Imagine a poker pro, Cory Zeidman, 63, from Long Island, New York. He moved to Boca Raton, Florida, and got involved in a massive betting scheme. This scheme, running from 2006 to 2020, tricked sports bettors into thinking they had insider information. Zeidman and his team claimed to know about "dir
Alexander Mashinsky, the founder and former CEO of the failed crypto lending platform Celsius Network, has pleaded guilty to federal fraud charges. He admitted to manipulating the price of Celsius’s crypto token and lying to customers about the company's practices. Mashinsky, aged 58, entered his pl
Let's talk about one of the biggest fraud cases in Vietnam. Truong My Lan, the chairperson of Van Thinh Phat real estate firm, was at the center of it all. The court upheld her death sentence, and the story behind it is quite shocking. Lan was accused of embezzling and bribing her way to control Sai
Ever heard of EzBtc? This cryptocurrency platform used to be based in Nanaimo, Vancouver Island. Recently, it was ordered to pay back a whopping $18. 4 million. Why? Because they stole from their users. EzBtc was supposed to keep customers' digital money safe, but they didn't. Instead, they took a t
Justin Sun, a 34-year-old crypto entrepreneur, made a bold move at a recent Hong Kong press conference. He ate the banana that was part of the $6. 2 million artwork he bought at a Sotheby's auction. The art piece, named "Comedian, " was created by Maurizio Cattelan in 2019. It consists of a banana d
As the holiday season approaches, so do the scammers. Recently, I received a text message asking me to click on a link and enter my ZIP Code to fix a delivery issue. The message looked suspicious and seemed to come from the Postal Service, but something didn't feel right. This is a reminder to keep
Imagine this: Macy’s just found out someone hid up to $154 million in expenses over the last few years. This mistake was made by a single employee, now gone, who was in charge of accounting for small package delivery costs. The company found out while preparing quarterly results, which showed sales
Earlier this month, Macy's stumbled upon a significant financial hiccup. One of their employees, in charge of small package delivery expense accounting, had been intentionally hiding expenses. This sneaky maneuver led to an underreporting of costs, amounting to anywhere between $132 million and $154
Ever heard of paper mills? They're secretive groups that craft low-quality or fake research papers for cash. A bunch of researchers called United2Act have teamed up to highlight this issue. They've come up with five big questions about paper mills that need more attention and support. First off, ho
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
