Us Fraud Scheme
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New York Mayor Eric Adams Charged In Bribery, Fraud Scheme
US prosecutors on Thursday charged New York City Mayor Eric Adams with accepting illegal campaign contributions and luxury travel from Turkish nationals seeking to influence him, capping a probe that has sent the city's government into turmoil.
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Former US Bank CEO Shan Hanes Jailed For Stealing $47 Million In Crypto Scheme
A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.
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Indian-American Man's Rs 8,300 Crore Fraud Scheme Shakes Top US Investors
An Indian-American businessman Rishi Shah, the former billionaire cofounder of Outcome Health, has been sentenced to seven and a half years in prison by a US court.
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US Man Sentenced To Jail For Trafficking Fake iPhones, iPads That Cost Apple $6 Million
According to court documents, the fraud scheme involved more than 10,000 counterfeit iPhones and iPads.
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Indian-Origin Real Estate Developer Charged In USD 93 Million Fraud Scheme
An Indian-origin real estate developer has been charged by federal authorities in the US with perpetuating a USD 93 million fraud scheme.
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2 Indian-Origin Men In US Guilty In Multi-Million Dollar Covid Fund Fraud
Two men of Indian origin in the US have pleaded guilty to their participation in a multi-million dollar fraud scheme by obtaining loans under an economic assistance plan following the Covid-19 pandemic in the country, the justice department said.
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Indian-Origin Man In US Jailed For Nearly 4 Years For $1.5 Million Fraud
A 41-year-old Indian-origin man has been sentenced to nearly four years in prison after pleading guilty to possessing false identity documents and operating a $1.5 million fraud scheme.
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Indian-Americans Among 14 Charged In $53 Million Covid Relief Fraud
Around 14 people, including several Indian-origin business owners and employees have been charged in a USD 53 million fraud scheme involving a COVID-19 pandemic relief programme in the US state of Texas.
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HashFlare Founders Arrested in Estonia for $575 Million Crypto Fraud Scheme
Founders of the Bitcoin cloud miner platform HashFlare were arrested in Estonia this week for alleged wire fraud and money laundering. Sergei Potapenko and Ivan Turõgin, the creators behind HashFlare, were charged by the US District Court in Seattle for reportedly running a cryptocurrency fraud scheme and scamming investors.
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Two Arrested in Estonia for Cheating Hundreds of Thousands in $575 Million Crypto Fraud Scheme
Authorities in Estonia have arrested two men on suspicion of defrauding $575 million (roughly Rs. 4,700 crore) from hundreds of thousands of people, police said on Monday. The joint operation involved more than 100 police officers, including around 15 US federal agents. According to a statement by the authorities, "invited people to invest in their...
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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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Indian Man Sentenced To 5 Years In US Prison For Telemarketing Fraud
A 38-year-old Indian national has been sentenced to five years in prison by a court in the US state of Texas for telemarketing fraud and duping innocent customers via Indian call centres.
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Over 50,000 BTC Worth Over $1 Billion Recovered from Silk Road Darknet Debacle
The US authorities have recovered Bitcoin worth $1.04 billion (roughly Rs. 8,228 crore) related to the infamous dark-web marketplace, Silk Road. The recovery was made from an address in Georgia connected with James Zhong. The accused has pleaded guilty to committing this wire fraud in 2012.
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Crypto Pyramid Scheme Lands 11 in Trouble, SEC Alleges $300 Million Were Raised by Fraud
A total of 11 individuals in the US have been charged with whipping-up a crypto pyramid scheme, defrauding “millions of retailers”, and churning over $300 million (roughly Rs. 2,359 crore). Carolyn Welshhans, Acting Chief of the SEC’s Crypto Assets and Cyber Unit called Forsage a fraudulent pyramid scheme launched on a massive scale and aggre...
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US SEC Charges 11 People for Promoting Fraud Crypto Pyramid, Ponzi Scheme
The US Securities and Exchange Commission (SEC) has charged 11 people for creating, and promoting a fraudulent crypto pyramid and Ponzi scheme. The scheme, Forsage, raised over $300 million (nearly Rs. 2,300 crores) from retail investors worldwide, including in the United States. Two of the defendants agreed to settle the charges and one of them ag...
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New York Mayor Eric Adams Charged In Bribery, Fraud Scheme
US prosecutors on Thursday charged New York City Mayor Eric Adams with accepting illegal campaign contributions and luxury travel from Turkish nationals seeking to influence him, capping a probe that has sent the city's government into turmoil.
-
Former US Bank CEO Shan Hanes Jailed For Stealing $47 Million In Crypto Scheme
A former chief executive officer (CEO) of a US bank has been sentenced to more than 24 years in federal prison for embezzling $47 million in a cryptocurrency fraud scheme.
-
Indian-American Man's Rs 8,300 Crore Fraud Scheme Shakes Top US Investors
An Indian-American businessman Rishi Shah, the former billionaire cofounder of Outcome Health, has been sentenced to seven and a half years in prison by a US court.
-
US Man Sentenced To Jail For Trafficking Fake iPhones, iPads That Cost Apple $6 Million
According to court documents, the fraud scheme involved more than 10,000 counterfeit iPhones and iPads.
-
Indian-Origin Real Estate Developer Charged In USD 93 Million Fraud Scheme
An Indian-origin real estate developer has been charged by federal authorities in the US with perpetuating a USD 93 million fraud scheme.
-
2 Indian-Origin Men In US Guilty In Multi-Million Dollar Covid Fund Fraud
Two men of Indian origin in the US have pleaded guilty to their participation in a multi-million dollar fraud scheme by obtaining loans under an economic assistance plan following the Covid-19 pandemic in the country, the justice department said.
-
Indian-Origin Man In US Jailed For Nearly 4 Years For $1.5 Million Fraud
A 41-year-old Indian-origin man has been sentenced to nearly four years in prison after pleading guilty to possessing false identity documents and operating a $1.5 million fraud scheme.
-
Indian-Americans Among 14 Charged In $53 Million Covid Relief Fraud
Around 14 people, including several Indian-origin business owners and employees have been charged in a USD 53 million fraud scheme involving a COVID-19 pandemic relief programme in the US state of Texas.
-
HashFlare Founders Arrested in Estonia for $575 Million Crypto Fraud Scheme
Founders of the Bitcoin cloud miner platform HashFlare were arrested in Estonia this week for alleged wire fraud and money laundering. Sergei Potapenko and Ivan Turõgin, the creators behind HashFlare, were charged by the US District Court in Seattle for reportedly running a cryptocurrency fraud scheme and scamming investors.
-
Two Arrested in Estonia for Cheating Hundreds of Thousands in $575 Million Crypto Fraud Scheme
Authorities in Estonia have arrested two men on suspicion of defrauding $575 million (roughly Rs. 4,700 crore) from hundreds of thousands of people, police said on Monday. The joint operation involved more than 100 police officers, including around 15 US federal agents. According to a statement by the authorities, "invited people to invest in their...
-
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.
-
Indian Man Sentenced To 5 Years In US Prison For Telemarketing Fraud
A 38-year-old Indian national has been sentenced to five years in prison by a court in the US state of Texas for telemarketing fraud and duping innocent customers via Indian call centres.
-
Over 50,000 BTC Worth Over $1 Billion Recovered from Silk Road Darknet Debacle
The US authorities have recovered Bitcoin worth $1.04 billion (roughly Rs. 8,228 crore) related to the infamous dark-web marketplace, Silk Road. The recovery was made from an address in Georgia connected with James Zhong. The accused has pleaded guilty to committing this wire fraud in 2012.
-
Crypto Pyramid Scheme Lands 11 in Trouble, SEC Alleges $300 Million Were Raised by Fraud
A total of 11 individuals in the US have been charged with whipping-up a crypto pyramid scheme, defrauding “millions of retailers”, and churning over $300 million (roughly Rs. 2,359 crore). Carolyn Welshhans, Acting Chief of the SEC’s Crypto Assets and Cyber Unit called Forsage a fraudulent pyramid scheme launched on a massive scale and aggre...
-
US SEC Charges 11 People for Promoting Fraud Crypto Pyramid, Ponzi Scheme
The US Securities and Exchange Commission (SEC) has charged 11 people for creating, and promoting a fraudulent crypto pyramid and Ponzi scheme. The scheme, Forsage, raised over $300 million (nearly Rs. 2,300 crores) from retail investors worldwide, including in the United States. Two of the defendants agreed to settle the charges and one of them ag...
