Embattled electric car manufacturer Tesla racked up its third class-action suit, filed this evening in California’s Northern District Court, stemming from bizarre and potentially unfounded tweets sent last week by CEO Elon Musk.
Elizabeth Holmes and Ramesh “Sunny” Balwani, the former key executives of blood-testing startup Theranos, have been indicted by a grand jury on nine counts of wire fraud and two counts of conspiracy to commit wire fraud, The Washington Post reports.
Back in October, Gizmodo reported that an Indiana couple had been charged for relieving $1.2 million worth of merchandise from Amazon. The U.S. Attorney’s Office for the Southern District of Indiana today announced husband and wife Erin and Leah Finan have been sentenced to nearly six years in prison each.
On Friday, SunTrust bank announced it was offering identity protection services at no charge to all of its clients in the form of Experian IDnotify. Perfect timing, as the company also announced—in the very same press release—a possible data breach affecting approximately 1.5 million customers.
Ride-sharing services have been implicated in all sorts of fraudulent schemes from clean-up fees for fake vomit and credit card theft to elaborate foreign dark money networks. But one of the oldest and hardest-to-kill scams hurting drivers uses little more than old fashioned social engineering to steal their earnings.
CEO Elizabeth Holmes and former president Ramesh “Sunny” Balwani of the disgraced blood-testing startup Theranos have been charged with “massive” fraud, according to the Securities Exchange Commission, and have agreed to resolve the charges.
Bitconnect is being sued yet again, according to a document filed today with the US District Court of Northern California. This lawsuit, to the best of our knowledge, is the sixth brought against the company since its abrupt closure in mid-January.
Employing sophisticated scams involving social engineering, email phishing, and the harvesting of employee passwords, attackers have pilfered millions of dollars from some of the world largest corporations—all while bypassing traditional hacking safeguards by simply avoiding the use malware.
A woman in Anchorage, Alaska was pulling off an embezzlement scheme so sly that even an IRS audit didn’t uncover the theft. But then her boss’s grandson infected peepaw’s computer with a virus, ultimately leading to the discovery of false checks.
Earlier this week, Stan Lee, creative partner to Jack Kirby and towering comics legend, celebrated his 95th birthday. But all was not well, true believers.
When the Apple Watch launched in 2015, Belle Gibson was touted by Apple as a star. Not only had Gibson supposedly cured her own cancer through healthy eating, she now had an app for both the iPhone and Apple Watch that could help others do the same. But now that her own cancer and “cure” have been exposed as fake,…
A suit filed Friday in the US District Court in Los Angeles by four South Korean banks alleges “massive fraud” with an outstanding debt of at least $230 million, and California-based electronic parts seller Newegg has been named as a defendant, along with wholesaler ASI Corporation and its officers.
After Belle Gibson was diagnosed with brain cancer in 2013 she went on to cure herself, and released a popular smartphone app focused on healthy eating. Gibson even donated a small fortune to charity with the proceeds. At least that was her story. Both Gibson’s cancer and her “cure” were lies. And now a court has…
Earlier this year, hundreds of companies began to publicly flee participation in the alt-right website Breitbart’s marketing network. One of those companies was Uber. But in a new lawsuit, Uber claims that its contracted advertising agency fraudulently continued to place ads on Breitbart, and the case seems poised to…
Depending on how you look at it, Equifax has some new career opportunities that are either dream positions (job security!) or employment hell: The credit reporting agency that recently copped to a historically awful data breach is now hiring fraud monitors and a fraud rules manager. And the date of the initial job…
Equifax, the credit reporting agency which admitted on Thursday it had lost massive amounts of information for 143 million Americans including social security numbers, is not making it easy to understand what the people it screwed over should do.
Smirking goblin Martin Shkreli was convicted of securities fraud mere moments ago, The New York Times reports. This small, greasy manchild faces as many as 20 years behind bars. Let us all breathe a sigh of relief.