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Investment Fraud
Fyre Festival Organizer Billy McFarland Faces Fraud Charges
The man who was the main organizer of the failed Fyre Festival in the Bahamas earlier this year has been arrested by authorities and charged with wire fraud for allegedly bilking investors in his company, Fyre Media, which promoted the
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Barclays Latest Fraud Charges
Barclays, has been charged by the British Serious Fraud Office, along with four of the bank’s former executives with conspiracy to commit fraud. The charges on Barclays came after a five-year investigation into the London-based lender’s fund-raising at the height of the
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Bernie Madoff Fund Still Owes Fraud Victims
The famous Bernie Madoff ponzi scheme is still affecting victims as none of them have received repayments from the company the Department of Justice, tapped to distribute $4 billion recovered from the notorious fraud. Nearly 8½ years after Bernie Madoff was
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World’s Biggest Banks Fined Money Laundering
Regulatory failings from money laundering is a situation several global banks have been apart of, and even paid $321 billion in fines since 2008 for to market manipulation and terrorist financing, according to data from Boston Consulting Group. That tally of
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Top 5 Veteran Scams
Besides elderly fraud, scams targeting veterans are really the tip of the iceberg. Men and women who have proudly served our country are constant targets for scam artists. Swindlers target vets because they know they are drawing guaranteed benefits. While
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GOP Illegally Funneled Corporate Contributions to NC Republican Party
RALEIGH, N.C. — Recently filed state and federal campaign finance reports suggest a national Republican organization may have piped as much as $1.5 million in corporate contributions to the North Carolina Republican Party, prompting a formal complaint from Democrats that
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Hotel Loyalty Points Fraud
A few hours after announcing a massive loyalty points giveaway, Wyndham Hotels and Resorts abruptly cancelled the promotion because of “obvious and significant examples of fraud” before the offer even went live. On Tuesday morning, Wyndham announced that it was launching
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Feds Want ‘Wolf of Wall Street’ Profits To Be Part of $3.5 Billion Fraud Allegations
In a massive lawsuit that reads like an international thriller, the U.S. government claims that well-connected fraudsters stole $3.5 billion from the Malaysian people and used it to buy New York condos, hotels, yachts and a jet. Some of that
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Scandal Costs Grow but Volkswagen Stock Spikes
Volkswagen Group’s emissions scandal rose to more than $20 billion, amid further legal trouble in the U.S. for the German automaker. The company said Wednesday that “legal risks predominately arising in North America” would add another 2.2 billion euros, or $2.4 billion, to
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White-Collar Crime
The term white-collar crime was reportedly coined in 1939, and now the synonymous with the full range of frauds committed by business and government professionals. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent on
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