A British con man was sentenced to 10 years in prison on Monday for swindling nearly $100 million from more than 140 victims. The financial asset he used to build his scheme? It wasn’t crypto or real estate. It was wine. The con man, James Wellesley, told his investors they were making loans to wine…
Silicon Valley tends to tolerate a certain amount of founder exaggeration when pitching investors, often dismissing it as part of selling a vision. But some choices cross the line and can lead to jail time for founders and scandal for their investors. A case in point is Joseph Sanberg, whose once high-flying fintech startup Aspiration…
Not long after the 2024 presidential election, the cryptocurrency entrepreneur Justin Sun bought $75 million in digital coins from World Liberty Financial, the Trump family’s crypto start-up. World Liberty said it was “honored” to work with him. Mr. Sun, known for his globe-trotting promotion of the crypto industry, called World Liberty an “excellent project.” Now…
A Grand Jury in Montgomery, Alabama, today returned an indictment charging the Southern Poverty Law Center (SPLC) with 11 counts of wire fraud, false statements to a federally insured bank, and conspiracy to commit concealment money laundering. The United States Attorney’s Office for the Middle District of Alabama Northern Division filed two forfeiture actions to…
Reporting Highlights A Prosecutor’s Calling: Tim Robinson said God told him to start a drug treatment program in hard-hit Kentucky, which grew to the largest in the state. The FBI Investigates: Former staff and investigators allege the drug treatment center falsified invoices to bill Medicaid for millions. The State Acts: After years of warnings about…
Shorouk Express A massive scam to defraud the EU has convulsed Athens this year, after many Greeks improperly received farm subsidies for pastureland they did not own, or for farm work they did not do. POLITICO first reported on the scheme in February. Several ministers and deputy ministers resigned over their alleged involvement in the…
Featured Podcasts Big Technology Podcast: OpenAI’s & NVIDIA’s $100 Billion Marriage, Meta’s Sloppy Vibes, TikTok Deal Arrives? The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators. Subscribe to Big Technology Podcast. Hard Fork: The Great A.I. Build-Out + H-1B Visa Chaos + TikTok…
Shorouk Express The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation…
Shorouk Express Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email President Donald Trump is escalating his crusade against the Federal Reserve’s independence by demanding the resignation of Lisa Cook, the first Black woman…
Shorouk Express The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US State and federal prosecutors have announced a flurry of arrests and charges in recent days for more…
