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Financialfraud

All articles tagged with #financialfraud

California couple dies in suspected murder-suicide after Tom Selleck impersonator scam
usnews5 days ago

California couple dies in suspected murder-suicide after Tom Selleck impersonator scam

An elderly California couple was found dead in a suspected murder‑suicide after the wife, Karen Whitaker, had fallen victim to a year‑long financial scam by someone posing as Tom Selleck, who convinced her to send money via gift cards; the scam escalated despite family intervention and alerts to authorities, but officials say there is no evidence the impersonator caused the deaths and Selleck is not implicated.

"U.S. Prosecutors Confirm No Second Trial for FTX Founder Sam Bankman-Fried"
law-and-government2 years ago

"U.S. Prosecutors Confirm No Second Trial for FTX Founder Sam Bankman-Fried"

Sam Bankman-Fried, the founder of FTX, will not be retried on charges of making unlawful campaign contributions after being convicted of fraud, conspiracy, and money laundering in a separate trial. Federal prosecutors in New York have decided not to pursue a second trial, citing the public interest in a prompt resolution. Bankman-Fried, who pleaded not guilty to all counts, was accused of misusing customer funds on the FTX platform for personal expenses and could face up to 110 years in prison. His sentencing is set for March 28, 2024.