Theranos founder Elizabeth Holmes wants trial preparations exempted from safety orders
SAN JOSE, Calif. — Theranos founder Elizabeth Holmes wants the judge overseeing her criminal fraud case to order her legal team’s trial preparations essential and exempt from coronavirus safety restrictions so lawyers and their agents can perform tasks that they say may provoke hostility.“While we are hesitant to encourage any person to undertake actions that are contrary to advice and directions from public health officials or impose any burdens on health care professionals or institutions, we must adhere to the direction provided by this court regarding the time and manner in which it wishes...
The Mercury News
Burr faces lawsuit as fallout continues over his sale of up to $1.7 million in stock
CHARLOTTE, N.C. — Fallout continued this week over revelations that U.S. Sen. Richard Burr dumped up to $1.7 million in stock after private briefings about the coronavirus, including a personal lawsuit against him.Politico reported the shareholder suit against Burr in U.S. District Court for the District of Columbia even as the U.S. Securities and Exchange Commission this week issued a stern warning against insider trading.Last week ProPublica and the Center for Responsive Politics reported that Burr sold the stocks in mid-February just before the market collapsed.As chairman of the Senate Int...
The Charlotte Observer
State AGs Crack down on coronavirus scams
WASHINGTON — From disgraced televangelist Jim Bakker in Missouri to a convenience store operator in New Jersey, suspected fraudsters are trying to take advantage of the coronavirus panic to trick consumers into buying useless or harmful products, triggering state anti-gouging laws and anti-fraud efforts by state attorneys general.“When people are desperate and afraid, they are more likely to make a bad financial decision,” Democratic North Carolina Attorney General Josh Stein, co-chairman of the National Association of Attorneys General Consumer Protection Committee, said in an interview with ...
Fraud discovered at UAE’s NMC Health
DubaiThere have been instances of “fraudulent behaviour” at NMC Health, the company has said in a statement on London Stock Exchange. This was confirmed after an investigation ordered by the hospital operator’s independent Board of Directors.The “Review Advisers” have “discovered evidence leading to suspected fraudulent behaviour in relation to some elements of NMC’s previous financial activities,” the company said in a statement to the London Stock Exchange. “NMC is fully committed to investigating these activities and has notified the relevant authorities in the UK and UAE to determine what ...
A fraud case in South Dakota throws harsh spotlight on organic grain
A $71 million fraud case in South Dakota is the latest blow to the organic supply chain.Federal prosecutors in February accused Kent Duane Anderson, a Rapid City, S.D., businessman, with passing off conventional grain and seed as organic for more than five years.Anderson pleaded not guilty to charges of wire fraud and money laundering.The case is the second large-scale organic fraud case in the Midwest to attract federal prosecution in less than a year, and comes amid ongoing concern over fraudulent organic imports.The South Dakota case is frustrating but unfortunately not a surprise, said Eri...
Star Tribune (Minneapolis)
Man Bags Four Months Imprisonment Over N1.8m Fraud
Justice Darius Khobo of the Kaduna State High Court on Wednesday sentenced one Abdulrasheed Imam (aka Alkanun Da Woru) to four months imprisonment for impersonation and fraud.News Agency of Nigeria(NAN) reports, that Imam was prosecuted by the Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Office on a two-count charge.Imam was sentenced after he pleaded guilty to the charge bordering on impersonation and cheating to the tune of N1,895,000 (One Million Eight Hundred and Ninety-five thousand Naira).Justice Khobo thereafter sentenced the convict to four months imprisonment, with a f...
Ex-MD Remanded Over Alleged N33m Fraud
Justice Saliu Saidu of a Federal High Court, in Lagos, has ordered that the former Managing Director of the Mortgage PHB Limited, Bayo Adewakun, be remanded in the custody of Nigerian Correctional Services (NCS) till the determination of his bail application.Bayo Adewakun was arraigned before the court for allegedly defrauding the mortgage firm the sum of about thirty-three million naira by the office of Department of Public Prosecution (DPP) of the Office of Attorney-General of the federation (AGF).Adewakun, founder of a consultancy firm, B.Waks Consultant, situated at 72, Queen Street, Alago...
Fraud, the Philippine cut
Fraud, the Philippine cutMalacañang reacted to PwC’s 2020 Global Economic Crime and Fraud Survey–The Philippine Report that cites the rise in bribery and corruption. The presidential spokesperson said it’s the fault of the private sector. I wish to make a few rejoinders to this reaction:1. That is partially true. It is also true that between the government and the private sector, it’s the former that has the power.2. Whenever a bribery transaction happens, it’s not the government personnel that’s the hapless victim.3. The PwC survey finding that says bribery and corruption is on the rise is pa...
Fraud, other economic crimes still ‘high’ in the Philippines — survey
Fraud, other economic crimes still ‘high’ in the Philippines — surveyIan Nicolas Cigaral(Philstar.com) – March 3, 2020 – 4:28pmMANILA, Philippines — Economic crimes like fraud and corruption remain prevalent in the Philippines, with asset theft being the “most disruptive” to local businesses as the country lags behind its international peers in adopting technologies to combat such incidents, a new survey released Tuesday found.Results of the 2020 Global Economic Crime and Fraud Survey by consultancy PricewaterhouseCoopers (PwC) showed fraud incidents in the Philippines have not diminished in t...
Alleged N50m Fraud: Ex-NITDA DG, Peter Jack, Granted N20m Bail
A former Director-General of National Information Technology Development Agency (NITDA), Mr Peter Jack, was today arraigned before the High Court of the Federal Capital Territory (FCT) for an alleged N50 million contract scam.The former NITDA boss was arraigned before Justice Justice Sylvanus Oriji, sitting at Apo, Abuja, by the Office of the Attorney-General of the Federation on a two-count charge bordering on criminal breach of trust and cheating.Jack was alleged to have deceitfully collected N50 million from one Mr Tunde Ajala, that he (defendant) would award him a contract worth of N1 bill...