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...
From ’30 Under 30′ to Fraud: The Dark Side of Early Success | Entrepreneur
In June, Nate Paul, an investor once regarded as a "real estate prodigy," was indicted on eight felony charges for allegedly making false statements on loan applications, which ultimately...
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...
‘Ghost Students’ Are Stealing Thousands in Federal Aid | Entrepreneur
Richard Valicenti, 64, received an out-of-the-ordinary check in the mail last summer. It was $1,400 for a Pell Grant to attend Saddleback College in Orange County, CA. Valicenti, a...
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...
Former Employee Stole Over $500,000 From Wegmans | Entrepreneur
Alicia Torres, 47, pleaded guilty to wire fraud last week in a scheme that resulted in her stealing over half a million dollars from her former employer, Wegmans.For nearly...
