fraud

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US Woman Could Get Life for Jamaica Lottery Scam

'Her hands were all over the conspiracy'

(Newser) - A federal judge in North Dakota on Monday ordered a Rhode Island woman convicted of funneling lottery scam money between the US and Jamaica to remain jailed pending a February sentencing hearing where she could face a stiffer sentence than the alleged mastermind, the AP reports. "Her hands were...

Woman's Sentence for Fudging School Record: 'Inhumane'

Now Greece and the world are paying attention

(Newser) - A woman in Greece has roused her nation—and now the world—after getting a 10-year sentence for altering her elementary-school record, the New York Times reports. "This decision is not simply inhumane," says the Hellenic League for Human Rights. "It is another very indicative sign of...

They Thought They Were Adopting. Then, 'the Rug Was Pulled'

Fla. woman accused of promising her unborn child to 2 different couples, defrauding them of $19K

(Newser) - A couple thought they'd be adopting in the fall the baby Christina Bay was carrying, and they signed a contract in the spring and handed over nearly $15,000 to pay for the Florida woman's living arrangements in Daytona Beach during her pregnancy. The problem was, police say,...

Dad's Alleged Role in Kids' Deaths 'Shocks the Conscience'

Ali Elmezayen faces fraud charges given insufficient evidence of murder

(Newser) - What at first appeared to be a tragic accident is now labeled a "coldhearted scheme." Two children, ages 8 and 13, died on April 9, 2015, when the car their father was driving sped off a Los Angeles wharf and sank. Ali Elmezayen, whose window was open, quickly...

Lawsuit: Trump Family Scammed Vulnerable Investors

They're accused of peddling dodgy investment schemes

(Newser) - President Trump, his three eldest children, and the Trump Organization defrauded thousands of consumers by persuading them to invest in phony get-rich-quick schemes, according to a new lawsuit. The lawsuit, filed in federal court Monday, accuses Trump and children Donald Jr., Eric, and Ivanka of failing to disclose that they...

Young Mayor's Alleged Dark Past Is Haunting Him

But Fall River Mayor Jasiel Correia denies all charges

(Newser) - Elected at age 23, arrested three years later: That's the latest on Jasiel Correia, the youngest-ever mayor of Fall River, Mass., and alleged defrauder of investors in a tech startup, the Boston Globe reports. Before turning mayor in 2015, Correia allegedly spent $231,000 in investors' money on everything...

'This Smells Like a Crime': NYT Probes How Trump Got Rich

Investigation finds alleged tax avoidance and fraud

(Newser) - President Trump, a self-made man? Not according to a New York Times report that he received at least $413 million in today's dollars from father Fred Trump's business empire, often by dodging taxes in the 1990s—and sometimes by committing flat-out fraud. Trump says his dad only lent...

How'd Deported Nazi Guard Get in US? With Help

Fellow SS member vouched for him on false visa application: historian

(Newser) - Now that former Nazi prison guard Jakiw Palij is out of the US , the New York Times explores how he got in, and it wasn't through his efforts alone. As Nazi records of his SS membership weren't uncovered until the 1990s, Palij successfully applied for a visa under...

Report: Michael Cohen May Be Charged With Major Fraud

Charges could be filed within days, sources say

(Newser) - President Trump's former right-hand man may soon be charged with fraud involving well over $20 million in loans, sources tell the New York Times . The insiders, including a banker who reviewed the transactions, say federal investigators are looking into whether Michael Cohen and taxi businesses owned by his family...

Rachel Dolezal Makes Short Trip to Jail

She's booked on welfare fraud charges in Washington

(Newser) - The former NAACP branch president best known as Rachel Dolezal was booked Monday into a jail in Washington state, where she faces welfare fraud charges . Dolezal, who was born white but identifies as "transracial," was photographed and fingerprinted at Spokane County Jail around 3:30pm, then released on...

Surprising Tweet Follows Lawsuit From Buzz Aldrin

Astronaut sues family, foundation, but they say they think someone may be manipulating him

(Newser) - The first sign something was amiss in Buzz Aldrin's world came Monday, when a tweet was sent out via the Twitter account the famed Apollo 11 astronaut hasn't used much in recent weeks. "Hey Twittersphere, pls RT @buzzs_xtina was terminated and does NOT represent Buzz Aldrin in...

Sara Netanyahu Accused of $100K Fraud Over Meals

Leader's wife accused of ordering pricey food, falsely claiming no cook was on premises

(Newser) - Benjamin Netanyahu is facing a corruption scandal , and now his wife is officially in hot water of her own. It's all about her apparent fondness for expensive meals. Authorities on Thursday indicted Sara Netanyahu on fraud charges over $100,000 in gourmet meals she and a staffer ordered to...

Spanish Princess's Husband Ordered to Head to Prison

Supreme Court upheld Inaki Urdangarin's conviction on Tuesday

(Newser) - Judicial authorities on Wednesday told the brother-in-law of Spain's King Felipe VI that he must report to a prison within five days to serve five years and 10 months for fraud and tax evasion, among other crimes. Inaki Urdangarin, a former Olympic handball medal winner who has been married...

In 2 Years, Trio Stole $1.2M From Amazon

3 sentenced over fraud scheme involving 'hundreds' of accounts

(Newser) - "To those who seek to exploit the convenience of online shopping through fraud, remember this case." That's the message from a chief prosecutor in Indiana who helped send three people to prison for a scheme that defrauded Amazon of $1.2 million. US Attorney Josh Minkler says...

Rachel Dolezal Charged With Welfare Fraud

Investigators say she failed to report $84K

(Newser) - Rachel Dolezal has been misrepresenting her income, according to investigators in Washington state. The former NAACP chapter leader—who was born a white woman but describes herself as "unapologetically black"—has been charged with welfare fraud and could get up to 15 years in prison if convicted, the...

Things May Get Worse for Elizabeth Holmes
Worst Part
of Theranos
Scandal Isn't
SEC Fraud
the rundown
Mar 15, 2018 9:40 AM CDT

Worst Part of Theranos Scandal Isn't SEC Fraud

It's duping actual patients, writes Bloomberg columnist

(Newser) - She was the first female founder of a Silicon Valley startup to become a billionaire before it all came crashing down. Now Elizabeth Holmes' personal fortune is gone , and she has just settled with federal regulators who say her company, Theranos, lied to investors about its supposedly revolutionary blood-testing equipment....

Theranos Founder Elizabeth Holmes Charged With Fraud

She's agreed to settle allegations she misled investors

(Newser) - The self-made billionaire once called the next Steve Jobs was charged with "massive fraud" for "deceiving investors" Wednesday, USA Today reports. Elizabeth Holmes founded Theranos in 2003 at the age of 19 and raised over $700 million from investors. But the Securities and Exchange Commission says Holmes and...

Guy Has Teenage Son Shoot Him in the Legs With Shotgun

Shannon Egeland, 43, was facing prison time

(Newser) - A white-collar crook is facing extra prison time for having his son shoot him in the legs with a 20-gauge shotgun, the BBC reports. Shannon Egeland, 43, was already facing 10 years for taking part in a vast mortgage-fraud scheme when he had his 17-year-old son shoot him by a...

Ex-Trump U Students Will Finally Get Paid

President avoids trial as $25M settlement is approved

(Newser) - A lengthy legal battle between Donald Trump and Trump University students, who say they paid thousands of dollars for real estate "secrets" they never received, is finally over. On Tuesday, an appeals court in San Francisco approved a $25 million settlement reached last year while rejecting an appeal from...

Prosecutors: CEO Took 'Hundreds of Thousands' From Own Workers

Isaac Choi, former chief exec of WrkRiot, pleads guilty to wire fraud

(Newser) - The startup's motto was "No games. Just jobs." Except there were some games, too. Isaac Choi, the former CEO of short-lived tech startup WrkRiot—which developed software to be used in job searches before its closure in September 2016—pleaded guilty to wire fraud in federal court...

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