#wire fraud
#wire fraud

US politics

E.V. Start-Up Founders Made Big Claims. Now One Could Go to Prison.

Founder of electric truck company Nikola, Trevor Milton, expected to face significant prison time for securities and wire fraud.

Nikola's case highlights the financial damage caused by electric vehicle start-ups with exaggerated claims and lack of profits. [ more ]

Ars Technica

Man indicted in cryptojacking scheme that stole $3.5M from cloud providers

Indictment of Nebraska man for $3.5 million cryptojacking scheme involving cloud providers. [ more ]

TechCrunch

1 month ago

Cryptocurrency

SBF's prison sentence marks the end of the crypto grift era - so what's next? | TechCrunch

FTX CEO sentenced to 25 years in prison for wire fraud and money-laundering.

FTX exchange used customer deposits for illegitimate purposes, leading to billions in losses.

The era of get-rich-quick schemes in crypto may be ending, transitioning to a more sober phase focused on useful applications. [ more ]

Brooklyn Paper

Jury finds 'Bling Bling Bishop' guilty of wire fraud, lying to FBI and attempted blackmail * Brooklyn Paper

Lamor Whitehead found guilty of wire fraud and extortion after two-week trial.

Damian Williams highlights Whitehead's history of lies and fraud. [ more ]

BKReader

Brooklyn

Brooklyn Preacher Found Guilty of Fraud, Attempted Extortion

Brooklyn preacher found guilty of wire fraud and extortion

Prosecutors argued preacher flaunted ties to mayor and used money for lavish lifestyle. [ more ]

www.nytimes.com

New York City

Bling Bishop' Who Boasted of Ties to Eric Adams Is Convicted of Fraud

Whitehead convicted of wire fraud and extortion

Whitehead misrepresented relationship with Mayor Eric Adams [ more ]

moreextortion

www.housingwire.com

4 weeks ago

Artificial intelligence

FundingShield's Ike Suri on the limits of AI in fighting fraud

High percentage of loans showing fraud risks, particularly wire fraud risk at 9.2%. [ more ]

Miami Herald

Miami

Two Miami PD employees admitted committing two COVID-19 relief frauds worth $50,000

Miami Police Department employees guilty of COVID-19 relief fraud

Misuse of PPP program for personal gain [ more ]

Miami Herald

Miami

Miami man stole IDs of 50 bank clients, swindling $2M from their accounts, feds say

A 24-year-old man in Miami is accused of stealing identities and wire fraud totaling over $2 million.

The suspect used personal information from Citibank customers in a nationwide scheme conducted over almost a year. [ more ]

Chicago Tribune

Chicago

Chicago rapper G Herbo sentenced to three years probation for fraud involving private jets, a Jamaican villa and 'designer puppies'

G Herbo, a Chicago rapper, was sentenced to three years of probation on federal wire fraud charges for using stolen identities to fund luxury purchases.

His defense team requested probation, while the prosecution requested prison time and supervised release.

Wright grew up in a troubled Chicago neighborhood plagued by gang violence. [ more ]

Chicago Tribune

Chicago

Ex-celebrity lawyer Tom Girardi, facing federal wire fraud charges in Chicago, found competent to stand trial in California

Disgraced lawyer Tom Girardi has been found competent to stand trial for stealing over $15 million from his clients.

Girardi is facing charges of wire fraud and embezzlement from clients, including a widow, a couple injured in a car wreck, and a victim of a gas pipeline explosion. [ more ]

Vulture

Chicago

RHOBH Lawyer Tom Girardi Declared Competent Enough for Scamming Trial

Tom Girardi has been deemed competent to stand trial for accusations of embezzlement and wire fraud.

Girardi is also facing indictments in Chicago for allegedly stealing money from the victims of the Lion Air Flight JT 610 crash. [ more ]

Databreaches

France news

Sebastien Raoult sentenced in federal court; could be out in less than 11 months

Sebastien Raoult, aka 'Sezyo,' has been sentenced to 36 months in prison for conspiracy to commit wire fraud and aggravated identity theft.

Raoult's extradition fight included seeking intervention from the United Nations Committee Against Torture, but he was ultimately extradited to the US by Morocco. [ more ]

Sacramento Bee

California

Man pleads guilty to stealing $5M in canola crop in California. He bought homes, feds say

Shawn Sawa pleaded guilty to stealing almost $5 million worth of canola crop and could face 20 years in prison.

Sawa and Richard Best carried out the scheme to sell the stolen canola and used the stolen money for personal expenses. [ more ]

Sacramento Bee

California

Ex-celebrity lawyer Tom Girardi found competent to stand trial for alleged $15 million client thefts

Disgraced Los Angeles celebrity lawyer Tom Girardi has been found competent to stand trial on charges that he stole more than $15 million from his clients.

The Sacramento Bee

California

Read the indictment against Sean Loloee - the Sacramento councilman faces 25 charges

Sacramento City Councilman Sean Loloee has been indicted on 25 charges, including conspiracy to defraud the US Department of Labor and possession of false immigration documents.

Loloee and a supermarket manager are accused of hiring employees with phony immigration documents. [ more ]

BKReader

Brooklyn

Brooklyn Moving Company Workers Guilty in $3 Million Scam to Overcharge Customers

Two workers at a Brooklyn moving company have been found guilty of holding customers' belongings hostage until they paid additional illegal fees.

The workers scammed over 800 customers out of a total of $3 million by adding last-minute expenses. [ more ]

Chicago Tribune

Digital life

Track coach pleads guilty tricking women into sending him nude photos

Former college track and field coach pleads guilty to setting up fake accounts to obtain explicit photos from women.

The coach also cyberstalked and hacked into the social media accounts of one victim.

Waithe's sentencing is scheduled for March 6, 2024. [ more ]

Boston.com