dos Santos has yet to be notified of an international arrest warrant reportedly issued by global police agency Interpol, an official source representing the billionaire daughter of Angola’s former president said on Saturday. In a statement sent to Reuters, dos Santos’ official source said her lawyers had “consulted the Interpol database and, so far,…
An Ohio man who was previously known to the federal government for allegedly defrauding investors, was charged by the Justice Department with defrauding investors of another $10 million dollars. Rathnakishore Giri, a 27-year-old from New Albany, Ohio, has a history of investment fraud, the Justice Department alleged, and this scheme they say was no different.…
Cryptocurrency maverick Sam Bankman-Fried, who famously became a billionaire under 30, is immersed in a reversal of fortune so vast and abrupt it has hit record proportions. Once considered a financial wunderkind, Bankman-Fried now faces legal battles, possible extradition and bankruptcy in a sudden shift from his previous high-profile status as a mythic entrepreneur, political…
Disgraced crypto mogul Sam Bankman-Fried unleashed a wild, wide-ranging interview in which he appeared to shift blame for the collapse of his company FTX to the trading firm run by his ex-girlfriend, Caroline Ellison. Bankman-Fried is under intense pressure to address his decision to funnel $10 billion in FTX client funds to prop up Alameda…
A criminal described by South African media as Israel’s “most wanted gang leader” was arrested near Johannesburg on Thursday. The suspect, a 46-year-old man, was not initially identified by name but numerous reports later identified him as notorious fugitive Yaniv Ben Simon, a close associate of jailed crime boss Yitzhak Abergil. Simon, who is known as the world’s…
There are several barometers indicating just how much trouble FTX founder Sam Bankman-Fried is facing after incinerating billions of dollars of client money — his company’s balance sheet from hell, the deeply sketchy-sounding back channel for moving his customers’ funds around, the reported SEC and Bahamian probes. But the best measurement might just be his…
A federal grand jury in Chicago has charged 23 people with participating in an insurance fraud scheme that allegedly bilked 10 life insurance carriers out of at least $26 million in benefits. The defendants allegedly submitted fraudulent applications in order to obtain life insurance policies in the names of various individuals, according to the Department…
An Astoria woman was discovered dead in Queens Village last month and her family is seeking information about a man who was allegedly seen wheeling her lifeless body on a dolly and then dumping her on the side of the road hours earlier – with a $35,000 reward being offered for the information. Claire McKenna,…