Fraud

Auditors in Iraq uncover staggering $2.5 billion tax fraud

Auditors in Iraq uncover staggering $2.5 billion tax fraud

BAGHDAD (AP) — Iraqi auditors have uncovered a massive scheme in which a network of companies and officials embezzled some $2.5 billion from the country’s tax administration, despite layers of safeguards. The scandal is a first test for Iraq’s new government, which was formed late last month after a protracted political crisis. Prime Minister Mohammed …

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Sam Bankman-Fried's Crypto 'Fraud' Joins Hall of Shame With Madoff, Holmes

Sam Bankman-Fried’s Crypto ‘Fraud’ Joins Hall of Shame With Madoff, Holmes

It may be a little too soon to lump Sam Bankman-Fried into the same boat as infamous fraudster Bernie Madoff — or maybe not. The full post-mortem of his epic meltdown from crypto prodigy and billionaire to broke crypto villain extraordinaire won’t be ready for some time. Prosecutors for the US Attorney for the Southern …

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Elizabeth Holmes sentenced to more than 11 years in prison for fraud |  CNN Business

Elizabeth Holmes sentenced to more than 11 years in prison for fraud | CNN Business

CNN — Elizabeth Holmes was sentenced to more than 11 years in prison on Friday following her conviction in January for defrauding investors while running the failed blood testing startup Theranos. Judge Edward Davila imposed a sentence of 11 years and three months in prison, with a further three years of supervision after Holmes’ release. …

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Elizabeth Holmes' Fraud Conviction Will Send a Message One Way or Another

Elizabeth Holmes’ Fraud Conviction Will Send a Message One Way or Another

Senator Cory Booker, Democrat of New Jersey, recently praised Elizabeth Holmes’ thoughtful focus and “determination to make a difference.” Actress Ricki Noel Lander said Ms Holmes was ‘a trustworthy friend and a really lovely person’. And Channing Robertson, who was a professor of chemical engineering at Stanford University, praised Ms Holmes for her “compassion towards …

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Roxanna Doss

It’s a Sneaky Time of Year: Take Steps to Protect Yourself Against Holiday Fraud

Roxanna Doss The holiday season is officially upon us. As you prepare your budget for the extra expenses the next few months may bring, it’s important to remember that this season brings an increase in the number of scammers and scammers out to take advantage of your generous holiday spirit. While it’s important to be …

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Scathing Audit Reveals Andrew Cuomo's New York Lost $11 Billion in Unemployment Fraud in 2020

Scathing Audit Reveals Andrew Cuomo’s New York Lost $11 Billion in Unemployment Fraud in 2020

New York let fraudsters off the hook with at least $11 billion in taxpayer cash as unemployment claims soared at the height of the COVID-19 pandemic – helped by relaxed eligibility rules and an already crumbling state unemployment system, Comptroller Tom DiNapoli charged Tuesday. The $11 billion was lost in 2020, under the government of …

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