#Fraud

#Fraud

Fallen fintech phenom Charlie Javice, convicted of tricking JPMorgan Chase into paying $175 million for Frank, her student financial aid website, is asking a federal judge for a no-jail sentence and zero restitution. Late Monday, lawyers for Javice, 33, filed nearly 300 pages of legal arguments and support letters ahead of her scheduled September 29 sentencing on four counts of defrauding the largest US bank.

Tech giants have a clear responsibility here: the tools already exist to disable stolen devices, and it's time to use them.

As a quick recap, Holmes claimed that her company had invented a medical testing device, called Edison, that could detect a wide range of illnesses - diabetes, cancers, and more - with just a few pinpricks of blood. These claims were nothing short of fantastical, according to experts, and absolutely not based in reality: the Edison machine didn't actually work, and wrought havoc in the lives of patients who received misdiagnoses.

Theft by false pretenses: A Saratoga resident reported that someone emailed them posing as a representative with an online payment company, claimed $10,000 was mistakenly deposited into the victim's account, and then instructed the victim to mail cash to an unknown address in Southern California, to which the victim complied, for a total loss of about $9,500. Identity theft: A Saratoga resident reported that someone used their personal information to obtain bank and cellular phone service accounts. No financial loss was reported.

Between November 1, 2022, and December 30, 2023, a group of three individuals allegedly used a network of websites to purchase over 379,776 tickets from Ticketmaster, spending $57 million. They resold those tickets for nearly $64 million.

Singer Sean Kingston received a sentence of three and a half years in prison for a $1 million fraud scheme involving luxury items he did not pay for.

A Nigerian man, Chukwuemeka Victor Amachukwu, has been extradited to the U.S. to face charges of computer hacking, fraud, and identity theft.

Four men have been charged for a series of burglaries where victims were allegedly targeted on LGBT dating app Grindr.

Hewlett Packard (HP) is set to recoup more than 700 million ($944 million) from the estate of the late Mike Lynch and his former business partner, Sushovan Hussain.