Tag: Frauds and Swindling

Verdict in Trump Organization Trial Could Come Down to 3 Little Words

A prosecutor, Joshua Steinglass, disputed the defense’s contention that he had to prove that Mr. Weisselberg intended to benefit the Trump Organization — or show that the corporation did indeed benefit. Nevertheless, he said, there was “ample evidence of both.” Mr. Weisselberg, for example, testified that the perks saved the company money in taxes. Mr. […]

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Elizabeth Holmes Is Sentenced to More Than 11 Years for Theranos Fraud

SAN JOSE, Calif. — Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, was sentenced to more than 11 years in prison on Friday for defrauding investors about her company’s technology and business dealings. The sentence capped a yearslong saga that has captivated the public and ignited debates about Silicon Valley’s culture of hype […]

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Private Medicare Plans Misled Customers Into Signing Up, Senate Report Says

Companies selling private Medicare plans to older adults have posed as the Internal Revenue Service and other government agencies, misled customers about the size of their networks and preyed on vulnerable people with dementia and cognitive impairment, according to a new investigation of deceptive marketing practices in the industry released Thursday by the Senate Finance […]

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Right-Wing Operatives Plead Guilty in Voter-Suppression Scheme

Two right-wing political operatives have pleaded guilty in Ohio to a telecommunications fraud charge for arranging thousands of robocalls that falsely claimed that the information voters included with mail ballots could be used by law enforcement and debt collectors, prosecutors said. The operatives, Jacob Wohl, 24, of Los Angeles, and Jack Burkman, 56, of Arlington, […]

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Hasidic School to Pay $8 Million After Admitting to Federal Fraud

The largest private Hasidic Jewish school in New York State stole millions of dollars from a variety of government programs in a yearslong fraud, the school admitted in federal court documents filed on Monday. The operators of the school, the Central United Talmudical Academy, which serves more than 2,000 boys in Williamsburg, Brooklyn, acknowledged that […]

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Trump’s Business, Under Threat, Faces a Tough Test in Court

Mr. Bragg’s tax case grew out of a broader investigation into the former president and whether he fraudulently inflated the value of his properties to obtain favorable deals from lenders and insurers. Seeking an insider to testify against the former president, the district attorney’s office leaned on Mr. Weisselberg, a loyal lieutenant who got his […]

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Florida’s Voter Fraud Dragnet Caused Confusion, Body Camera Videos Show

Gov. Ron DeSantis of Florida announced in August “a first salvo” in what he called a long-overdue crackdown on voting crimes. But newly released body camera footage indicates that people arrested on charges of voting illegally seemed puzzled and appeared to have run afoul of the law through confusion rather than intent. The arrests targeted […]

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Elizabeth Holmes Case Takes On More Drama Ahead of Sentencing

SAN JOSE, Calif. — When Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, was convicted of fraud in January, the verdict represented the end of a drawn-out saga. But in the ensuing months, as Ms. Holmes awaited her sentence, the drama around her case has only escalated. First Ms. Holmes’s co-conspirator, who was […]

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Nikola Founder Trevor Milton Is Convicted of Fraud

In fact, Nikola had produced “not one molecule” of hydrogen, Ms. Estes said. Others in the fledgling green hydrogen industry are still struggling to produce the gas cheaply enough to undercut diesel. Mr. Milton also said he had billions of dollars in binding contracts with trucking companies to buy Nikola vehicles. The “contracts” were just […]

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Trump Forms New Company, in Possible Attempt to Evade NY Lawsuit

In the filing, Ms. James also asked a judge to immediately install a monitor to oversee the company’s disclosures to lenders and insurers, the issue at the heart of her case. The lawsuit, citing “substantial, persistent and repeated fraudulent and misleading conduct,” centers on Mr. Trump’s annual financial statements, yearly records that include the Trump […]

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How Insurers Exploited Medicare Advantage for Billions: ‘The Cash Monster Was Insatiable’

The health system Kaiser Permanente called doctors in during lunch and after work and urged them to add additional illnesses to the medical records of patients they hadn’t seen in weeks. Doctors who found enough new diagnoses could earn bottles of Champagne, or a bonus in their paycheck. Anthem, a large insurer now called Elevance […]

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Few Customers Get Refunds for ‘Rampant’ Zelle Fraud, Senator’s Report Says

Reports of scams and fraud on the bank-owned payment network Zelle are surging, but banks have refused to refund customers for most of their losses — at times outright flouting a federal consumer protection law, according to a report released on Monday by Senator Elizabeth Warren of Massachusetts. The report, based on data sent to […]

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Why Was Pandemic Fraud So Easy?

David A. Farenthold contributed reporting. The Daily is made by Lisa Tobin, Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Dan Powell, Dave Shaw, Sydney Harper, Robert Jimison, Mike […]

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Trump Is Battling a N.Y. Law Used to Take on Corporate Giants

For decades, the New York attorney general’s office has relied on a little known but powerful law to take on what it sees as the most egregious corporate malefactors, including oil producers, big banks, tobacco companies and Martin Shkreli. Now this dubious club has a new member: Donald J. Trump. The attorney general, Letitia James, […]

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Pandemic Unemployment Fraud Estimate Rises to $45.6 Billion

A federal watchdog investigating the distribution of pandemic relief funds has tripled its estimate of the amount of money paid out in unemployment insurance that can be attributed to certain forms of fraud. The watchdog, the office of the inspector general of the Labor Department, previously attributed about $16 billion to duplicate payments or payments […]

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Pandemic Unemployment Fraud Estimate Is Raised to $45.6 Billion

A federal watchdog investigating the distribution of pandemic relief funds has tripled its estimate of the amount of money paid out in unemployment insurance that can be attributed to certain forms of fraud. The watchdog, the office of the inspector general of the Labor Department, previously attributed about $16 billion to duplicate payments or payments […]

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In Mississippi, Welfare for the Well Connected as a Scandal Spreads

​As he became further enmeshed in a scheme that diverted federal welfare money to build a volleyball stadium that cost more than $5 million at the University of Southern Mississippi, the former football star Brett Favre texted a question to the ​head of a nonprofit doling out funds meant to go to welfare recipients in […]

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Indictments Accuse 44 in Minnesota of Brazen Pandemic Aid Fraud

MINNEAPOLIS — The Justice Department said on Tuesday that a federal grand jury had indicted 44 people on charges that they ran a brazen fraud against anti-hunger programs during the coronavirus pandemic, stealing $240 million by billing the government for meals they did not serve to children who did not exist. The case, in Minnesota, […]

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Billy McFarland Is Out of Jail and Ready for His Next Move

“Is this technically Dumbo?” Billy McFarland asked, walking toward the East River shoreline. “It’s super cool. Are the rents here crazy too? “I never spent much time in Brooklyn, until the Brooklyn detention center,” he continued. “I was always like, ‘I’m never going to live in Brooklyn.’ Now, I think it’s kind of nice.” Mr. […]

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Bannon Surrenders to Face New York Indictment in Wall Case

Stephen K. Bannon, who once served as top adviser to former President Donald J. Trump, surrendered to the Manhattan district attorney’s office on Thursday and was expected to face charges later in the day. The precise charges against Mr. Bannon were unknown, and the indictment against him is sealed. But they are expected to be […]

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Many Subway Riders Gave Up on the Mask Mandate Before Hochul Did

Good morning. It’s Thursday, the first day of classes for public schools in New York City. We’ll look at how subway passengers reacted to Gov. Kathy Hochul’s decision to lift a mask mandate for mass transit. Also, new charges against the onetime Trump adviser Stephen Bannon are expected to become public today. Just for once, […]

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In Bannon Case, Manhattan D.A. Takes on Another Pardoned Trump Ally

Two years ago, federal prosecutors accused Stephen K. Bannon of perpetrating a huge fraud: helping to fashion a financial pipeline to siphon donations for a crowd-funded border wall project into the personal bank accounts of the project’s founders. Evidence presented at one founder’s trial earlier this year showed Mr. Bannon, a onetime political adviser to […]

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In Bannon Case, Manhattan D.A. Takes on Another Pardoned Trump Ally

Two years ago, federal prosecutors accused Stephen K. Bannon of perpetrating a huge fraud: helping to fashion a financial pipeline to siphon donations for a crowd-funded border wall project into the personal bank accounts of the project’s founders. Evidence presented at one founder’s trial earlier this year showed Mr. Bannon, a onetime political adviser to […]

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Beware of Scammers Trying to Capitalize on Student Loan Forgiveness

Shady callers are acting quickly on President Biden’s announcement last week to cancel up to $20,000 in federal student debt for millions of borrowers. As Americans await more details about the plan, these callers are already dialing consumers, misleadingly warning them that time is running out. The debt cancellation program is providing grist for scammers […]

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Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud

In the midst of the pandemic the government gave unemployment benefits to the incarcerated, the imaginary and the dead. It sent money to “farms” that turned out to be front yards. It paid people who were on the government’s “Do Not Pay List.” It gave loans to 342 people who said their name was “N/A.” […]

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After Basquiat Raid, Orlando Museum Faces Crisis of Credibility

ORLANDO, FLA. — The Orlando Museum of Art no longer resembles the active crime scene it was in June, when agents from the Federal Bureau of Investigation’s Art Crime Team raided the museum and seized its marquee exhibition: 25 paintings attributed to Jean-Michel Basquiat but whose authenticity was questioned in an F.B.I. affidavit that detailed […]

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Hunting for Voter Fraud, Conspiracy Theorists Organize ‘Stakeouts’

One night last month, on the recommendation of a man known online as Captain K, a small group gathered in an Arizona parking lot and waited in folding chairs, hoping to catch the people they believed were trying to destroy American democracy by submitting fake early voting ballots. Captain K — which is what Seth […]

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New Jersey Man Gets 5 Years in Prison in GoFundMe Fraud Case

Mark D’Amico and his girlfriend said they wanted to reward a homeless man who had spent his last $20 to help her after she ran out of gas on a highway in Philadelphia in November 2017. The couple started a GoFundMe campaign that sought $10,000 to provide rent, a reliable vehicle and some living expenses […]

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Why Don’t Expect Alex Jones’s Comeuppance to Stop Lies

If it hadn’t been so excruciatingly sad, Alex Jones’s defamation trial might have been cathartic. Mr. Jones, the supplement-slinging conspiracy theorist, was ordered to pay more than $45 million in damages to Neil Heslin and Scarlett Lewis, the parents of a 6-year-old who was murdered in the 2012 mass shooting at Sandy Hook Elementary School […]

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Don’t Expect Alex Jones’s Comeuppance to Stop Lies

If it hadn’t been so excruciatingly sad, Alex Jones’s defamation trial might have been cathartic. Mr. Jones, the supplement-slinging conspiracy theorist, was ordered to pay more than $45 million in damages to Neil Heslin and Scarlett Lewis, the parents of a 6-year-old who was murdered in the 2012 mass shooting at Sandy Hook Elementary School […]

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