Gautam Adani, the billionaire who heads India's Adani Group, has found himself in a sticky situation. He, along with several others, was charged with bribery and fraud in a New York court. The allegations suggest that Adani and his team paid over $250 million in bribes to Indian government officials
Joanna Smith-Griffin, the brains behind AI startup AllHere Education and a former Forbes 30 Under 30 honoree, is in hot water. The FBI just unveiled an indictment accusing her of lying to investors to steal nearly $10 million. From November 2020 to June 2024, Smith-Griffin allegedly fibbed about her
In a surprising turn of events, former FTX executive Gary Wang won't serve any jail time for his role in the crypto exchange's downfall. On Wednesday, a U. S. district judge sentenced him to three years of unsupervised release and time served for four fraud-related counts. The judge, Lewis Kaplan, p
Gary Wang, a co-founder of the now-defunct cryptocurrency exchange FTX, dodged a lengthy jail term. On November 20, 2024, he was sentenced to time served and three years of supervised release for his part in the crypto fraud. He was also ordered to forfeit $11 billion. Wang faced up to 50 years in p
Imagine trying to cut waste in a system that sends money to the deceased, funds questionable research, and maintains useless buildings. Elon Musk and Vivek Ramaswamy have taken on a mammoth task: reducing government spending by $6. 75 trillion. Their Department of Government Efficiency (DOGE) aims t
In Turkey, a shocking trial began this week. Doctors, nurses, and an ambulance driver are among the 47 people accused of causing the deaths of 10 infants. The case revolves around an alleged scheme to defraud the country's social security system. Prosecutors claim that these healthcare workers trans
Imagine a crypto puzzle where FTX, a once-thriving exchange, now accuses its former rival Binance of a $1. 8 billion mishap. This isn't just any feud; it's a tale of lost funds and alleged deceit. Back in July 2021, FTX's sister company, Alameda Research, bought back stakes from Binance's CEO, Chan
Former New York City mayor Rudy Giuliani has dismissed claims that he is hiding assets from two Georgia election workers he defamed. The ex-Trump lawyer made this statement as he entered a Manhattan federal court for a hearing on the matter. A lawyer for the women had alleged that certain items, sub
In a turn of events, Caroline Ellison, the former head of Alameda Research, reported to a federal prison in Connecticut on Thursday. This comes after her sentence of two years in prison last September for her role in the massive cryptocurrency fraud involving FTX. Ellison, who was a crucial witness
In recent years, the freight and retail industries have faced rising threats of fraud and organized crime. To tackle this, lawmakers have proposed new bills. The Safeguarding Our Supply Chains Act and the Combating Organized Retail Crime Act of 2023 aim to secure goods along the supply chain and hel
