Have you ever wondered about the people who lurk behind scam emails asking for mysterious wire transfers, or who post ads for suspiciously cheap cars that never materialize after the buyer sends a payment? Today, the Department of Justice outed a few of these unscrupulous types, indicting 19 people for allegedly laundering money and perpetrating a variety of international financial scams. [More]
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19 People Indicted For Money Laundering, CEO Scams, Imaginary Car Scams
By 3.1.17 — Updated: 5.10.17
Federal Government Rolls Up Another Subpoena, Serves It To Chipotle
By 2.2.16
While the good news for Chipotle is that the Centers for Disease Control and Prevention have closed their investigation into the burrito eatery’s multi-state E. coli oubreak, late last week the company was served with a federal subpoena demanding more information about an earlier outbreak of norovirus in California that sickened 200 people. [More]
CEO Who Hiked Price Of Drug By Over 5400% Arrested In Unrelated Securities-Fraud Investigation
By 12.17.15
Three months after Turing Pharmaceuticals entered the spotlight by buying the rights to a generic drug used to save lives and dramatically increased the price from $13.50 to $750, the company’s CEO has been arrested in a securities-fraud investigation. However, the charges are related to another company the man once led. [More]
Feds: Green Energy Ponzi Scheme Duped Consumers Out Of $54.5M
By 9.3.15
When someone makes a promise that seems too good to be true: like saying you’ll be “stinkin’, filthy rich” if you invest in their green energy technology, it’s a good idea to look into that proposition with a little more scrutiny. That kind of attractive, yet ultimately worthless deal cost consumers nearly $54.5 million, federal prosecutors say. [More]
