‘Sweetheart Deal:’ Boeing Faces $243M Fine After Agreeing to Plead Guilty to Criminal Fraud in 737 Max Crash Case
Boeing has reportedly agreed to plead guilty to criminal fraud charges related to the deadly 737 Max crashes, a move that will brand the aerospace giant a felon but avoid a trial. The company is likely to be fined $243 million, a tiny fraction of the company’s $78 billion in annual revenue, and victims’ lawyers […]
Boeing agrees to plead guilty to criminal fraud over fatal 737 MAX crashes: DOJ
The Department of Justice reported Sunday night that Boeing plans to plead guilty to criminal fraud stemming from two 737 Max crashes in 2018 and 2019 that killed 346 people. Associated Press report. Boeing was accused of violating a 2021 deferred prosecution agreement with the Department of Justice that protected the company from criminal prosecution […]
Wells Fargo Claims Customers Are Liable for Unauthorized Transfers, Say Victims of Bank Fraud, As New Class-Action Lawsuit Filed in Federal Court – The Daily Hodl
Wells Fargo is facing a new class action lawsuit that alleges it violated the law by holding customers liable for fraudulent transfers. of suitThe lawsuit, filed in Pennsylvania federal court by Jennifer Rice and Eric Westervelt, alleges that Wells Fargo routinely violates the Electronic Funds Transfer Act by failing to compensate victims for their losses. […]
Is Black Lives Matter a Racist Fraud?
Estimated Reading Time: 4 minutes Black Lives Matter claims to be fighting for things it calls “social justice” or “black liberation” and “black sovereignty.” It’s conveniently unclear how anyone would know when those goals are met. Meanwhile, they do promise to “burn down the system” if they don’t achieve success. Some of these conflagrations are […]
Mail Fraud
Estimated Reading Time: 3 minutes A recent cover of The Week magazine proclaimed “Undermining Democracy. The GOP’s blueprint for nullifying Democratic votes in 2024“. The article was another installment of the concentrated effort on the Left to convince Americans that voter fraud is essentially nonexistent, just a hoax used by Republicans as an excuse to […]
How criminals are exploiting personal information to target vulnerable seniors in elder fraud
Scammers are using leaked personal information to rob older Americans of their hard-earned money. According to the FBI’s IC3 report, people over the age of 60 will lose $3.4 billion to fraud in 2023, a 10.6% increase from 2022. Tech support scams are the most common, affect the most people and cause the most financial […]
Alzheimer’s Researcher Indicted for $16 Million NIH Funding Fraud
A federal grand jury has reportedly indicted Hoau-Yan Wang, 67, a professor of medicine at the City University of New York, on charges of falsifying data to fraudulently obtain $16 million in federal research funding from the National Institutes of Health (NIH) for the development of a controversial Alzheimer’s disease drug and diagnostic test. Ars […]
Short seller Hindenburg banked just $4M from $150B market rout after accusing India giant of fraud
Short seller Hindenburg Research acknowledged that it made just $4 million in profits after making a massive claim that wiped $150 billion out of the value of a major Indian conglomerate owned by one of the world’s richest men. Hindenburg denied allegations by India’s securities regulator last year that it conspired with a U.S. asset […]
Medicare pushes new payment rule after alleged $3 billion fraud scheme – The Washington Post
Federal regulators are calling for an overhaul of how Medicare pays health care providers after a $3 billion scheme to defraud the agency became one of the largest in history. Over the course of more than a year, about a dozen companies used the personal information of Medicare recipients and doctors to submit bills to […]
Indian American Physician, 51, Pleads Guilty To Healthcare Fraud – NDTV
Washington: A 51-year-old Indian-American doctor from the Chicago area has pleaded guilty to federal health care fraud for billing Medicaid and private insurers for services that did not exist. Mona Ghosh, who owns and operates Progressive Women’s Healthcare, which specializes in obstetrics and gynecology services, pleaded guilty to two counts of health care fraud. Each […]