20 Million Fraud
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Indian-Origin Man In US Sentenced For USD 20 Million Covid Relief Fraud
A 54-year-old Indian-origin man has been sentenced to over three years in prison for his role in obtaining more than USD 20 million under the US government's economic aid plan following the coronavirus pandemic.
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3 Arrested For Cheating Several US Citizens Of $20 Million: Delhi Cops
Three people, including the main accused, were arrested by the Delhi Police for allegedly defrauding several US citizens of more than 20 million dollars by posing as a senior Drug Enforcement Agency official.
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Indian-American Man Pleads Guilty To $20 Million Loan Fraud In US
Nikesh Ajay Patel of Florida was charged with 13 counts, including one count of conspiracy to commit wire fraud, three counts of wire fraud and eight counts of money laundering, the US Attorney's Office said.
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FBI Nabs Blockparty CTO Rikesh Thapa for Stealing BTC Worth $1 Million, Defrauding Employer
The FBI, in a fresh development, arrested 28-year-old Rikesh Thapa for stealing funds in the form of Bitcoin from its employer. Thapa had offered to save some company funds in his personal account, but later refused to return the money. The accused has been charged with one count of wire fraud, which carries a maximum sentence of 20 years in prison...
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Indian Charged In US For $8 Million Covid Relief Fraud Scheme
An Indian national in the US has been charged with a USD 8 million COVID-19 relief fraud scheme and faces a maximum penalty of 20 years in prison if convicted, according to court documents.
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Titanium Blockchain CEO Admits to Have Carried Out Fraudulent ICO in 2018
Michael Stollery, the CEO of Titanium Blockchain Infrastructure Services faces up to 20 years in the prison. He has pleaded guilty to raising $$21 million (roughly Rs. 167 crore) via a fraudulent initial coin offering (ICO) in 2018. In order to create an illusion of legitimacy, Stollery said he forged the whitepaper for the BAR token.
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US SEC Presses Charges Against Siblings for Cryptocurrency Fraud Worth $124 Million
The US SEC has filed criminal charges against a cryptocurrency executive and civil charges against him and his sister, accusing them of defrauding retail investors out of millions of dollars with a digital token known as Ormeus Coin.
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Indian-Origin Woman, Who Gave Info On Over $20 Million Scam, Killed In South Africa
A 53-year-old Indian-origin woman in South Africa has been killed allegedly for providing critical information about a multi-million-Dollar PPE fraud during COVID-19 lockdown in the country last year.
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Russian Cybercriminal Gets 9 Years for Online Fraud Website
A Russian computer hacker who facilitated $20 million in credit card fraud and ran a sophisticated clearinghouse for international cybercriminals was sentenced Friday to nine years in prison.
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India-Origin Man Arrested For Allegedly Cheating Cisco Of $9.3 Million In US
An Indian-origin former employee of Cisco Systems has been arrested and charged with a criminal complaint alleging he defrauded a technology major of more than $9.3 million
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Tesla CEO Elon Musk Mocks SEC as Judge Demands They Justify Fraud Settlement
"Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work," Musk tweeted.
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Elon Musk to Resign as Chair of Tesla Board but Remain CEO
Elon Musk has reached a deal over fraud charges that will see him step down as electric automaker Tesla's chairman of the board and pay a $20 million fine.
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Elon Musk Out As Tesla Chairman After Fraud Charges, Fined $20 Million
Tesla chief executive Elon Musk agreed on Saturday to pay a $20 million fine and step down as board chairman as part of a settlement with the Securities & Commission that he misled investors about his plans to take the company private.
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Elon Musk To Resign As Chair Of Tesla Board, Fined $20 Million
Elon Musk has reached a settlement over fraud charges that will see him step down as Tesla's chairman of the board and pay a $20 million fine, US securities regulators said Saturday.
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Police Probe Sri Lanka Cricket For England Tour Money Fraud
Criminal investigators were called in Monday to investigate an alleged $5.5 million fraud at Sri Lanka Cricket involving money from a looming England tour, officials said.
-
Indian-Origin Man In US Sentenced For USD 20 Million Covid Relief Fraud
A 54-year-old Indian-origin man has been sentenced to over three years in prison for his role in obtaining more than USD 20 million under the US government's economic aid plan following the coronavirus pandemic.
-
3 Arrested For Cheating Several US Citizens Of $20 Million: Delhi Cops
Three people, including the main accused, were arrested by the Delhi Police for allegedly defrauding several US citizens of more than 20 million dollars by posing as a senior Drug Enforcement Agency official.
-
Indian-American Man Pleads Guilty To $20 Million Loan Fraud In US
Nikesh Ajay Patel of Florida was charged with 13 counts, including one count of conspiracy to commit wire fraud, three counts of wire fraud and eight counts of money laundering, the US Attorney's Office said.
-
FBI Nabs Blockparty CTO Rikesh Thapa for Stealing BTC Worth $1 Million, Defrauding Employer
The FBI, in a fresh development, arrested 28-year-old Rikesh Thapa for stealing funds in the form of Bitcoin from its employer. Thapa had offered to save some company funds in his personal account, but later refused to return the money. The accused has been charged with one count of wire fraud, which carries a maximum sentence of 20 years in prison...
-
Indian Charged In US For $8 Million Covid Relief Fraud Scheme
An Indian national in the US has been charged with a USD 8 million COVID-19 relief fraud scheme and faces a maximum penalty of 20 years in prison if convicted, according to court documents.
-
Titanium Blockchain CEO Admits to Have Carried Out Fraudulent ICO in 2018
Michael Stollery, the CEO of Titanium Blockchain Infrastructure Services faces up to 20 years in the prison. He has pleaded guilty to raising $$21 million (roughly Rs. 167 crore) via a fraudulent initial coin offering (ICO) in 2018. In order to create an illusion of legitimacy, Stollery said he forged the whitepaper for the BAR token.
-
US SEC Presses Charges Against Siblings for Cryptocurrency Fraud Worth $124 Million
The US SEC has filed criminal charges against a cryptocurrency executive and civil charges against him and his sister, accusing them of defrauding retail investors out of millions of dollars with a digital token known as Ormeus Coin.
-
Indian-Origin Woman, Who Gave Info On Over $20 Million Scam, Killed In South Africa
A 53-year-old Indian-origin woman in South Africa has been killed allegedly for providing critical information about a multi-million-Dollar PPE fraud during COVID-19 lockdown in the country last year.
-
Russian Cybercriminal Gets 9 Years for Online Fraud Website
A Russian computer hacker who facilitated $20 million in credit card fraud and ran a sophisticated clearinghouse for international cybercriminals was sentenced Friday to nine years in prison.
-
India-Origin Man Arrested For Allegedly Cheating Cisco Of $9.3 Million In US
An Indian-origin former employee of Cisco Systems has been arrested and charged with a criminal complaint alleging he defrauded a technology major of more than $9.3 million
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Tesla CEO Elon Musk Mocks SEC as Judge Demands They Justify Fraud Settlement
"Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work," Musk tweeted.
-
Elon Musk to Resign as Chair of Tesla Board but Remain CEO
Elon Musk has reached a deal over fraud charges that will see him step down as electric automaker Tesla's chairman of the board and pay a $20 million fine.
-
Elon Musk Out As Tesla Chairman After Fraud Charges, Fined $20 Million
Tesla chief executive Elon Musk agreed on Saturday to pay a $20 million fine and step down as board chairman as part of a settlement with the Securities & Commission that he misled investors about his plans to take the company private.
-
Elon Musk To Resign As Chair Of Tesla Board, Fined $20 Million
Elon Musk has reached a settlement over fraud charges that will see him step down as Tesla's chairman of the board and pay a $20 million fine, US securities regulators said Saturday.
-
Police Probe Sri Lanka Cricket For England Tour Money Fraud
Criminal investigators were called in Monday to investigate an alleged $5.5 million fraud at Sri Lanka Cricket involving money from a looming England tour, officials said.
