The founder of the collapsed crypto exchange was accused of “orchestrating a scheme to defraud equity investors” who put more than $1.8 billion into the company.
Tag: Frauds and Swindling
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Ramesh Balwani, No. 2 Theranos Executive, Is Sentenced for Fraud
Ramesh Balwani, the former chief operating officer of the failed blood testing start-up, was convicted of 12 counts of fraud in July.
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Michael Avenatti Gets 14-Year Sentence for Stealing Millions From Clients
The former lawyer for Stormy Daniels was found guilty of stealing money from four clients and of obstructing I.R.S. efforts to collect more than $3 million in unpaid payroll taxes.
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Corruption Charges Dismissed Against Ex-Lt. Gov. Brian Benjamin
A federal judge in Manhattan ruled that prosecutors failed to demonstrate an “explicit quid pro quo” that must underpin the bribery charges against Mr. Benjamin.
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Twin Friends of Eric Adams Are Dogged by Allegations and Unpaid Debts
They run the mayor’s favorite restaurant, and he says they have put their troubled pasts behind them. Some of their former business partners disagree.