Fraud
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Turkey probes Thodex crypto exchange over alleged $2 billion fraud
Turkish prosecutors launched an investigation into a cryptocurrency exchange Thursday over allegations it may have defrauded some 390,000 investors of an estimated $2 billion.
The office of Istanbul’s chief prosecutor said it was probing the Thodex cryptocurrency exchange following complaints...
Two former mariners plead guilty to bribery in U.S Coast Guard exam fraud scheme
U.S. Attorney Duane A. Evans announced the guilty pleas of two middlemen in a test score-fixing scheme at a United States Coast Guard exam center, bringing the total number of defendants convicted in this case to 21.
Former mariners ALEXIS BELL and MICHEAL...
Former NHS executive jailed for £1.4m fraud
A former NHS executive has been jailed for defrauding the health service and several companies - including those providing care for vulnerable adults.
Stephen Day, who was also a chartered accountant, was sentenced to 11 years and five months in...
Chile sentenced former senator Jaime Orpis to five years in prison for tax fraud
Former conservative Senator Jaime Orpis has been bestowed Friday with the dubious honour of becoming Chile's first-ever politician to be handed down a jail sentence for his involvement in acts of corruption.
Orpis, of the ultra-conservative Independent Democratic Union (UDI)...
UK government approve extradition of Nirav Modi to India to face fraud charges
In a victory for Narendra Modi government, UK Home Secretary Priti Patel on Friday has approved the extradition of fugitive diamond merchant Nirav Modi, wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab...
China fines LeEco founder Jia Yueting $37m for IPO fraud
Jia Yueting, founder of formerly highflying technology conglomerate LeEco Holdings, has been fined $36.81 million by Chinese regulators over false and inadequate financial disclosures in the 2010 IPO of its video streaming unit in Shenzhen and other fundraisings.
The fine...
Actor Zachary Horwitz arrested for running a $690 million Ponzi scheme
A Los Angeles actor was the mastermind of a $690 million Ponzi scheme that bilked investors who thought their money would finance distribution rights for movies that would run on HBO and Netflix, according to authorities.
Zachary Joseph Horwitz, who...
Oil heiress Anna Bettozzi arrested in mafia fuel fraud operation
Dozens of people have been arrested, including an oil heiress and singer who was found with €300,000 (£260,000) in cash when her Rolls-Royce was pulled over in 2019, as Italian police disrupted a massive fuel fraud by mafia groups.
Police...
Former FBI official jailed for receiving bribes and tax fraud
Former Federal Bureau of Investigation (FBI) official James Heslep, 52, of Gainesville, Virginia, was sentenced to 39 months in federal prison followed by three years of supervised release for receiving a bribe by a public official, Acting U.S. Attorney...
Malaysia ex-PM Najib Razak faces bankruptcy over $400 million tax bill
Malaysia’s former prime minister Najib Razak has been served with a bankruptcy notice for failing to pay more than $400 million in unpaid taxes, a move that the ex-premier described as an attempt to destroy his political career.
Najib, who...
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Winnsboro police lieutenant indicted for soliciting sex from woman involved in car crash
A Winnsboro police lieutenant was charged with public bribery and abuse of office after reportedly soliciting sex and money...