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January 19, 2022

Fraud and false statements

Pharma Bro Martin Shkreli banned for life from drug industry in monopoly case, ordered to pay $64.6 million

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CNBC – For more and to sign up click here A federal judge on Friday ordered notorious “Pharma Bro” Martin Shkreli banned for life from the pharmaceutical industry and also ruled that he must disgorge $64.6 million in profits he earned from hiking the price of the life-saving drug Daraprim......

Crypto scammers took a record $14 billion in 2021

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CNBC – For more and to sign up click here Chinnapong | iStock Editorial | Getty Images Scammers took home a record $14 billion in cryptocurrency in 2021, thanks in large part to the rise of decentralized finance (DeFi) platforms, according to new data from blockchain analytics firm Chainalysis. Losses......

From bitcoin hitting $1 trillion in market value to Elon Musk’s dogecoin tweets: 12 key crypto moments from 2021

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CNBC – For more and to sign up click here It’s been a record year for the cryptocurrency market, which briefly surpassed $3 trillion in value in November. Bitcoin, the largest cryptocurrency by market value, and ether, the second-largest, hit all-time highs, while altcoins, like meme-inspired dogecoin, surged in popularity.......

Criminals have stolen nearly $100 billion in Covid relief funds, Secret Service says

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CNBC – For more and to sign up click here U.S. dollar banknotes are seen in this photo illustration. Jose Luis Gonzalez | Illustration | Reuters Criminals have stolen close to $100 billion in pandemic relief funds, the U.S. Secret Service said Tuesday. The stolen funds were diverted by fraudsters......

SEC cracks down on SPAC claims as electric-truck maker Nikola agrees to pay $125 million to settle fraud charges

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CNBC – For more and to sign up click here Trevor Milton CEO of Nikola Massimo Pinca | Reuters Electric truck maker Nikola has agreed to pay the Securities and Exchange Commission $125 million to settle charges that it defrauded investors by misleading them about its products, technical capacity and......

That McDonald’s clawback from fallen CEO Easterbrook is huge — but still unusual despite #MeToo era

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CNBC – For more and to sign up click here Steve Easterbrook, president and chief executive officer of McDonald’s Corp., walks the grounds after a morning session during the Allen & Co. Media and Technology conference in Sun Valley, Idaho, U.S., on Wednesday, July 12, 2017. David Paul Morris |......

McDonald’s claws back $105 million from fired CEO Easterbrook, accused of hiding relationships from board

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CNBC – For more and to sign up click here Former McDonald’s CEO Stephen Easterbrook unveiling the company’s new corporate headquarters during a grand opening ceremony on June 4, 2018, in Chicago Scott Olson | Getty Images McDonald’s announced Thursday it has settled its lawsuit against former CEO Steve Easterbrook,......

House Speaker Nancy Pelosi opposes banning Congress members from owning individual stocks: ‘We’re a free-market economy’

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CNBC – For more and to sign up click here Speaker of the House Nancy Pelosi, D-Calif., conducts her weekly news conference in Capitol Visitor Center on Wednesday, December 15, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images House Speaker Nancy Pelosi scoffed Wednesday at the idea of......

Ex-McKinsey partner pleads guilty to insider trading in Goldman Sachs fintech deal

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CNBC – For more and to sign up click here Puneet Dikshit Elizabeth Williams A former McKinsey partner has plead guilty to securities fraud for bets he made ahead of Goldman Sachs‘ $2.2 billion acquisition of fintech lender GreenSky. Puneet Dikshit, 40, had been charged with insider trading last month. He was......

Two Democratic Senators urge federal investigations into Facebook for allegedly misleading claims

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CNBC – For more and to sign up click here Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in Dirksen Building on Tuesday, October 26, 2021. Tom Williams | CQ-Roll Call, Inc. |......

Elizabeth Holmes admits she gave journalist incorrect info for Theranos cover story

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CNBC – For more and to sign up click here SAN JOSE, CALIF. – Theranos founder Elizabeth Holmes admitted on Tuesday that she gave a journalist inaccurate information for a lengthy profile that she used to woo investors. With cross-examination wrapping up, Holmes took the stand in her own defense......

Trump SPAC under investigation by federal regulators, including SEC

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CNBC – For more and to sign up click here Former U.S. President Donald Trump leaves Trump Tower in the Manhattan borough of New York City, New York, October 18, 2021. Jeenah Moon | Reuters The publicly traded SPAC that has announced plans to merge with former President Donald Trump’s......

QAnon shaman Jacob Chansley appeals sentence, seeks to void guilty plea in Jan. 6 Capitol riot case

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CNBC – For more and to sign up click here Jacob Chansley, holding a sign referencing QAnon, speaks as supporters of U.S. President Donald Trump gather to protest about the early results of the 2020 presidential election, in front of the Maricopa County Tabulation and Election Center (MCTEC), in Phoenix,......

Look out for these 3 common — and dangerous — Cyber Monday shopping scams

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CNBC – For more and to sign up click here You’re probably already looking for the best Cyber Monday online shopping deals. Here’s another recommendation, from the Federal Bureau of Investigation: Keep your eyes peeled for an uptick in cyber scams, too. Ahead of this year’s holiday shopping sprees, the......

Trump hotels, other businesses reportedly subpoenaed, but executive Matthew Calamari expected to avoid charges

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CNBC – For more and to sign up click here Matthew Calamari, an executive vice president with the Trump Organization, stands in the lobby at Trump Tower, January 12, 2017 in New York City. Drew Angerer | Getty Images Prosecutors in New York have issued new subpoenas for records on......

Tesla hires SEC lawyer, former fed prosecutor as managing counsel

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CNBC – For more and to sign up click here The logo marks the showroom and service center for the US automotive and energy company Tesla in Amsterdam on October 23, 2019. John Thys | AFP | Getty Images Tesla has hired David Misler as a new managing counsel, according to......

QAnon shaman Jacob Chansley gets new lawyer, might appeal Capitol riot criminal conviction and prison term

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CNBC – For more and to sign up click here “QAnon shaman” Jacob Chansley, the most notorious of the Jan. 6 Capitol riot defendants, has hired a new lawyer and may launch a long-shot bid to get his recent guilty plea and 41-month prison sentence tossed out, according to a......

Two Iranians charged with spreading election disinformation, threatening people to vote for Trump

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CNBC – For more and to sign up click here FBI Director Christopher Wray speaks during a news conference over ransomware cyberattack at the Department of Justice in Washington, DC on November 8, 2021. Olivier Douliery | AFP | Getty Images A federal grand jury in New York has indicted......

‘Criminals love buy now, pay later’: How fraudsters exploit popular interest-free payment plans

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CNBC – For more and to sign up click here The Klarna logo displayed on a phone screen. Jakub Porzycki | NurPhoto | Getty Images LONDON — Buy now, pay later services aren’t just popular among consumers. They’re also proving to be a hit with criminals. Fraudulent activity is on......

QAnon shaman Jacob Chansley faces sentencing in Jan. 6 Capitol riot case

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CNBC – For more and to sign up click here Jacob Anthony Angeli Chansley, known as the QAnon Shaman, is seen at the Capital riots, January 6, 2021. Brent Stirton | Getty Images “QAnon shaman” Jacob Chansley, one of the most notorious figures of the Jan. 6 Capitol riot, is......

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