#investment-fraud

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fromThe Mercury News
1 week ago

Santa Cruz tech CEO indicted on wire fraud charges over purported music streaming service

Hank Risan, CEO, faces charges of wire fraud for misrepresenting his companies and music streaming service to investors.
fromSFGATE
2 weeks ago

Calif. man accused of scamming dating app users out of $2 million

According to the Central District of California U.S. Attorney's Office, a California man was indicted on 13 counts of wire fraud for scamming dating app users out of $2 million.
US news
fromwww.whittierdailynews.com
2 weeks ago

California man accused of using dating apps to scam people of more than $2 million

Christopher Earl Lloyd, 39, was charged with 13 counts of wire fraud for allegedly using dating apps to scam over $2 million from victims by lying about his financial success.
US politics
fromOCCRP
2 weeks ago

Behind the Scam: How Fraudsters Use Social Media, Software, and Shell Companies to Steal Millions

Affiliate marketers use phishing ads to collect victim data for call centers offering fake investment opportunities.
#ponzi-scheme
fromFortune
1 month ago
US politics

Republican banker accused in $140 million Ponzi scheme bought a Patek Philippe watch, jaunts to Kennebunkport, and put millions on his credit cards

fromFortune
1 month ago
US politics

Republican banker accused in $140 million Ponzi scheme bought a Patek Philippe watch, jaunts to Kennebunkport, and put millions on his credit cards

more#ponzi-scheme
fromBusiness Insider
4 weeks ago

Fyre Festival's Billy McFarland just sold the brand for $245,000. He still owes his victims $26 million.

Billy McFarland auctioned the branding rights of Fyre Festival on eBay for $245,300, receiving 175 bids, highlighting the event's lasting notoriety and his future endeavors.
Social justice
fromThe Hacker News
1 month ago

BaitTrap: Over 17,000 Fake News Websites Caught Fueling Investment Fraud Globally

Large-scale scams using fake news websites target online investors across 50 countries.
#securities-fraud
fromBoston.com
1 month ago
Boston real estate

Former hotel worker accused of swindling coworkers out of $700K in investment scam

fromBoston.com
1 month ago
Boston real estate

Former hotel worker accused of swindling coworkers out of $700K in investment scam

more#securities-fraud
fromLifehacker
2 months ago

Those Investment Ads on Facebook Are Scams

Current investment scams utilize fraudulent Facebook ads impersonating well-known investors to exploit emotional vulnerabilities, leading to significant financial losses.
NYC startup
fromInsideEVs
2 months ago

Want A Nikola Hydrogen Truck? Now's Your Chance

Nikola Motors has filed for bankruptcy, selling hydrogen trucks but facing credibility issues and infrastructure challenges.
fromwww.theguardian.com
3 months ago

Former footballers claim financial grooming' took them to hell and back'

Former footballers are facing severe financial and mental health issues due to fraudulent investment schemes and penalties from HMRC.
fromTechzine Global
3 months ago

Research exposes large-scale investment fraud via the internet

Cybercriminals exploit sophisticated methods for investment fraud, leading to significant financial losses for victims.
fromTechCrunch
3 months ago

Indian ride-hailing startup BluSmart swept up in Gensol investigation alleging misuse of EV loans | TechCrunch

India's SEBI is investigating Gensol Engineering for alleged misuse of loans meant for electric vehicle purchases.
fromSFGATE
4 months ago

Bay Area tech startup CEO gets prison time for lying about product

Shaukat Shamim, the founder of YouPlus, was sentenced to 2.5 years for defrauding investors, raising $17 million by falsely claiming advanced AI capabilities.
NYC startup
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