A woman has admitted to making a false claim about her astronaut ex-wife. Summer Heather Worden, 50, told police in July 2019 that her former partner, Anne McClain, had broken the law while working on the International Space Station (ISS). This was the first time anyone had ever reported a crime happening in space. Investigators from NASA's Office of the Inspector G...
In a surprising turn of events, a 27-year-old woman from Hayward found herself at the center of a fraud investigation. The trouble started when a Kentfield resident noticed strange charges on her credit card. Someone had used it to buy Apple products in San Francisco. This was not just a simple case of theft. It was a well-planned operation. Detectives got their fir...
JPMorgan Chase finds itself in a financial pickle. The bank is trying to stop paying the legal fees for two former employees, Charlie Javice and Olivier Amar. They were found guilty of fraud after selling their company, Frank, to JPMorgan. The bank says the legal bills have skyrocketed to an eye-watering $115 million. That's a lot of money, even for a big bank. Javi...
A recent court decision in the UK has significant implications for the estate of the late tech billionaire Mike Lynch. The High Court ruled that Lynch and his former finance chief, Sushovan Hussain, owe Hewlett-Packard Enterprise (HPE) over $940 million. This amount stems from a fraud case related to the sale of Lynch's software company, Autonomy Corp. , to HPE for $...
It's a twist of fate for Todd and Julie Chrisley, the stars of a popular reality TV show. They were locked up for a long time after being found guilty of some serious charges. The couple, known for their lavish lifestyle, were accused of tricking banks into giving them millions and avoiding taxes for years. They spent the money on fancy cars, clothes, ...
The mastermind behind the crypto lending platform Celsius Network has been handed a severe punishment. Alexander Mashinsky, the 59-year-old founder, has been sentenced to 12 years in prison. The judge deemed this necessary due to the seriousness of Mashinsky's crimes, which involved deceiving thousands of customers. The customers were promised secure investments, but...
The crypto world has seen its share of dramatic ups and downs, but few stories are as striking as the recent fall of prominent figures in the industry. The former head of Celsius Network, Alexander Mashinsky, received a 12-year prison sentence. This came after he admitted to two major fraud charges. His journey from a celebrated leader to a convicted criminal highlig...
In the bustling world of startups, a young entrepreneur named Charlie Javice found herself in hot water. The founder of Frank, a company that aimed to simplify the college financial aid process, was found guilty of deceiving JPMorgan Chase. The bank ended up buying Frank for a whopping 175 million dollars in 2021, only to discover later that the company's customer li...
The former leader of a once-promising media company got a break just before heading to prison. Carlos Watson, co-founder of Ozy Media, had his nearly 10-year sentence reduced by the then-president. This happened just hours before he was set to begin his prison term for financial fraud. Media industry insiders were surprised by the news. Watson's company, Ozy Media, ...
In a surprising move, President Biden has decided to commute the sentences of two well-known Chicago-area fraudsters. Rita Crundwell, who once worked as the comptroller for the small town of Dixon, stole a staggering $54 million to fund her extravagant lifestyle and horse breeding business. Sentenced to nearly 20 years, her release was set for 2028. Eric Bloom, the f...