Charlie Javice, Frank founder convicted of defrauding JPMorgan out of $175M
Charlie Javis, founder of student finance startup Frank, said on Friday that JPMorgan Chase & Co. was acquired by the bank's $175 million company. was found guilty of fraud. The verdict was delivered by Manhattan federal ju trial after six weeks of trial It ended in just six hours of deliberation. Javice, 32, was found […]
Customs and Border Protection director faces charges for allegedly defrauding FEMA
The director of Michigan's U.S. Customs and Border Protection Agency (CBP) is accused of implementing plans to fraudulent the Federal Emergency Management Agency (FEMA) after a series of floods damaged her home in 2023. The Department of Justice (DOJ) on Wednesday sealed off criminal charges against 55-year-old Serina Baker-Hill, engaging in a plot to fraudulent […]
Lake Charles physician, wife agree to pay $450K for defrauding Medicare program – KPLC
Lake Charles, La. (KPLC) – The US lawyers' firm announces Lake Charles' doctors, and his wife agrees to pay $450,000 for inappropriate claims for the “P-Stim” device. Dr. Henry Goolsby, also known as Trip Goolsby, Lake Charles' wife and co-founder Patricia Lenae Goolsby, and its clinic, Infinite Health Integrative Medicine Clinic, have reached a settlement […]
Dem-backing fintech exec arrested for defrauding investors out of $145M
The founder of the multibillion dollars to support the Democrats The “climate-friendly bank” startup startups, which celebrity investors include Leonardo DiCaprio, Orlando Bloom and Drake, have been arrested by federal authorities on allegations of conspiring to deceive investors. Joseph Neil Samberg, 45-year-old Orange County, California resident. He charged himself as an “anti-poverty advocate.” He was […]
Target sued by Florida for defrauding shareholders about DEI
Target was sued by Florida on Thursday for allegedly hiding the risks of diversity and social initiatives that led to customer backlash and wiped out billions of dollars from retailer market value . A securities fraud lawsuit filed in federal court at Fort Myers, Fort Florida, a securities fraud lawsuit by the Florida State Board […]
SoCal pair charged for allegedly defrauding investors out of more than $22 million in cryptocurrency – ABC7 Los Angeles
LOS ANGELES (CNS) — On Friday, a Beverly Hills resident and another man were charged in an indictment with defrauding investors of more than $22 million in virtual currency through various online scams. Gabriel Hay, 23, of Beverly Hills, and Gavin Mayo, 23, of Thousand Oaks, each face one count of conspiracy to commit wire […]
Ozy Media founder Carlos Watson sentenced to nearly 10 years for defrauding investors
Former talk show host Carlos Watson was sentenced Monday to 10 years in prison in a federal financial conspiracy case that accused his once-popular Ozzy Media of being the epitome of a “fake it 'til you make it” startup culture. He was sentenced to nearly a year. It was so extreme that another Ozzie executive […]
Florida man accused of posing as Elon Musk, defrauding elderly woman of $250K
A Florida man has been arrested after impersonating tech billionaire Elon Musk and attempting to scam an elderly woman out of at least $250,000, police said. Jeffrey Arthur Moynihan Jr. was arrested Tuesday night at his home in Bradenton and charged with grand larceny. Reportedly operating under the guise of the CEO of Tesla and […]
Defense contractor Raytheon to pay almost $1B for defrauding DOD
Raytheon Corp., part of parent company defense contractor RTX, is set to settle Justice Department allegations that it defrauded the Department of Defense (Department of Defense) and paid bribes to Qatari government officials to obtain business in Qatar. The company plans to pay more than $50 million. The company is accused of “a large-scale government […]
7 executives charged with defrauding Medicare/Medicaid of $40 million using Colorado labs – CBS News
Seven executives of a genetic testing company were recently indicted by a federal grand jury in Denver for allegedly fraudulently receiving $40 million from state and federal health care systems. The seven executives reside across the country. They used two labs in Colorado to perform genetic tests, which federal prosecutors allege were unnecessary, improperly obtained […]