UnitedHealth stock drops 17% after reported Medicare fraud probe
UnitedHealth Group’s stock plunged Thursday morning after a report that the embattled insurance giant was being probed for Medicare fraud. ...
Tag: fraud
$100M New Jersey deli fraudster sentenced to six months in jail
The father-and-son fraudsters who pleaded guilty in a $100 million pump-and-dump scheme involving a New Jersey Deli were sentenced to ...
Student aid startup founder Charlie Javice lied to JPMorgan to secure $175M deal: prosecutor
A Florida woman deployed a “brazen fraud” to sell her student aid startup to JPMorgan Chase for $175 million after dramatically exaggerating ...
American Express to pay $230M settlement over claims of deceptive sales tactics
American Express said on Thursday it will pay about $230 million to settle criminal and civil probes into alleged deceptive practices in ...
Rank-and-file bank workers sell client data to online scammers: report
Bank staffers are selling client data in back-door deals with online fraudsters — helping to facilitate sophisticated scams that target ...
JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...
New Jersey deli fraudsters confess to $100m stock scam
The father-and-son fraudsters behind a $100 million stock manipulation scheme involving a New Jersey deli pleaded guilty on Thursday. Peter ...
Ozy Media founder Carlos Watson sentenced to nearly 10 years for defrauding investors
Former talk show host Carlos Watson was sentenced Monday to nearly 10 years in prison in a federal financial conspiracy case that ...
Owner of posh NYC wine shop demanded discounts on prize French booze in bizarre deal to sell store
The former owner of New York City’s now-defunct Chelsea Wine shop demanded deep discounts on a stratospherically priced French vintage ...
Ozy Media founder Carlos Watson convicted in fraud trial
Ozy Media and founder Carlos Watson were convicted of fraud by a Brooklyn federal jury on Tuesday, in a case ...
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