Tag: fraud
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Archegos’ Bill Hwang sentenced to 18 years in prison for massive U.S. fraud
Former billionaire investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10 billion. Hwang was sentenced by U.S. District Judge Alvin Hellerstein in Manhattan, where a jury convicted Hwang in July on 10 criminal charges including wire fraud,…
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Arizona lawyers keep distance from GOP’s ‘election integrity’ operation amid concern over Kari Lake’s fraud claims
PRESCOTT VALLEY, Ariz. — Multiple Republican lawyers in Arizona say they and others who were involved in the party’s election litigation efforts in past cycles are keeping their distance this time around, in large part due to Senate candidate Kari Lake’s history of spurious fraud claims. Earlier this month, Kory Langhofer resigned his position as…
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Justice Department, FTC warn consumers of fraud, price gouging risks ahead of Hurricane Milton
As Hurricane Milton approached landfall in western Florida on Wednesday, the Biden administration warned consumers and businesses of the heightened risk of potential fraud, price gouging and collusion that accompanies major natural disasters. “Wrongdoers are looking to exploit opportunities and victims of natural disasters for their own personal gain,” U.S. Attorney Ronald C. Gathe Jr. for the…
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Elon Muks’s mother, Maye, appears to encourage voter fraud in X post
Elon Musk’s mother, Maye Musk, appeared to encourage a form of voter fraud in a post on X.” “The Democrats have given us another option. You don’t have to register to vote,” Musk’s mother wrote in the Oct. 5 post. “On Election Day, have 10 fake names, go to 10 polling booths and vote 10…
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NYC Mayor Eric Adams charged with bribery and wire fraud in scheme spanning nearly 10 years
New York City Mayor Eric Adams has been hit with five federal charges – including wire fraud, bribery and solicitation of a contribution by a foreign national – according to a sprawling 57-page federal indictment unsealed Thursday. Prosecutors from the Southern District of New York accuse the Democrat of seeking and accepting luxury international travel…
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Korean adoptees say they were ‘commodified’ and governments ignored fraud, investigation finds
An International Social Service social worker who visited the U.S. Embassy in Seoul around that time found what she saw “distasteful,” according to documents at the agency’s archives at the University of Minnesota Libraries. “It showed the callous way in which children going to the US. were processed, to me, it was a real assembly…
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Adoption fraud was widespread for many South Koreans adopted into Western countries, AP finds
SEOUL, South Korea — As the plane descended into Seoul, Robert Calabretta swaddled himself in a blanket, his knees tucked into his chest like a baby in the womb. A single tear ran down his cheek. The 34-year-old felt like a newborn — he was about to meet his parents for the first time since…