Tag #Fraud

Showing 289 to 300 of 483 results

cbsnews.com

🌐 85% Global Worthiness

Feb 19, 19:15

Nikola Files for Bankruptcy After Founder's Fraud Conviction

Troubled electric vehicle maker Nikola, after founder Trevor Milton's fraud conviction and dwindling funds, filed for Chapter 11 bankruptcy protection with $47 million in cash, planning limited operations until March, pending court approval.

Nikola Files for Bankruptcy After Founder's Fraud Conviction

Troubled electric vehicle maker Nikola, after founder Trevor Milton's fraud conviction and dwindling funds, filed for Chapter 11 bankruptcy protection with $47 million in cash, planning limited operations until March, pending court approval.

Progress

52% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the immediate consequences of Nikola's bankruptcy filing for its operations, employees, and investors?

Nikola, a once-high-flying electric vehicle startup, filed for Chapter 11 bankruptcy protection, possessing only $47 million in cash. This follows months of warnings about dwindling funds and comes after founder Trevor Milton's 2022 fraud conviction for misleading investors about the company's technology. The company plans limited operations until the end of March, pending court approval.

bbc.com

🌐 85% Global Worthiness

Feb 18, 16:10

Milei Faces Fraud Charges Over Cryptocurrency Collapse

Argentine President Javier Milei is facing fraud charges after promoting a cryptocurrency, "$Libra", which collapsed shortly after his social media post, causing investor losses and sparking political controversy.

Milei Faces Fraud Charges Over Cryptocurrency Collapse

Argentine President Javier Milei is facing fraud charges after promoting a cryptocurrency, "$Libra", which collapsed shortly after his social media post, causing investor losses and sparking political controversy.

Progress

44% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the immediate consequences of the $Libra cryptocurrency collapse following President Milei's social media post?

Argentine President Javier Milei is facing fraud charges after a cryptocurrency, "$Libra", he mentioned on social media, collapsed, causing significant investor losses. Milei denies endorsing the cryptocurrency, claiming he only shared a link. A judge will determine if charges proceed.

nbcnews.com

🌐 85% Global Worthiness

Feb 15, 13:09

DOGE's Aggressive Approach to Federal Spending: Reform or Recklessness?

The Trump administration, under the direction of Elon Musk's Department of Government Efficiency (DOGE), is aggressively targeting waste, fraud, and abuse in federal spending, facing criticism for its methods and potential for hindering meaningful reform, despite acknowledging the substantial $236 b...

DOGE's Aggressive Approach to Federal Spending: Reform or Recklessness?

The Trump administration, under the direction of Elon Musk's Department of Government Efficiency (DOGE), is aggressively targeting waste, fraud, and abuse in federal spending, facing criticism for its methods and potential for hindering meaningful reform, despite acknowledging the substantial $236 b...

Progress

56% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How do the methods employed by DOGE compare to the recommendations made by government watchdogs and oversight experts for addressing improper payments?

DOGE's actions, while addressing legitimate concerns about improper payments (estimated at $236 billion in 2023), are criticized for focusing on highly publicized, less impactful examples rather than systemic issues. This approach, some argue, undermines the credibility of efforts to reform federal spending and distracts from essential, evidence-based solutions.

abcnews.go.com

🌐 85% Global Worthiness

Feb 12, 01:11

Bannon Pleads Guilty in "We Build the Wall" Fraud Case

Steve Bannon, a former senior advisor to President Trump, pleaded guilty to defrauding donors to the "We Build the Wall" campaign, receiving a three-year conditional discharge that bars him from charity work or using donor data; the scheme involved secretly funneling hundreds of thousands of dollars...

Bannon Pleads Guilty in "We Build the Wall" Fraud Case

Steve Bannon, a former senior advisor to President Trump, pleaded guilty to defrauding donors to the "We Build the Wall" campaign, receiving a three-year conditional discharge that bars him from charity work or using donor data; the scheme involved secretly funneling hundreds of thousands of dollars...

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What is the immediate consequence of Steve Bannon's guilty plea in the "We Build the Wall" fraud case?

Steve Bannon, a former Trump advisor, pleaded guilty to defrauding donors to the "We Build the Wall" campaign. He received a three-year conditional discharge, barring him from charity work or using donor data. This is his second criminal conviction.

dailymail.co.uk

🌐 85% Global Worthiness

Feb 12, 04:11

UK Tax Evasion Costs Billions, MPs Warn

A UK parliamentary report reveals that tax evasion is costing the UK £5.5 billion annually, a figure MPs believe is likely underestimated due to systemic loopholes and a lack of inter-agency collaboration to combat fraud.

UK Tax Evasion Costs Billions, MPs Warn

A UK parliamentary report reveals that tax evasion is costing the UK £5.5 billion annually, a figure MPs believe is likely underestimated due to systemic loopholes and a lack of inter-agency collaboration to combat fraud.

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How is the lack of collaboration between government bodies hindering efforts to combat tax evasion?

The Public Accounts Committee (PAC) report highlights a lack of collaboration between HMRC, Companies House, and the Insolvency Service in tackling tax evasion. The committee also noted that HMRC lacks a clear strategy and that 5-20% of UK registered companies may be fraudulent, exacerbating the problem.

faz.net

🌐 85% Global Worthiness

Feb 12, 13:16

Wirecard Trial: Some Charges Dropped, Focus on Lender Fraud

A Munich court is dropping some charges in the Wirecard trial, focusing on the most serious allegations of defrauding a lender consortium led by Commerzbank with false financial figures; this could result in a lengthy prison sentence for ex-CEO Markus Braun, with a verdict expected this year.

Wirecard Trial: Some Charges Dropped, Focus on Lender Fraud

A Munich court is dropping some charges in the Wirecard trial, focusing on the most serious allegations of defrauding a lender consortium led by Commerzbank with false financial figures; this could result in a lengthy prison sentence for ex-CEO Markus Braun, with a verdict expected this year.

Progress

40% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the remaining charges against the accused in the Wirecard trial, and what is the significance of the court's decision to drop some charges?

Following over two years of proceedings, the Munich District Court will dismiss some charges against three former Wirecard executives, including ex-CEO Markus Braun. The prosecution agrees with the court's decision to concentrate on the most serious allegations, which are sufficient for substantial penalties. This increases the likelihood of a lengthy prison sentence for Braun, potentially 10-15 years, as previously indicated by the court.

politico.eu

🌐 75% Global Worthiness

Feb 19, 07:08

U.K. Government Faces Scrutiny Over Rapid Appointment of Investment Minister

The British government appointed Poppy Gustafsson as investment minister with less than 48 hours of vetting by the House of Lords Appointment Commission, despite her extensive connection to the Mike Lynch fraud cases, prompting criticism from the Conservative opposition.

U.K. Government Faces Scrutiny Over Rapid Appointment of Investment Minister

The British government appointed Poppy Gustafsson as investment minister with less than 48 hours of vetting by the House of Lords Appointment Commission, despite her extensive connection to the Mike Lynch fraud cases, prompting criticism from the Conservative opposition.

Progress

44% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the immediate implications of the British government's expedited vetting process for Poppy Gustafsson's appointment as investment minister?

Poppy Gustafsson, the newly appointed British investment minister, faced expedited vetting by the House of Lords' Appointment Commission (HOLAC), receiving less than 48 hours of scrutiny despite her extensive involvement in the complex fraud cases surrounding Mike Lynch and his companies, Autonomy and Darktrace. This rapid appointment has drawn criticism from the Conservative opposition, raising concerns about the thoroughness of the process.

bbc.com

🌐 75% Global Worthiness

Feb 17, 07:09

Fake Bailiff Scam Targets Individuals

Criminals are impersonating bailiffs to extort money from unsuspecting individuals in a growing scam involving fabricated debts and duplicated court systems; victims in Northumberland and Cheshire nearly lost thousands of pounds before verifying the information.

Fake Bailiff Scam Targets Individuals

Criminals are impersonating bailiffs to extort money from unsuspecting individuals in a growing scam involving fabricated debts and duplicated court systems; victims in Northumberland and Cheshire nearly lost thousands of pounds before verifying the information.

Progress

28% Bias Score

ShareSaveArticle

Peace, Justice, and Strong Institutions

12345678

Previous 1 of 8 Next

What specific tactics do these criminals employ to make their scam appear legitimate and increase the likelihood of success?

Criminals are impersonating bailiffs to defraud individuals, demanding immediate payment of fictitious debts to prevent furniture removal. Victims, like Paul from Northumberland and Victoria from Cheshire, received convincing phone calls and seemingly authentic documentation, nearly succumbing to the scam before verifying the information.

foxnews.com

🌐 85% Global Worthiness

Feb 13, 01:09

Elizabeth Holmes Begins 11-Year Prison Sentence for Theranos Fraud

Elizabeth Holmes, the founder of the failed blood-testing company Theranos, began serving an 11-year prison sentence on May 30, 2023, for fraud and conspiracy, ordered to pay $452 million in restitution; she maintains her innocence while working in prison and planning her return to healthcare techno...

Elizabeth Holmes Begins 11-Year Prison Sentence for Theranos Fraud

Elizabeth Holmes, the founder of the failed blood-testing company Theranos, began serving an 11-year prison sentence on May 30, 2023, for fraud and conspiracy, ordered to pay $452 million in restitution; she maintains her innocence while working in prison and planning her return to healthcare techno...

Progress

52% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the immediate consequences of Elizabeth Holmes's conviction, and how does it impact investor confidence in healthcare technology startups?

Elizabeth Holmes, the founder of Theranos, is serving an 11-year prison sentence for fraud and conspiracy. She began her sentence on May 30, 2023, and is incarcerated at FPC Bryan in Texas. Holmes maintains her innocence, stating that Theranos failed, but that failure does not equate to fraud.

theguardian.com

🌐 85% Global Worthiness

Feb 12, 04:11

Shareholder Lawsuit Alleges Edison International Misled Investors on Wildfire Prevention

Edison International faces a class-action lawsuit for allegedly misleading shareholders about its wildfire prevention measures before the January Eaton fire, which caused significant damage and loss of life in Southern California, resulting in a 34% drop in Edison's share price.

Shareholder Lawsuit Alleges Edison International Misled Investors on Wildfire Prevention

Edison International faces a class-action lawsuit for allegedly misleading shareholders about its wildfire prevention measures before the January Eaton fire, which caused significant damage and loss of life in Southern California, resulting in a 34% drop in Edison's share price.

Progress

44% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How did Edison's alleged misrepresentations about its power shutoff program contribute to the shareholder lawsuit?

The lawsuit, filed by shareholders led by Felipe Antillon, centers on allegedly false statements about Edison's power shutoff program. The complaint alleges that Edison failed to de-energize power lines near the Eaton fire's origin, despite assurances to the contrary. This inaction, coupled with lawsuits blaming Edison's equipment for starting the fire, led to the revelation of the alleged fraud.

dailymail.co.uk

🌐 85% Global Worthiness

Feb 12, 07:08

Global Scam Epidemic: India's Role and the Challenges of Combating Fraud

India accounts for 85% of global fraudulent calls, a result of call center outsourcing, lax data regulations, and the subsequent creation of large-scale, well-organized scam operations involving multiple countries and money laundering.

Global Scam Epidemic: India's Role and the Challenges of Combating Fraud

India accounts for 85% of global fraudulent calls, a result of call center outsourcing, lax data regulations, and the subsequent creation of large-scale, well-organized scam operations involving multiple countries and money laundering.

Progress

48% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

How do these Indian scam call centers operate, and what are the specific methods used to defraud victims?

These scam operations are often run as legitimate businesses with employees, HR departments, and payrolls, highlighting the scale and organization of this criminal activity. The use of robocalls and a multi-stage process, involving mules transferring money through multiple accounts in different countries, makes tracing and prosecuting these crimes extremely difficult.

sueddeutsche.de

🌐 85% Global Worthiness

Feb 12, 13:16

Wirecard Trial Shortened: Focus on Ten Key Fraud Charges

The Munich court is shortening the Wirecard trial, focusing on ten key charges of fraud against former CEO Markus Braun and two others, following an agreement with the prosecution to speed up the process which will address €3 billion in damages to banks and avoid a trial lasting into 2026.

Wirecard Trial Shortened: Focus on Ten Key Fraud Charges

The Munich court is shortening the Wirecard trial, focusing on ten key charges of fraud against former CEO Markus Braun and two others, following an agreement with the prosecution to speed up the process which will address €3 billion in damages to banks and avoid a trial lasting into 2026.

Progress

40% Bias Score

ShareSaveArticle

Reduced Inequality

12345678

Previous 1 of 8 Next

What are the immediate consequences of shortening the Wirecard trial, and what is its global significance?

The Munich Wirecard trial, Germany's largest post-war fraud case, is being shortened. The prosecution agreed to the court's proposal to focus on ten key charges, avoiding a trial that would have extended to 2026. This will not significantly reduce the potential sentences for the accused.

Showing 289 to 300 of 483 results