fraud

Tag Archives: fraud

Pandemic jobless benefits fraud likely tops $60 billion. House GOP to start investigating next week | CNN Politics

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. The watchdog agency, however, warned that the estimate has limitations and should be interpreted with caution. The actual …

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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 of value, including crypto. When politicians and their financial-sector accomplices block transactions of which they disapprove, people look …

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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 the public he was a well-intentioned entrepreneur who simply got in over his head. Federal authorities this week …

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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 from Bloomberg Edward Constantinescu, known on Twitter as “@MrZackMorris,” and Perry Matlock, whose Twitter handle is “@PJ_Matlock,” were …

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