Financial Crime Page 5 of 13

College scandal middleman blames ‘winning at all costs’

Rick Singer blamed his “winning at all costs” attitude, which he said was caused in part by suppressed childhood trauma, in a letter. More

December 29, 2022

FTX founder Bankman-Fried allowed $250M bond, house arrest

While Sam Bankman-Fried was in the air, the U.S. attorney in Manhattan announced that two of his closest business associates had secretly pleaded guilty. More

December 22, 2022

Former Harvard coach, dad acquitted in college bribery case

Fencing coach Peter Brand was fired from Harvard in July 2019 for violating its conflict-of-interest policy. More

December 22, 2022

FTX founder agrees to extradition to US, attorney says

Once he’s back in the U.S., Sam Bankman-Fried’s attorney will be able to request that he be released on bail. More

December 20, 2022

FTX’s Bankman-Fried charged by US for ‘scheme’ to defraud

The complaint says Sam Bankman-Fried diverted customer funds to Alameda Research LLC, his privately-held crypto fund, without telling them. More

December 13, 2022

Holmes’ former partner gets nearly 13 years in Theranos case

Former Theranos executive Ramesh “Sunny” Balwani was sentenced Wednesday to nearly 13 years in prison for his role. More

December 8, 2022

Holmes’ former partner faces sentencing in Theranos case

Ramesh Balwani was convicted on all 12 felony counts, and his lawyers contend he deserves a far more lenient sentence, preferably in home confinement. More

December 6, 2022

Avenatti sentenced to 14 years in California fraud case

Michael Avenatti, who represented porn star Stormy Daniels against Donald Trump, was sentenced to 14 years in prison for cheating clients out of millions. More

December 5, 2022

Mississippi revises demands on Favre in welfare lawsuit

Mississippi Dept. of Human Services changes its demands against Brett Favre in lawsuit seeking repayment of misspent welfare money. More

December 5, 2022

Favre asks to be dismissed from Mississippi welfare lawsuit

Brett Favre wants to be removed from lawsuit by state of Mississippi that seeks to recover millions in misspent welfare money intended to help the poor. More

November 29, 2022

Elizabeth Holmes gets more than 11 years for Theranos scam

Disgraced Theranos CEO Elizabeth Holmes was sentenced Friday to more than 11 years in prison for duping investors in the failed blood testing startup. More

November 18, 2022

Elizabeth Holmes faces judgment day for her Theranos crimes

A federal judge on Friday will decide the sentence of disgraced Theranos CEO Elizabeth Holmes. More

November 17, 2022

Prosecutors push 15-year sentence for Theranos’ CEO Holmes

Elizabeth Holmes is set to appear for sentencing on Nov. 18 in federal court in San Jose, California, nearly a year after her convictions. More

November 14, 2022

Bid for new trial fails, Elizabeth Holmes awaits sentencing

In the latest twist, Elizabeth Holmes appeared to be pregnant when she showed up for an Oct. 17 hearing about her request for a new trial. More

November 9, 2022

Elizabeth Holmes arrives at federal court in 2022.

Prosecution witness stands by testimony in Holmes trial

Prosecution witness and ex-Theranos lab director Adam Rosendorff stood by earlier testimony during a court appearance in Elizabeth Holmes' fraud trial. More

October 17, 2022

Fake heiress Anna Sorokin talks deportation, house arrest

Fake heiress Anna Sorokin spoke about how important it is to her to remain in New York despite risks of deportation to Germany. More

October 10, 2022

Convicted ‘fake heiress’ released as she fights deportation

Fake German heiress Anna Sorokin, who scammed money and inspired a Netflix series with her story, is being released from ICE custody. More

October 7, 2022

Celebrity attorney Geragos subject of fraud probe

Mark Geragos' clients have included Michael Jackson, Colin Kaepernick, Winona Ryder, Chris Brown, Jussie Smollett and convicted killer Scott Peterson. More

September 28, 2022

Florida man pleads guilty to $7.2M COVID-19 relief fraud

Florida man Don V. Cisternino, who fled the U.S. and was arrested in Croatia, plead guilty to stealing more than $7.2 million in COVID-19 relief... More

September 21, 2022