SAN FRANCISCO—Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla Inc private, but said the fund later backpedaled on its commitment. At a trial in San Francisco federal court, Musk told the investors’ lawyer Nicholas Porritt that he met on July 31, 2018, with…
Musk Testifies Saudis Backed Taking Tesla Private Before They Backpedaled
Elon Musk, at Trial, Says He Was Sure Saudis Backed Taking Tesla Private
SAN FRANCISCO—Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla Inc. private, as he defended against claims he defrauded investors by tweeting later that year about his electric car company. At a trial in San Francisco federal court, Musk told the investors’ lawyer Nicholas…
US Judge Orders Boeing Arraigned on MAX Fraud Charge
A federal judge on Thursday ordered Boeing Co. to appear in court on Jan. 26 to be arraigned on a 2021 felony charge after families of those killed in two fatal crashes objected to a 2021 plea deal. Boeing won immunity from criminal prosecution as part its $2.5 billion January 2021 Justice Department deferred prosecution…
Iowa Woman Arrested for Voter Fraud Scheme
The wife of a Woodbury County, Iowa, supervisor was arrested on Jan. 12 and charged with more than 50 counts of voter fraud, the Department of Justice announced. Kim Phuong Taylor, 49, of Sioux City, is married to Jeremy Taylor, who unsuccessfully ran in the Republican primary for Iowa’s Fourth Congressional District to replace Rep. Steve King in 2020. She appeared in court…
DOJ to Seize $465 Million of Robinhood Shares Tied to Bankman-Fried
U.S. prosecutors are in the process of seizing shares of Robinhood Markets Inc. tied to Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange, a U.S. attorney told a judge on Wednesday. The Department of Justice did not believe the 56 million shares of Robinhood, worth about $465…
Former Colorado Funeral Home Owner Sentenced to 20 Years for Selling Body Parts
A former Colorado funeral home owner was sentenced to 20 years in federal prison on Tuesday for defrauding relatives of the dead by dissecting 560 corpses and selling body parts without permission. Megan Hess, 46, pleaded guilty to fraud in July. She operated a funeral home, Sunset Mesa, and a body parts entity, Donor Services,…
Protest Organiser Denies Fundraising Fraud Related to Bristol Statue Toppling
A woman alleged to have organised a protest that led to a statue being toppled into Bristol Harbour has pleaded not guilty to fraud charges relating to fundraising pages she allegedly set up in June 2020. Xahra Saleem, 22, of Romford, east London, appeared at Bristol Magistrates’ Court on Tuesday accused of two counts of…
US Seeks 6 Years in Prison for College Admissions Fraud Mastermind
BOSTON—Federal prosecutors on Wednesday asked a judge to sentence the mastermind of the largest U.S. college admissions fraud scheme ever uncovered to six years in prison after he helped them secure the convictions of dozens of wealthy parents including Hollywood celebrities. Prosecutors made the recommendation a week before William “Rick” Singer, the college admissions consultant…
2 Suspects in Murder for Hire Case Charged With Wire Fraud
Two of the men charged in the murder for hire case that led to the 2018 killing of a Vermont man are now facing federal wire fraud charges, court records show. Serhat Gumrukcu and Berk Eratay are due in appear in U.S. District Court by video next week to answer the charges contained in an…
Sam Bankman-Fried Associates Plead Guilty to Charges in FTX Collapse
December 22, 2022
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Two associates of failed FTX boss Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange. Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, who co-founded FTX along with Bankman-Fried, pleaded guilty to charges in connection with “their roles in the fraud that contributed to FTX’s collapse,”…
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