ALBUQUERQUE, N.M. (AP) — The former chief financial officer for the New Mexico Spaceport Authority filed a whistleblower lawsuit alleging that he was forced to resign after raising concerns about financial malfeasance that he said cost taxpayers millions of dollars. Among numerous allegations, Zach DeGregorio said in the lawsuit filed […]
fraud
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NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of […]
Archegos Capital Management’s owner, Bill Hwang, and its former chief financial officer, Patrick Halligan, pleaded not guilty Wednesday to criminal charges filed against them in connection with the implosion of the family office last year. The men were arrested Wednesday morning and appeared in Manhattan federal court that afternoon. They […]
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NEW YORK, Dec 29 (Reuters) – The U.S. Securities and Exchange Commission charged Medallion Financial Corp and its president with fraud for trying to inflate the stock price of the lender to taxicab medallion buyers, amid competition from Uber (UBER.N) and Lyft . Medallion shares plummeted $3.83, or 45.3%, to […]
Editor’s note: This story was updated to correct the name of Neeraj Agrawal. Has “Elon Musk” asked you to send him bitcoins, offering to double your money? Did you get an official-looking solicitation from the Texas firm “Peters Wealth Management” to buy cryptocurrency? How about someone on a dating app […]