A Florida man's clever lie about an AI-powered hedge fund has come to an end. A judge in Brooklyn has approved a deal where he must pay back over $4 million. This is what happened. Mina Tadrus claimed his company, Tadrus Capital LLC, used artificial intelligence to make big profits. But it was all
Carl Rinsch, the director behind the film "47 Ronin, " is in hot water. A jury found him guilty of tricking Netflix out of $11 million. He claimed the money was for his sci-fi series "White Horse/Conquest, " but it seems he had other plans. Instead of finishing the project, Rinsch took the cash and
A judge in New York recently handed down a 15-year sentence to a notorious figure in the crypto world, Kwon. The judge wasn't kind. He said Kwon was still hooked on the crypto craze and needed to be stopped. Without Kwon's guilty plea, the sentence would have been even harsher. This all started in
Donald Trump, the former U. S. president, has stirred up quite the storm with his recent pardon of Tina Peters. She's a former Colorado elections clerk who's currently behind bars. Peters was handed a nine-year sentence for her role in the 2020 election drama. The trouble started when she let unauth
Rene Benko, a former Austrian property mogul, is not backing down. His legal team announced plans to challenge a recent court decision. The court found Benko guilty of hiding assets during a financial crisis. This is not his first legal fight. He is already appealing an earlier conviction for simila
The U. S. Treasury is stepping up its game to keep an eye on money services businesses. This move comes after a big fraud case in Minnesota, where COVID relief funds meant for school kids' meals went missing. Over 77 people, many from the Somali community, are facing charges for this scam. The Trea
Senators Maggie Hassan and Josh Hawley have taken a stand against AI-driven scams. They sent letters to major AI companies, asking how they plan to stop fraudsters from misusing their technology. The companies include Anthropic, Google, Meta, Microsoft, OpenAI, Perplexity, and xAI. The senators wan
Do Kwon, once a big shot in the crypto world, got a hefty 15-year prison sentence. His downfall? A massive $40 billion fraud that shook the crypto market. Kwon, a Stanford grad, had a knack for making people trust him. He convinced investors that his stablecoin, TerraUSD, was a safe bet. But it was
Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison. This comes after he admitted to wire fraud and conspiracy to defraud. The judge in New York made this decision after hearing from people who lost money because of Kwon's actions. The collapse of Terraform Labs in 2
A federal grand jury in Virginia has, for the second time, declined to indict New York Attorney General Letitia James on mortgage fraud allegations. This decision comes after a federal judge dismissed an earlier case due to an improper appointment of a U. S. attorney. The recent grand jury, based in
