NYC startupfromLos Angeles Times3 weeks agoHe sold investors on a new app, but spent the money on cars, his Malibu mansion and yacht, feds sayBernhard Eugen Fritsch was convicted of fraudulently obtaining $25 million from investors for a tech company, using it for personal luxuries.
fromSFGATE7 months agoStartup companiesBay Area CEO who ran sites for kids sentenced to 7 years in prisonA Bay Area CEO defrauded investors of nearly $9 million, leading to a sentence of 88 months in prison and financial restitution.
fromSFGATE1 day agoNYC startupMan found guilty of SF tech 'sham' where he lied about $30B in profitsRamesh Kris Nathan was convicted for a fraudulent scheme involving false claims about his company's profits and operations.
fromSacramento Bee4 months agoCaliforniaMan swindles churchgoers and spends the money on luxury cars and thrones, feds sayA California man faces charges for swindling elderly investors through a Ponzi scheme and spending the funds on luxury items.
NYC startupfromLos Angeles Times3 weeks agoHe sold investors on a new app, but spent the money on cars, his Malibu mansion and yacht, feds sayBernhard Eugen Fritsch was convicted of fraudulently obtaining $25 million from investors for a tech company, using it for personal luxuries.
fromSFGATE7 months agoStartup companiesBay Area CEO who ran sites for kids sentenced to 7 years in prisonA Bay Area CEO defrauded investors of nearly $9 million, leading to a sentence of 88 months in prison and financial restitution.
fromSFGATE1 day agoNYC startupMan found guilty of SF tech 'sham' where he lied about $30B in profitsRamesh Kris Nathan was convicted for a fraudulent scheme involving false claims about his company's profits and operations.
fromSacramento Bee4 months agoCaliforniaMan swindles churchgoers and spends the money on luxury cars and thrones, feds sayA California man faces charges for swindling elderly investors through a Ponzi scheme and spending the funds on luxury items.
Miscellaneousfromwww.dw.com4 months agoWhat do new findings in JuicyFields cannabis scam reveal? DW 12/03/2024JuicyFields scam involved 200,000 victims and estimated damages of $645 million, revealing significant investment fraud in the cannabis sector.
BusinessfromCoindesk8 months agoU.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto PlatformThe SEC charged brothers Jonathan and Tanner Adam for a $60 million Ponzi scheme targeting over 80 investors with fraudulent crypto trading claims.
BusinessfromCoindesk8 months agoSEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid SchemeSEC filed lawsuit against crypto pyramid scheme NovaTech, accusing fraud and $650 million theft from 200,000 investors globally.
BusinessfromCoindesk8 months agoU.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto PlatformThe SEC charged brothers Jonathan and Tanner Adam for a $60 million Ponzi scheme targeting over 80 investors with fraudulent crypto trading claims.
BusinessfromCoindesk8 months agoSEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid SchemeSEC filed lawsuit against crypto pyramid scheme NovaTech, accusing fraud and $650 million theft from 200,000 investors globally.