fraud
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Social media scammers made off with a crazy amount of cash in 2021. According to a Jan. 25 report put out by the Federal Trade Commission (FTC), over 95,000 people reported $770 million had been lost to social media fraud in 2021. What’s more shocking is the losses only accounted for 25% of all reported fraud in 2021, […]
A client development manager at a Saks Fifth Avenue store is facing prison time after he allegedly defrauded the store out of nearly $1 million. Local 10 News reports Peter Matthew Pagan, 34, of Miami, was arrested on Tuesday on accusations that he defrauded a Saks store in Bal Harbour, a village located in Miami-Dade County, out of $800,000. Pagan has […]
The founder and former CEO of Theranos, an upstart biotech company specializing in using blood to discover illnesses in patients, has been found guilty on four of 11 charges of defrauding the company’s investors and patients by being dishonest about the accuracy of the technology they were using. According to NPR, Holmes is facing up to […]
A California couple, both fugitives, have been sentenced to federal prison time in connection with a multimillion-dollar pandemic relief fraud plot. Per a KTLA report, the couple—identified as 43-year-old Richard Ayvazyan and 37-year-old Marietta Terabelian—are alleged to have removed their monitoring bracelets prior to this week’s sentencing. Over the summer, the two were among those convicted for […]
The owner of solar energy company based in California was sentenced Tuesday to 30 years in prison for swindling investors as part of a billion-dollar Ponzi scheme, the Department of Justice announced. U.S. District Judge John A. Mendez handed down the sentence after Jeff Carpoff, 50, pleaded guilty to conspiracy to commit wire fraud and money laundering […]
ComplexCon returns to Long Beach Nov. 6 – 7 with hosts J. Balvin and Kristen Noel Crawley, performances by A$AP Rocky and Turnstile, and more shopping and drops. Secure your spot while tickets last! Buy tickets A Maryland man is facing 20 years behind bars for his role in creating a bogus website that purportedly […]
ComplexCon returns to Long Beach Nov. 6 – 7 with hosts J. Balvin and Kristen Noel Crawley, performances by A$AP Rocky and Turnstile, and more shopping and drops. Secure your spot while tickets last! Buy tickets Michael C. Moller couldn’t kick his scamming habits—even when he was put behind bars. According to Insider, the 42-year-old Rhode […]
TMZ has learned that Kevin O’Leary and Kevin Harrington from the hit reality show Shark Tank are being accused of defrauding entrepreneurs in a lawsuit filed by 20 people. The suit alleges O’Leary and Harrington would try to persuade investors and entrepreneurs to hire either InventureX or Ideazon to assist with the crowdfunding efforts of their startups. These perspective clients were […]
A doctor in Connecticut who was previously arrested for allegedly selling opioid prescriptions for cash has now been accused of attempting to hire a Hells Angels member to take out a witness in the impending trial. The doctor in question, Anatoly Braylovsky, is said to be an internal medicine physician who once operated the Family Practice […]
On Monday, a 19-page indictment was unsealed in U.S. District Court in Massachusetts that charged a father, Ali Jaafar, along with his sons, Mohamed and Yousef Jaafar, with more than a dozen counts of fraud, money laundering and tax evasion over an alleged ticket-cashing scheme that primarily involved scratch-off lotto tickets sold at convenience stores. Prosecutors say the trio took […]
