Two FTX associates have pleaded guilty to charges including wire fraud, commodities fraud, and securities fraud amid the crypto collapse that temporarily destabilized the U.S. economy. Amid the allegations leveled at the company are accusations that they kept no discernable ledger for transactions, did most of their bookkeeping with QuickBooks,…
The U.S. Postal Service is facing backlash over the rise in check washing. Check washing is the sort of crime you saw in Catch Me if You Can, where an individual will steal a check from someone else, remove the name from the check, and put their own name on the check…
There are 47 defendants in a federal lawsuit filed against the perpetrators of a $250 million scheme to defraud a pandemic-related relief program that earmarked funds for starving children. The Department of Justice announced that it was the largest pandemic relief fraud to date. The defendants have been charged with wire fraud,…
She was the “first African-American woman” to hold the title of Director of Special Investigations for the State of Illinois. She was the only woman to ever hold the position. She was the only African-American to ever hold the position. She was the only person ever to have held the…
Closing arguments are currently underway in a trial against a USC water polo coach. The coach is accused of faking test scores and inventing athletic achievements including using his role as a water polo coach to help rich applicants secure spots at the exclusive college. According to prosecutors, wealthy parents…
Larry Ray is going to prison, perhaps for life, after a New York jury convicted him on 15 counts all related to the exploitation and extortion of his daughter’s friends. Ray managed to convince his daughter to allow him to move into the dorms shortly after he was released from…
Most folks do not understand how our economic system really works. What is a bank? What is a security? What is a corporation? Folks who have general ideas about what the concepts mean tend to be misinformed. As an example, most folks believe that banks use deposits to issue loans.…
Elizabeth Holmes is accused of lying to investors and committing fraud. The state believes that she told investors that her company’s medical device would be able to replace complex labs that perform bloodwork. However, the device did not work as advertised, cost investors millions, and tanked the company for which…
Buried behind the headlines of high-profile criminal cases involving pedophile islands, modern lynchings, and public shootings, is another high-profile trial with incredibly high stakes coming out of California. However, because Elizabeth Holmes did not shoot three people, lynch a Black man, or organize the largest sex crime racket in human…
Necromancy is the act of wielding the dead against the living. Necromancers have the power to manipulate souls or bodies and use them at their will. While necromancy is not real and is more the stuff of fantasy novels, there are some who actually perform necromancy for personal gain. For…