The S.E.C. said the world’s largest cryptocurrency exchange mixed “billions of dollars” in customer funds and secretly sent them to a separate company controlled by Binance’s founder, Changpeng Zhao.
Tag: Frauds and Swindling
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Prosecutors Scrutinize Political Nonprofit Groups for Fund-Raising Fraud
Federal prosecutors in Manhattan have sought recordings of calls made by two networks of groups that solicited money from donors for a variety of politically tinged causes.
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Elizabeth Holmes Set to Report to Prison Tuesday in Texas
The disgraced founder of the blood testing start-up Theranos, who was convicted of fraud, is expected to report to a minimum-security prison in Texas.
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How the Employee Retention Tax Credit Became a Magnet for Fraud
The Employee Retention Credit has spawned a cottage industry of firms claiming to help businesses access stimulus funds, often in violation of federal rules.
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Jamie Dimon to Be Deposed as JPMorgan Faces Reckoning for Epstein Ties
Two lawsuits claim that the nation’s largest bank ignored signs about Jeffrey Epstein’s sex trafficking because it was profiting from its relationship with him.