Manipulation, Fraud, Scam, Insider Trading etc.

[winston]

Forbes mocked as another ‘30 Under 30’ honoree joins the ranks of fraudsters Elizabeth Holmes, SBF

By Thomas Barrabi

“The Forbes 30 Under 30 have collectively raised $5.3B in funding,” tech investor Chris Bakke tweeted on Tuesday. “The Forbes 30 Under 30 have also been arrested for frauds and scams worth over $18.5B. Incredible track record.”

Source: NY Post

https://nypost.com/2023/04/05/forbes-mo ... ck-record/

[behappyalways]

Software tools provided by iSpoof allowed criminals to mask their own phone numbers and trick victims into thinking they were being contacted by genuine staff from banks, tax offices or even fraud departments, who would ask for their account details or bank card details in order to steal cash.


Mastermind Behind iSpoof Scam Site Jailed For 13 Years
https://www.zerohedge.com/technology/ma ... d-13-years

[behappyalways]

Silicon Valley's Big Scam: Claims Blood Drops Can Test Diseases, Female Founder Defrauded and Imprisoned

矽谷大騙局 宣稱滴血能驗病 女創辦人詐欺人獄 ｜方念華｜FOCUS全球新聞 20230531@tvbsfocus

https://m.youtube.com/watch?v=1YHpi6GnumU

[winston]

Four jailed for false trading and deceit under Securities and Futures Act

by Elysia Tan

Between August 2014 and January 2016, the schemers obtained control of 53 trading accounts opened in the name of 15 individuals, to buy and sell Koyo shares at progressively higher prices.

This was done with the aim of attracting a buyer to acquire the company via a reverse takeover.

Source: Business Times

https://www.businesstimes.com.sg/compan ... utures-act

[winston]

Crypto fund fraudster gets nine years in US$249m scheme

By Bob Van Voris

The Long Island, New York man who admitted swindling hundreds of millions of dollars from investors through his EminiFX cryptocurrency and foreign-exchange platform was sentenced to nine years in prison.

Source: Bloomberg

https://theedgemalaysia.com/node/675331

[winston]

Gold suppliers cheated of millions by single buyer

By FARIK ZOLKEPLI

More than 15 gold suppliers suffered an estimated RM30mil in losses after they were duped by a goldsmith.

Source: The Star

https://www.thestar.com.my/news/nation/ ... ngle-buyer

[winston]

US says stolen Covid relief funds seized so far top US$1.4 bil

By Kanishka Singh

The US Justice Department said on Wednesday (Aug 23) it has seized over US$1.4 billion (RM6.5 billion) in Covid-19 relief funds that criminals had stolen, and charged over 3,000 defendants with crimes in federal districts across the country.

Source: Reuters

https://theedgemalaysia.com/node/679936

[behappyalways]

Ex-Head Of JPMorgan's Precious Metals Desk Sentenced To Prison For Manipulation
https://www.zerohedge.com/commodities/e ... nipulation

[winston]

Bungalows, Rolls-Royces, Macallan whiskies and Cuban cigars: The inside track on ‘Fujian gang’s’ lifestyles

Launderers can use businesses as a front to clean dirty money, with profitability seldom a criterion. In fact, loss-incurring businesses “provide a legitimate reason to transfer funds to the (overseas) entities”.

Real estate

Casinos and nightclubs

Taking over clan associations

Source: Business Times

https://www.businesstimes.com.sg/singap ... jian-gangs

[behappyalways]

100s Of Nigerian Nurses & Midwives Probed By UK Regulator On Suspicion Of Fraudulently Passing Medical Exams
https://www.zerohedge.com/political/100 ... ng-medical