Category: defraud

Orange County Man Faces 20 Years in Defrauding Buyers of Gloves During Pandemic

April 12, 2023
CaliforniaCOVID-19 pandemicdefraudLake Forestnitrile glovesRegional & State NewsSouthern CaliforniaState NewsUS
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LOS ANGELES—An Orange County man pleaded guilty April 12 to defrauding victims who paid for COVID-related medical-grade protective gloves that were never delivered, causing more than $3 million in losses. Christopher Badsey, 62, of Lake Forest, entered his plea to four federal counts of wire fraud, according to the U.S. Attorney’s Office. U.S. District Judge…

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Orange County Man Faces 20 Years in Prison for Defrauding Glove Buyers During Pandemic

April 12, 2023
CaliforniaCOVID-19 pandemicdefraudLake Forestnitrile glovesRegional & State NewsSouthern CaliforniaState NewsUS
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LOS ANGELES—An Orange County man pleaded guilty April 12 to defrauding victims who paid for COVID-related medical-grade protective gloves that were never delivered, causing more than $3 million in losses. Christopher Badsey, 62, of Lake Forest, entered his plea to four federal counts of wire fraud, according to the U.S. Attorney’s Office. U.S. District Judge…

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Financiers Sentenced to 11 Years for Defrauding Libya Fund: UK Court

February 20, 2023
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LONDON—A former JPMorgan investment manager and an ex-Julius Baer banker were sentenced to a total of 11 years by a London court on Monday for defrauding a Libyan sovereign wealth fund out of millions of dollars. Frederic Marino, 56, and Yoshiki Ohmura, 47, were sentenced in their absence at London’s Southwark Crown Court for one…

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Police Say More Than 200,000 UK Fraud Victims May Be Linked to iSpoof Website

November 24, 2022
Business & MarketsCity of London PolicedefraudeconomyFraudInternationaliSpoofMetropolitan Policepersonal financeUKwebsiteWorld
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Police in London say they have taken down a website called iSpoof and smashed an international fraud operation that may have claimed more than 200,000 fraud victims in Britain. The Metropolitan Police said victims are thought to have lost tens of millions of pounds and those running iSpoof made £3.2 million ($3.88 million) over 20…

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AstraZeneca Beats US Shareholder Lawsuit Over COVID-19 Vaccine Disclosures

September 13, 2022
AstrazenecaBusiness & MarketsCCP VirusCompaniesdefraudmisleadingPfizerUSUS NewsVaccines & Safety
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NEW YORK—AstraZeneca Plc. on Monday won the dismissal of a U.S. shareholder lawsuit claiming that it concealed problems in developing its COVID-19 vaccine, making it unlikely the treatment would win regulatory approval in the United States. U.S. District Judge Paul Oetken in Manhattan said AstraZeneca shareholders in the proposed class action failed to identify any…

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Capital City Defrauded out of More Than Half a Million Dollars, Police Investigating

April 14, 2022
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Police are investigating an illegal transaction that saw Canada’s capital city defrauded out of more than half a million dollars. A memo to the city’s council shows staff found an irregularity on April 11 related to a $558,000 payment from the city to a partner agency. Staff later confirmed the city was a victim of…

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