wire fraud

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Judge Trims Charges Facing Holmes

Wire fraud count remains Theranos founder, but others are dismissed

(Newser) - Elizabeth Holmes, the Stanford dropout who founded the blood-testing company Theranos, still faces a trial in San Jose but now on fewer charges. US District Judge Edward Davila said Tuesday that he'll toss out any of the 11 counts against Holmes and Ramesh "Sunny" Balwani, former Theranos president,... More »

Ex-Baltimore Mayor Charged Over Sales of Her Kids' Books

Catherine Pugh faces decades in prison if convicted

(Newser) - The disgraced former mayor of Baltimore was charged Wednesday with fraud and tax evasion involving sales of her self-published children's books to non-profits and foundations that did business with the government. An 11-count federal indictment accuses Catherine Pugh of arranging fraudulent sales of her “Healthy Holly” books to... More »

JetBlue Gate Agent Could Get 20 Years for Ticket Scam

She upgraded tickets for more than 100 friends, relatives

(Newser) - A special code allowed former JetBlue gate agent Tiffany Jenkins to swap cheap plane tickets for expensive ones—and prosecutors say she did this for family and friends more than 500 times before she got caught. Jenkins, who was arrested in November last year, allegedly upgraded 505 tickets for more... More »

Maria Butina's US Boyfriend Hit With Charges

GOP fundraiser Paul Erickson pleads not guilty to wire fraud, money laundering

(Newser) - The US boyfriend of Russian spy Maria Butina is facing charges of his own. Conservative political operative Paul Erickson pleaded not guilty Tuesday to 11 counts of wire fraud and money laundering, which "appear largely unrelated" to the conspiracy to influence the 2016 presidential race, reports CNN . For now,... More »

Drummer to Stars Charged With Swiping Kids Charity's $750K

Ex-UN music director Robin DiMaggio bought house for ex-wife, cars: prosecutors

(Newser) - A former United Nations musical director allegedly embezzled $750,000 from a charity concert for homeless and displaced children, spending some of the funds on a home for his ex-wife. Robin DiMaggio—a professional drummer who's worked with artists like David Bowie, Diana Ross, Tupac, and Johnny Cash—was... More »

That the FBI Got a Search Warrant for Cohen's Office Is Telling

FBI looking into alleged fraud, sources say

(Newser) - The stunning FBI raid on the offices of President Trump's personal lawyer Monday happened because Michael Cohen is suspected of crimes including bank fraud and campaign finance fraud, insiders say. Sources tell the Washington Post that agents seized documents including Cohen's tax returns in raids on his offices,... More »

Prosecutors: CEO Took 'Hundreds of Thousands' From Own Workers

Isaac Choi, former chief exec of WrkRiot, pleads guilty to wire fraud

(Newser) - The startup's motto was "No games. Just jobs." Except there were some games, too. Isaac Choi, the former CEO of short-lived tech startup WrkRiot—which developed software to be used in job searches before its closure in September 2016—pleaded guilty to wire fraud in federal court... More »

Rocker Faces 30 Years in Prison on Fraud Charges

Michael Davenport of The Ataris allegedly defrauded 100K people out of $27M

(Newser) - From hundreds of thousands of fans to 100,000 victims. The Santa Barbara Independent reports a pop-punk bassist is facing fraud charges and more than 30 years in prison over an alleged real estate scam. Prosecutors say Michael Davenport of The Ataris defrauded approximately 100,000 people in all 50... More »

Alleged Insider Trader Maybe Did Too Much Googling

Didn't cover up online search history for 'insider trading' too well, prosecutors say

(Newser) - If you don't want the SEC to pick up on the fact that you've carried out an unusual trade, you probably shouldn't Google "how sec detect unusual trade," or "insider trading in an international account." Those are the phrases that federal prosecutors allege... More »

Man Pleads Guilty to Tricking Dozens of Women Into Sex

Mario Antoine allegedly told women they were rehearsing for roles in porn films

(Newser) - A Kansas City-area man has pleaded guilty to duping dozens of women into having sex with him on camera by telling them they were rehearsing for roles in pornographic movies, the AP reports. The US attorney's office says 34-year-old Mario Antoine pleaded guilty to one wire fraud count and... More »

2 Charged in Ponzi Schemes Tied to Adele, Hamilton

Joseph Meli, Steven Simmons joked about their $81M 'shell game': FBI

(Newser) - Two men were charged Friday with roles in Ponzi schemes that cheated wealthy people, including some who believed they were investing in ticket businesses for popular shows like an Adele concert and Broadway's Hamilton. Joseph Meli, 42, of Manhattan, and Steven Simmons, 48, of Wilton, Conn., were arrested on... More »

Former Feds Busted for Boosting Bitcoins

Ex-DEA, Secret Service agents stole digital currency during Silk Road probe: report

(Newser) - What do you do if you're a federal agent who's part of an undercover operation to bust up a booming black-market drug-dealing website? One thing you don't usually do is skim a goodly portion of said site's digital currency into your pockets, but two former federal... More »

5 Charged in Biggest Financial Hacking Case

Data on 160M credit cards stolen

(Newser) - Four Russian nationals and a Ukrainian have been charged with running a sophisticated hacking organization that penetrated computer networks of more than a dozen major American and international corporations over seven years, stealing and selling at least 160 million credit and debit card numbers. Indictments were announced today in Newark,... More »

Feds: Seized 7-Elevens Ran 'Modern Plantation System'

Employed, exploited unauthorized immigrants, say officials

(Newser) - Homeland Security and the DOJ raided 14 7-Eleven stores in Virginia and New York today, charging nine owners and managers with employing unauthorized immigrants and identify theft. According to officials, the stores hired more than 50 unauthorized immigrants, supplied them with stolen identities—some taken from children and dead people—... More »

Jesse Jackson Jr. Pleads Guilty

Judge says he's not bound by sentencing guidelines

(Newser) - Jesse Jackson Jr. dabbed his eyes with a handkerchief today and looked to his father, and the rest of his family gathered in court. "Guilty, your honor," he said, making official his reported intention to plead guilty to having misused $750,000 in campaign funds. Jackson pleaded guilty... More »

Banker Busted for Role in Financial Crisis

Ex-Credit Suisse exec faces extradition to US

(Newser) - A former Credit Suisse banker accused of contributing to the 2008 financial crisis in an effort to boost his bonus has been arrested in Britain and faces extradition to the US. Kareem Serageldin, who was arrested outside the US Embassy in London, allegedly inflated the values of mortgage-backed securities as... More »

Feds: 'Psychic' Family Scammed $40M

Claimed they spoke to God, made a fortune

(Newser) - If only they were real psychics, maybe they would have seen this coming. A Florida family has been indicted for running a psychic advice business that scammed clients out of $40 million over two decades, reports the Miami Herald . In "Operation Crystal Ball," federal prosecutors charged 10 people... More »

State Department Spy for Cuba Sentenced to Life

Walter Kendall Myers, 73, confessed to espionage, wire fraud

(Newser) - A 73-year-old retired State Department employee who was also a spy for Cuba for almost 30 years was sentenced to life in prison today after pleading guilty to espionage and wire fraud. Walter Kendall Myers was also fined $1.7 million—including the money he was paid as a government... More »

Palin Hacker Found Guilty on 2 Counts

David Kernell convicted of obstruction of justice, unlawful email access

(Newser) - A federal jury has convicted a 22-year-old former University of Tennessee student of hacking Sarah Palin's Yahoo email account during the 2008 campaign. David Kernell was acquitted of wire fraud but convicted of a felony, obstruction of justice, and a misdemeanor, unlawful computer access. The jury failed to reach a... More »

NY Lawyer Pleads Guilty to $400M Fraud

Dreier bilked clients, spent cash on yacht and beach houses

(Newser) - New York lawyer Marc Dreier pleaded guilty yesterday to selling hundreds of millions in bogus promissory notes to hedge funds and other clients, reports the Times. Dreier, 59, used the $400 million to fund a Manhattan apartment, beachfront houses, and an $18 million yacht. “He has disgraced the honorable... More »

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