U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. Tesla’s Autopilot and Full Self-Driving systems assist with steering, braking …
An Iowa man pleaded guilty to wire fraud for using his position as an insurance agent and annuity salesperson to defraud elderly individuals out of their retirement savings and other monies. Zachary James Flaherty, age 47, of Clive pled guilty …
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday, while three federal regulatory agencies sued him and his company. Mashinsky, 57, was …
Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as to how U.S. law treats cryptocurrency, as other high-profile defendants in criminal cases involving digital assets have done. That is …
United States Attorney Duane A. Evans announced on May 25, 2022 that Doniesha Gibson (Gibson) age 31, of New Orleans, Louisiana and Erica Lee Thompson (Erica Lee), age 47, of Harvey, Louisiana, were sentenced for Conspiracy to Commit Wire Fraud, …
The star portfolio manager at the center of a fraud at the U.S. funds unit of Allianz SE relied on the German insurer’s good name to lure investors and thrived from a lack of oversight as he pocketed $60 million …
The UK seized 2 million pounds ($2.61 million) from a London-based fintech firm, saying that the funds were linked to a $150 million U.S. wire fraud conspiracy. QPay Europe Ltd., which offers due diligence and underwriting services, agreed to forfeit …
Maria Caceres an Indiana travel agent was sentenced last week to 30 months in federal prison following her conviction of wire fraud, to which she had previously plead guilty. According to court records, the 56-year old Caceres was employed by …
A Massachusetts man who pleaded guilty to defrauding Texas chicken products companies out of $630,000 through a fake invoice scheme has been sentenced to more than four years in federal prison, prosecutors said. Yannick Minang, 27, of Hingham was sentenced …
A U.S. Army veteran in Maryland is facing federal charges for falsely claiming to be a paraplegic to obtain more than $1 million in government disability benefits. A federal criminal complaint charged William Rich of Windsor Mill, Maryland, for allegedly …
