fraud

NDTV News

Antrix-Devas Deal “Fraud By Congress,” Says Nirmala Sitharaman: 10 Points

“The fraud in the Antrix-Devas deal was obvious,” Nirmala Sitharaman said (File) New Delhi: The Supreme Court’s order on the 2005 Antrix-Devas deal is “proof of the Congress’s misuse of power”, Finance Minister Nirmala Sitharaman said today. The Supreme Court on Monday upheld an order to wind up Bengaluru-based startup Devas Multimedia. Following are the …

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Florida laboratory owner ran $7 million Medicare fraud, pushing expensive, unnecessary tests for patients who were worried about having COVID-19

Florida laboratory owner ran $7 million Medicare fraud, pushing expensive, unnecessary tests for patients who were worried about having COVID-19

The owner of a Florida laboratory has pleaded guilty to a $7 million Medicare fraud scheme in which he paid kickbacks to brokers for telemedicine firms and doctors to prescribe expensive but unnecessary genetic testing along with low-cost COVID-19 tests for thousands of patients. Christopher Licata, 45, of Delray Beach, Florida, admitted that his lab, …

Florida laboratory owner ran $7 million Medicare fraud, pushing expensive, unnecessary tests for patients who were worried about having COVID-19 Read More »

NDTV News

14 Crores, Luxury Cars Seized From BSF Officer Behind Rs 125 Crore Fraud

The Gurgaon police has also arrested the officer’s wife, sister Ritu and an accomplice. Gurgaon: Rs 14 crore in cash, jewellery worth Rs one crore and seven luxury cars, including a BMW, Jeep and Mercedes – this immense wealth has been recovered from a Border Security Force officer in Haryana. BSF Deputy Commandant Praveen Yadav, …

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CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative's wedding

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative’s wedding

That’s some high-end embezzlement. The U.S. chief executive of a German saw-blade manufacturer has pleaded guilty to stealing $15 million from the company to bankroll a luxury clothing and furniture boutique she ran on the side. Donna Osowitt Steele, 52, of Taylorsville, N.C. had worked for Tigra USA since 1999, starting in the shipping department …

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative’s wedding Read More »

Retired bricklayer, elderly blind man among victims in $630K inheritance scam

Retired bricklayer, elderly blind man among victims in $630K inheritance scam

He stands to inherit a lengthy sentence. A Virginia man has admitted conning a retired bricklayer, an elderly blind man and others out of more than $630,000 in an inheritance scam where he claimed to be the beneficiary of a multi-million dollar estate, but only if they could help him pay off his debt first.  …

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Elizabeth Holmes, Once A Silicon Valley Star, Guilty In Theranos Fraud Trial

The 37-year-old now faces the possibility of years behind bars. San Francisco: Fallen US biotech star Elizabeth Holmes was convicted on Monday of defrauding investors in her blood-testing startup Theranos, in a high-profile case seen as an indictment of Silicon Valley culture. Jurors found Holmes guilty of four counts of tricking investors into pouring money …

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Software executive sentenced to 9 years for role in $50 million horoscope text-messaging fraud

Software executive sentenced to 9 years for role in $50 million horoscope text-messaging fraud

The former-CEO of an Australian mobile software company has been sentenced to more than nine years in prison for his role in a massive horoscope text-messaging fraud that bilked $50 million from hundreds of thousands of U.S. cell phone users.  Michael Pearse, 52, was accused of helping develop software that would auto-subscribe unwitting cell-phone customers …

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I earn $35K, have $20K in credit-card debt, and $200K in stock. I dream of turning my studio into a rental unit and building a pool

My father coerced me into giving him $100K for a ‘lucrative’ cryptocurrency pyramid scheme. How do I get my money back?

My father recently joined a cryptocurrency MLM (multi-level marketing) and recruited me into this lucrative scheme, where I ultimately invested $100,000. How it works is that the person who recruits you gets 20% of the profits you earn, then 15%, 10%, 5% and so forth.  There’s three of us kids and our mother. The problem …

My father coerced me into giving him $100K for a ‘lucrative’ cryptocurrency pyramid scheme. How do I get my money back? Read More »

Shoe company exec embezzled $30 million in failed bid to woo TV news anchor — now he’s going to jail

Shoe company exec embezzled $30 million in failed bid to woo TV news anchor — now he’s going to jail

The other shoe has finally dropped on one lovelorn exec. The former chief financial officer of a high-end Massachusetts shoe maker has been sentenced to almost six years in prison for embezzling $30 million to help finance the career ambitions of a one-time TV newscaster he had fallen for. Richard Hajjar, 65, admitted he had …

Shoe company exec embezzled $30 million in failed bid to woo TV news anchor — now he’s going to jail Read More »