Fraud
Florida CEO, 81, Indicted for $250 Million Ponzi Scheme | Entrepreneur
It looks like 81-year-old Carl Ruderman, the former CEO of short-term business loan company 1 Global Capital, might be saying goodbye to a luxurious retirement.Ruderman has been indicted on...
California Family Accused of $7.6M Recycling Scheme | Entrepreneur
A California family that amassed millions of dollars through recycling cans and bottles is now facing serious allegations and multiple felony charges that could result in prison time.State prosecutors...
Man Charged in $4.5 Million Elderly Timeshare Scheme | Entrepreneur
On Tuesday, a federal grand jury indicted a man from West Los Angeles for running a telemarketing scam that targeted elderly victims over the course of a decade, resulting...
IRL Messaging App Shuts Down, 95% of Users Were ‘Bots’ | Entrepreneur
IRL (short for "In Real Life") had big plans for the future of social network messaging. The concept hinged on the idea that IRL would facilitate more in-person meetups...
5 Ways to Spot and Avoid Deepfake Phone Scams | Entrepreneur
As AI technology advances, the rise of deepfakes poses an ever-evolving threat. These manipulated images, videos, and audios use artificial intelligence to create convincing but false representations of people...
I Was Duped By Elizabeth Holmes and Watched Theranos Collapse | Entrepreneur
This article originally appeared on Business Insider. This as-told-to essay is based on a transcribed conversation with Patrick O'Neill, the head of creative at Starco Brands and the former...
Father-Son Duo to Serve Time for $20 Million Lottery Scheme | Entrepreneur
A father and son had their day in court after a decade of lying and scheming to defraud the Massachusetts State Lottery – illegally claiming more than $20 million...
Underground Cellar Bankrupt, Owes Customers Millions in Wine | Entrepreneur
Underground Cellar, a San Francisco-based company, could easily be a wine enthusiast's dream: for free, customers could buy and store up to 500 bottles in the company's "temperature-controlled CloudCellar"...
