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 […]
US Imposes Sanctions On Group Of Accountants For Allegedly Defrauding Americans In Timeshare Schemes
The United States Treasury Department imposed sanctions on Tuesday targeting accountants working with Mexican drug cartels to perpetrate timeshare fraud on Americans. The sanctions are directed at three accountants and four Mexico-based real estate firms linked to the Jalisco New Generation drug cartel, according to CBS News. The U.S. sanctioned other individuals tied to the […]