Illustration by Elham Ataeiazar Daryn Carr is no stranger to side hustles. After his mom died from Covid in 2020, he used funds from her pension to pay off some bills and buy a car. With the remaining money, he invested in crypto and started an ATM business. One day in 2022, while scrolling through … Read more
Las Vegas Review-journal | Tribune News Service | Getty Images Federal prosecutors have disrupted a so-called pig-butchering scheme that cost victims more than $80 million, the U.S. Department of Justice announced Thursday. Four men have been indicted and two arrests have been made in one of the most sweeping enforcement actions yet on a type … Read more
A sign sits outside Banque Pictet & Cie SA in Geneva, Switzerland, on Friday, Oct. 16, 2015. Luke MacGregor | Bloomberg | Getty Images A major Swiss bank admitted to conspiring with U.S. taxpayers and others to hide over $5.6 billion from the Internal Revenue Service, the Department of Justice announced Monday. Banque Pictet, the … Read more
Former U.S. President Donald Trump watches as his former fixer and lawyer Michael Cohen is questioned by a lawyer for the attorney general’s office, before Judge Arthur F. Engoron during the Trump Organization civil fraud trial in New York State Supreme Court in the Manhattan borough of New York City, October 24, 2023 in this … Read more
Caroline Ellison, former chief executive officer of Alameda Research LLC, exits court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty Images Caroline Ellison, who ran Sam Bankman-Fried’s crypto hedge fund while also dating the FTX founder, told jurors in her second day of testimony that one way her … Read more
Freedom Holding CEO Timur Turlov speaks during a press interview in Moscow, Russia, Oct. 10, 2019. Maxim Shemetov | Reuters Freedom Holding, a Nasdaq-traded Kazakh financial firm that’s been the target of prominent short sellers, is being investigated by federal prosecutors and Securities and Exchange Commission counsel over compliance issues, insider stock moves, and an … Read more
FTX’s multibillion-dollar cryptocurrency blowup hasn’t destroyed all faith in the industry. In a new documentary premiering Monday, FTX customers, insiders and investors tell CNBC that despite not receiving a single dollar’s worth of cryptocurrency back, they’re optimistic on the industry and plan to keep investing. Evan Luthra, an app developer, entrepreneur and angel investor, told … Read more
Former President Donald Trump, a Republican presidential candidate, in Clinton Township, Michigan, to address auto workers, Sept. 27, 2023. Rebecca Cook | Reuters The New York civil fraud trial of former President Donald Trump and his company is back on track to begin Monday after an appeals panel lifted a temporary stay on the start … Read more
FBI Director Christopher Wray testifies earlier than a Home Judiciary Committee listening to on “oversight of the Federal Bureau of Investigation” and alleged politicization of regulation enforcement, on Capitol Hill in Washington, U.S., July 12, 2023. Jonathan Ernst | Reuters The mastermind behind a ransomware internet hosting service that allegedly helped criminals gather greater than … Read more