Tag: Frauds and Swindling

Deutsche Bank Caught Up in Scandal Over Malaysian 1MDB Fund

Federal prosecutors are investigating Deutsche Bank’s role in a scheme that looted a Malaysian government fund, drawing the troubled German bank into a scandal that has already ensnared an American competitor, Goldman Sachs. Deutsche Bank released a statement on Wednesday saying it had cooperated fully with all inquiries related to the fund, 1Malaysia Development Berhad, […]

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Puerto Rico Ex-Officials Accused of Steering $15.5 Million in Contracts to Consultants

MIAMI — The federal authorities in Puerto Rico unveiled a sprawling corruption investigation into high levels of the island’s government on Wednesday, announcing arrests and criminal charges against six people, including two former agency directors. The Justice Department accused Julia Keleher, the former education secretary, and Ángela Ávila Marrero, the former executive director of the […]

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Nxivm’s Keith Raniere Convicted in Trial Exposing Sex Cult’s Inner Workings

[What you need to know to start the day: Get New York Today in your inbox.] He was a con man who stole money and created a harem of sexual “slaves,” branded with his initials and kept in line with blackmail, prosecutors said. But he claimed he was only helping his followers reach personal fulfillment […]

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Nxivm Trial: Leader Convicted After Trial Exposed Sex Cult’s Sordid Inner Workings

[What you need to know to start the day: Get New York Today in your inbox.] He was a con man who stole money and created a harem of sexual “slaves,” branded with his initials and kept in line with blackmail, prosecutors said. But he claimed he was only helping his followers reach personal fulfillment […]

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Paul Manafort Seemed Headed to Rikers. Then the Justice Department Intervened.

[What you need to know to start the day: Get New York Today in your inbox.] Paul J. Manafort, President Trump’s former campaign chairman who is serving a federal prison sentence, had been expected to be transferred to the notorious Rikers Island jail complex this month to await trial on a separate state case. But […]

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Bribes and Backdoor Deals Help Foreign Firms Sell to China’s Hospitals

BEIJING — A trip to the sauna. A golf club membership. Luxury watches. Neatly packed bricks of red Chinese bills worth $220,000. The bribes lined the pockets of health care officials across China. Their purpose: to get public hospitals to buy millions of dollars’ worth of sophisticated medical equipment made by foreign companies like General […]

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Retouching the Mona Lisa Is Restoration, but a Mickey Mantle? Collectors Cry Fraud

A scandal in the world of baseball card collecting threatens to undermine the value of a long-established card grading system, has put into question the legitimacy of a prominent marketplace and has raised concerns that some collectors overpaid for expensive cards. Millions of dollars’ worth of cards are at stake as collectors question purchases and […]

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Sara Netanyahu Cuts Plea Deal in Catering Case

JERUSALEM — Sara Netanyahu, the wife of Prime Minister Benjamin Netanyahu of Israel, accepted a plea bargain on Wednesday morning and will pay about $15,000 in fines and restitution to settle accusations that she misused about $100,000 in public funds in managing the couple’s official residence. Prosecutors said that Ms. Netanyahu, whom they charged with […]

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Insys, the Opioid Drug Maker, Files for Bankruptcy

The opioid manufacturer Insys Therapeutics filed for bankruptcy protection Monday, days after agreeing to pay $225 million to settle a federal investigation into the marketing practices for its powerful fentanyl painkiller. The company said it would continue operating while it comes up with a plan to pay its creditors, including the Justice Department, under Chapter […]

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Deutsche Bank Acknowledges Lapse in Checks on Money Laundering

FRANKFURT — Deutsche Bank on Monday acknowledged a lapse in its money laundering controls, underlining the bank’s continuing struggle to move beyond a series of scandals that have helped push its stock price to a record low. An internal audit uncovered deficiencies in the way that the bank processed checks on behalf of clients, Deutsche […]

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Insys, the Opioid Drug Maker, to Pay $225 Million to Settle Fraud Charges

The opioid manufacturer Insys Therapeutics agreed to pay $225 million to settle federal criminal and civil charges that it illegally marketed a highly addictive fentanyl painkiller to doctors, federal prosecutors said on Wednesday. As part of the deal, a subsidiary of Insys will plead guilty to five counts of mail fraud and the company will […]

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Paul Manafort to Be Sent to Rikers, Where He Faces Solitary Confinement

Paul J. Manafort, President Trump’s former campaign chairman who is serving a federal prison sentence, is expected to be transferred as early as this week to the Rikers Island jail complex in New York City, where he will most likely be held in solitary confinement while facing state fraud charges, people with knowledge of the […]

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Their Children Were Conceived With Donated Sperm. It Was the Wrong Sperm.

Seventeen years ago, when she was in her thirties, Cindy and her female partner decided they wanted to have children. The couple spent hours pouring over sperm donor profiles, finally settling on an anonymous man with a clean medical record and few health issues in his family. He was an anonymous donor, and they knew […]

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Man Who Posed as Saudi Prince and Defrauded Investors Out of $8 Million Is Sent to Prison

The man who called himself Prince Khalid Al-Saud of Saudi Arabia liked the finer things in life: Rolex watches and Cartier bracelets, a Miami penthouse with a door buzzer labeled Sultan and expensive outfits for his Chihuahua, Foxy, whose life he chronicled on Instagram. Sometimes he drove his Ferrari, equipped with diplomatic license plates, to […]

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Nepal Says Everest Rules Might Change After Traffic Jams and Deaths

KATHMANDU, Nepal — After human traffic jams at the top of Mount Everest and an aggressive, unruly atmosphere that has been described as “a zoo,” Nepalese officials said on Wednesday that they were considering changing the rules about who was allowed up the world’s highest mountain. “It’s time to review all the old laws,” said […]

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Your House Is My House, Pakistan’s Rich Say to Its Poor

KARACHI — Pakistan is in the middle of an unusual property boom. Developers grab large tracts of land, stealing them outright or occupying them, advertise mega development projects and then buy off regulators with the money they raise selling some of the land they dubiously claim. Poor people who have lived in their homes for […]

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