fraud

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Carlson's Lawyer Sends 'Aggressive' Letter to Fox

It claims Fox violated his contract, rendering it void

(Newser) - Before relaunching his show on Twitter, Tucker Carlson sent an "aggressive letter" to former employer Fox News, arguing that he's free from his contract and its noncompete clause because Fox violated the contract first. That's according to Axios , whose sources say Carlson's lawyer sent the letter...

NY AG: Trumps Stalling on Documents—Especially Ivanka

Letitia James' office says former president, kids are hanging on to relevant correspondence in civil case

(Newser) - Last year, former President Trump was held in contempt of court and ordered to pay a $110,000 fine for not complying with a subpoena from the New York attorney general's office in a civil complaint against him. Now, the office of DA Letitia James is slamming Trump, the...

'We Build The Wall' Founder Sentenced to 4 Years

Brian Kolfage tells judge he is 'remorseful, disgusted, humiliated'

(Newser) - The co-founder of a fundraising group linked to Steve Bannon that promised to help Donald Trump construct a wall along the southern US border was sentenced to four years and three months in prison on Wednesday for stealing hundreds of thousands of dollars from donors. Brian Kolfage, a decorated Air...

Ex-WWE Wrestler Now Charged in Favre Scandal

Ted 'Teddy' DiBiase Jr. allegedly received $3M in welfare funds, used to purchase house and boat

(Newser) - The son of WWE legend The Million Dollar Man is accused of using federal funds meant to help poor children to buy toys for himself. Ted DiBiase Jr., a former pro wrestler himself, was indicted Thursday on charges of wire fraud, theft concerning programs receiving federal funds, and money laundering...

Former 1-800-GET-THIN Doc: 'I Live in Constant Remorse'

Julian Omidi gets 7 years behind bars for hawking unnecessary surgeries, defrauding insurance firms

(Newser) - The man behind 1-800-GET-THIN has been sentenced to seven years in prison for a fraud scheme that saw insurance companies billed nearly $120 million for forged sleep studies and unnecessary surgeries. Charged in 2018, Julian Omidi, 54, of West Hollywood, California, was convicted in December 2021 of 28 counts of...

They Played Ads in Doctors' Offices, Are Guilty of Fraud

Outcome Health's former leaders inflated numbers, lied to clients and investors

(Newser) - As far as health-tech startup concepts go, Outcome Health's was fairly basic: It put TV screens and tablets in doctor's offices and waiting rooms and ran big-name pharmaceutical companies' ads on them, reaching a valuation of $5.5 billion in May 2017. But the Wall Street Journal pulled...

Fake Basquiats Took as Little as 5 Minutes to Create

California man admits involvement in art fraud scheme that embarrassed Orlando art museum

(Newser) - Most of the 25 paintings displayed in the Orlando Museum of Art's Jean-Michel Basquiat exhibit were actually created by a 45-year-old auctioneer from California, whose name appeared on a shipping label on the back of one of the cardboard canvases, authorities say. Prosecutors announced they'd reached a plea...

SEC: Buzzy Start-Up Founder Committed 'Old-School Fraud'

Charlie Javice is charged in connection with her sale of Frank to JPMorgan Chase

(Newser) - The tables have turned for Charlie Javice, who landed a spot on Forbes' 30 Under 30 list and sold her college financial planning platform, Frank, to JPMorgan Chase for $175 million. On Tuesday, the DOJ and SEC charged the 31-year-old with criminal and civil fraud charges in relation to the...

Principal Quits After Being Scammed by Fake Elon Musk

She wrote $100K check after months of communicating with fraudster

(Newser) - The principal of a charter STEM school in Florida resigned this week after saying she had been taken in by a scammer pretending to be Elon Musk. "I am a very smart lady. Well-educated. I fell for a scam," Dr. Jan McGee told a board meeting, per WESH...

Fugitive 'Cryptocrash' Boss Is Arrested in Montenegro

Do Kwon of Terraform Labs faces charges in 2 countries over $42B crash

(Newser) - A cryptocurrency boss facing fraud charges in the US and South Korea has been arrested far away from both in Montenegro. Terraform Labs founder Do Kwon, charged in connection with the $40 billion collapse of the firm's cryptocurrency, has been wanted in South Korea since September. He and another...

Scathing Report Accuses Jack Dorsey of Fraud

Short seller Hindenburg says his Block mobile payment company has inflated user numbers

(Newser) - Earlier this year, the short seller Hindenburg Research accused an Indian conglomerate of shady business practices and caused its stock to plunge. On Thursday, Hindenburg was giving the same treatment to Jack Dorsey, the former CEO of Twitter who now runs the mobile payment company Block. Hindenburg says Block, formerly...

Feds Charge Bannon Ally in $1B Fraud

Guo Wengui accused of defrauding investors, laundering funds

(Newser) - A billionaire who fled China before he could be arrested on charges including fraud in 2014 has been charged with fraud in the US. Guo Wengui, a close ally of former Trump adviser Steve Bannon, was arrested on federal charges early Wednesday at his $32 million Manhattan apartment, ABC reports....

Man Sues Buffalo Wild Wings, Says Its Wings Are Bogus

Because the chain's boneless wings are really made from chicken breasts

(Newser) - A Chicago man who expected he was eating boneless chicken wings while dining at Buffalo Wild Wings says what he got was a whole lot closer to chicken nuggets—and he filed a class-action suit Friday over what he alleges is fraud. Aimen Halim says he ordered "boneless wings"...

An Ex-Roommate of Santos Emerges With New Allegation

Gustavo Ribeiro Trelha says congressman was the one behind his 2017 ATM fraud scheme

(Newser) - A man convicted of fraud in a 2017 credit card skimming scheme in Seattle is now blaming a familiar name for setting the entire operation up. "I am coming forward today to declare that the person in charge of the crime of credit card fraud when I was arrested...

Feds Say Software CEO Stole Millions While Workers Went Unpaid

Slync's Chris Kirchner charged in $67M fraud

(Newser) - The co-founder and former CEO of logistics software company Slync is accused of scamming investors for tens of millions of dollars to live a lavish lifestyle while employees went unpaid. Chris Kirchner, 35, is accused of misappropriating $28 million between March 2020 and August 2022, when he was ousted by...

Musk Celebrates Verdict: 'Wisdom of the People Has Prevailed!'

Jurors decide Musk didn't defraud Tesla investors with 2018 posts about EV automaker

(Newser) - A jury on Friday decided Elon Musk didn't defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled and raised questions about whether the billionaire had misled investors. The nine-member jury reached its verdict after less than two hours of deliberation following...

Billionaire's 413-Page Rebuttal Doesn't Help

Stock rout of Gautam Adani's business empire in India continues amid allegations of fraud

(Newser) - India's richest man continues to become less rich by the day as he confronts allegations of fraud related to his business empire. Gautam Adani's Adani Group issued a 413-page rebuttal to the accusations raised by the US firm Hindenburg Research . The latter accused Adani, one of the richest...

26 Years Ago, She Stole $600K and Fled. Now, an Arrest

Ex-bank teller who got plastic surgery before going on the run is captured in China

(Newser) - Even plastic surgery to help hide her identity couldn't keep persistent authorities from finally tracking down a bank teller who stole hundreds of thousands of dollars from her employer more than 25 years ago. Vice reports on the story out of China, which starts in 1997 in Yueqing. At...

He Infamously Faked Being a Doctor. Now, a New Scheme

Malachi Love-Robinson handed a 28-month sentence over theft from employer

(Newser) - A serial grifter who gained national infamy as a teenager when he impersonated a doctor to defraud a patient is heading back to prison after pleading guilty to stealing more than $10,000 from his employer. Malachi Love-Robinson, 25, received a sentence of over two years and four months last...

Feds Nab Pastor, Son in Alleged $8.4M COVID Scam

Evan and Josh Edwards accused of setting up fake ministry, trying to buy posh home near Disney

(Newser) - In early July, NBC News filed a report about a Florida pastor and his family, accused by federal prosecutors in late 2020 court papers of pulling off a big-bucks COVID relief scam. "Why haven't they been charged?" the news outlet asked regarding the "curious" case. That question...

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