CNN — More than $60 billion may have been paid out in fraudulent unemployment insurance benefits during the Covid-19 pandemic, according to a report released Monday by the US Government Accountability Office….
Tag: fraud
Elizabeth Warren’s crypto bill targets financial freedom, not fraud
Beyond politically connected scammers and frothy valuations, the attractiveness of cryptocurrencies lies in their potential for doing what cash does, but across distances. When governments inflate money, people turn to other stores…
Treasury’s financial stability watchdog says fraud is rampant in crypto markets
The crypto currency market is rife with fraud, failures to comply with existing laws and big swings in volatility, but the recent implosion of digital currency exchange FTX hasn’t hampered the broader…
Bankman-Fried says he was careless at FTX. Prosecutors say it’s fraud.
Comment on this story Comment Disgraced former FTX chief executive Sam Bankman-Fried spent the month between the collapse of his cryptocurrency empire and his Monday arrest in the Bahamas trying to convince…
Meme-Stock Influencers Charged in $114 Million Fraud Scheme
(Bloomberg) — Social media influencer @MrZackMorris and several others active in last year’s meme-stock frenzy were charged by federal prosecutors with engaging in a $114 million “pump and dump” scheme. Most Read…
DOJ, SEC Charge Eight Social-Media Influencers for Alleged Securities Fraud
Federal prosecutors and the Securities and Exchange Commission charged eight social-media influencers over an alleged stock-manipulation scheme in which they used their platforms to alter stock prices and illicitly make more than…