Sam Bankman-Fried is found guilty of all charges in FTX's spectacular collapse
The conviction marks a spectacular fall from grace for a once shining star in finance. He faces decades in prison.
financial fraud
Trump's N.Y. business empire is 'greatly at risk' from judge's fraud ruling
Legal and business experts say the ruling in New York state threatens assets such as Trump Tower and also empowers state Attorney General Letitia James, one of Donald Trump's main legal critics.
Hidden audits reveal millions in overcharges by Medicare Advantage plans
Taxpayers footed the bill for care that should have cost far less, according to records released under the Freedom of Information Act. The U.S. government may charge insurers $650 million as a result.
Two Students Allegedly Cheated Apple Out Of Nearly $900,000 In Fake iPhone Scheme
Prosecutors say it was an elaborate deception that involved roping in friends and family, while using nonsensical pseudonyms and a slew of mailing addresses. The plot seems to have come from China.
Arizona Brothers Charged With Scamming Conservative Political Donors
Federal prosecutors allege that William and Robert Tierney pocketed nearly $4 million through sham political action committees. Only $109,000 went to candidates.
Chinese Investors Reeling After Wealth Management Firm's Collapse
The $5 billion Shanghai company was the third financial firm to collapse in China since December. "Every time I take a bite of food," says an investor who lost everything, "I feel I am wasting money."
U.S. Credit Cards Tackle Fraud With Embedded Chips, But No PINs
The nation's biggest banks are leaning toward a new credit card security system that will rely on embedded chips and signatures rather than PINs. But critics say the PIN-and-chip system is superior.
Big Banks Will Pay $4.25 Billion In Fines Over Currency Manipulation Charges
U.S. firms Citigroup and JPMorgan Chase will pay the largest fines, around $1 billion each, to settle civil charges that they colluded to manipulate the foreign exchange market.