Business
A former Apple employee has been charged with defrauding the tech giant out of more than $10 million by taking kickbacks, stealing equipment and laundering money, federal prosecutors said.
Mar 20, 2022
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Security
A Canadian man has been extradited to the United States to face charges in connection with ransomware attacks that netted tens of millions of dollars in cryptocurrency, the Justice Department said Thursday.
Mar 10, 2022
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Business
Elizabeth Holmes, a Stanford dropout at 19 with a baritone timbre and piercing stare, became Silicon Valley's sweetheart when she convinced wealthy investors she could revolutionize blood testing and promised Americans that ...
Jan 6, 2022
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Business
Jurors late Friday began deliberating whether fallen Silicon Valley star Elizabeth Holmes conned investors or earnestly believed the technology used by her blood-testing startup could revolutionize the industry.
Dec 18, 2021
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Fallen biotech star Elizabeth Holmes testified at her US fraud trial Friday in a risky defense bid, depicting herself as a committed innovator who spent her savings and quit an elite college to pursue her vision.
Nov 20, 2021
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Business
Chinese telecom giant Huawei said Friday its revenue plunged by a third in the first three quarters of the year, as it continued to struggle under US sanctions that have hit its smartphone sales.
Oct 29, 2021
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Fallen biotech star Elizabeth Holmes's fraud trial opened Wednesday in California, with prosecutors claiming she told grandiose lies to cheat investors in her once-billion-dollar company, as her defense said she simply made ...
Sep 8, 2021
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Business
The founder and one-time executive chair of Nikola Corp. surrendered Thursday in New York to face charges alleging he lied about the electric and hydrogen-powered truck startup, duping some financially struggling novice investors ...
Jul 29, 2021
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Automotive
Japanese automaker Mitsubishi Motors confirmed Monday it paid a 25 million euro fine issued by German prosecutors over emissions fraud allegations earlier this year.
Jul 12, 2021
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Security
Colombian officials say they have arrested a Romanian hacker who is wanted in the U.S. for distributing a virus that infected more than a million computers from 2007 to 2012.
Jun 30, 2021
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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.
This text uses material from Wikipedia, licensed under CC BY-SA
