Friday, July 4, 2025
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Fraud

Judge Rejects Prison Delay for Convicted Crowdfunding Scammer Elie Schwartz

New York real estate developer Elchonon “Elie” Schwartz has lost his attempt to delay prison time after being sentenced to 87 months (over seven...

How AI Deepfakes Are Fueling High-Stakes Scams: A $25M Fraud in Hong Kong

A coworker on a conference call in Hong Kong was duped into wiring $25 million to scammers who used advanced deepfake technology to impersonate...

SEC Charges Russell Todd Burkhalter and His Atlanta-Based Firm With $300 Million Ponzi Scheme and Obtains Emergency Relief

Burkhalter allegedly stole investor funds to buy a $3.1 million yacht and fund lavish lifestyleFor Immediate Release2024-97Washington D.C., Aug....

Elio Motors: The Three-Wheeled Dream That Left Investors Spinning

Elio Motors, once hailed as the future of affordable, fuel-efficient vehicles, is now a symbol of broken promises and...