Business

Sam Bankman-Fried expected to testify in US crypto trial

Sam Bankman-Fried, former CEO of one of cryptocurrency's biggest exchanges, plans to testify at the trial determining if he committed fraud by stealing billions of dollars from clients, a source close to the case confirmed ...

Business

Suit charges crypto firms with billion-dollar fraud

New York's attorney general on Thursday filed a lawsuit accusing cryptocurrency firms Gemini and Genesis with fraud that wound up costing investors more than a billion dollars.

Business

FTX founder Sam Bankman-Fried jailed after bail revoked

A US federal judge on Friday ordered FTX founder Sam Bankman-Fried back to prison less than two months before his trial on fraud charges, revoking the disgraced cryptocurrency tycoon's bail over alleged attempts to tamper ...

Business

Apple engineer from China among US tech theft cases

The United States announced charges on Tuesday against several Chinese and Russian nationals accused of stealing trade secrets and violating sanctions by seeking to export sensitive technology.

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Fraud

In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and is also a civil law violation. Many hoaxes are fraudulent, although those not made for personal gain are not technically frauds. Defrauding people of money is presumably the most common type of fraud, but there have also been many fraudulent "discoveries" in art, archaeology, and science.

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