Fraud

Democrat Lawmaker Abruptly Resigns, Faces Criminal Charges in Colorado

Colorado Democrat state Rep. Tracey Bernett abruptly resigned from office while facing multiple criminal charges, according to reports. Bernett's lawyers said the lawmaker has stepped down to focus on fighting her criminal charges. Bernett was released on a $10,000 personal recognizance bond after she turned herself into the Boulder County…

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BLM-Endorsed Democrat Jailed for Blowing Stolen DNC Cash in Casinos

A Black Lives Matter-endorsed Democrat politician has been jailed for stealing money from the Democratic National Committee (DNC) and blowing it in casinos. On Wednesday, former Louisiana Democratic Party chair Karen Carter Peterson was sentenced to 22 months in prison after being convicted of fraud charges. Peterson, a former state…

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Judge Throws Book at TV Star for Scamming Elderly, Sentences Her to 6.5 Years in Prison, Orders Her to Pay $6.6M Restitution

U.S. District Court Judge Sidney Stein has thrown the book at reality TV star Jen Shah over her role in a telemarketing scam that targeted the elderly. The judge sentenced the Real Housewives star to 6.5 years in prison and ordered her to pay millions of dollars in restitution. In…

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FTX Associates ‘Cooperating with Investigators’ in Case against Sam Bankman-Fried

Two associates of former FTX CEO Sam Bankman-Fried are reportedly "cooperating with investigators" in the prosecutors' fraud case against the boss of the failed cryptocurrency exchange. Bankman-Fried former allies have pleaded guilty to criminal fraud charges related to the collapse of the FTX. Caroline Ellison, the former CEO of Alameda…

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Top Executives Plead Guilty to Federal Fraud Charges in FTX Case

Two former top executives have pleaded guilty to federal fraud charges in the case against now-bankrupt cryptocurrency exchange FTX. Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, a co-founder of FTX, have both reportedly pleaded guilty and are cooperating in the criminal fraud case. Prosecutors say the…

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Sam Bankman-Fried Seeks to Launch New Business after FTX Collapse

FTX founder Sam Bankman-Fried has revealed his plans to launch a new business venture just weeks after the historic collapse of his cryptocurrency exchange. Bankman-Fried is currently facing a number of civil lawsuits brought against both him and his failed company. In an interview with the BBC published on Saturday,…

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Judge Throws Book at Michael Avenatti, Sentences Him to 14 Years in Prison

A judge has thrown the book at Michael Avenatti and sentenced the disgraced Democrat lawyer to 14 years in prison in his last criminal case. U.S. District Judge James V. Selna dropped the hammer on Aveannti after he was convicted of years-long financial fraud that victimized clients, his law firm,…

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Maria Bartiromo Unloads on FTX: ‘Is It Because He Donated $40M to Democrats That He Isn’t in Handcuffs?’

Fox Business star Maria Bartiromo has spoken out to ask why disgraced FTX "fraudster" Sam Bankman-Fried has not been arrested yet. During her show "Mornings with Maria," Bartiromo asked Sen. Cynthia Lummis (R-WY) whether Bankman-Fried is getting TV interviews rather than getting arrested because he donated a massive amount of…

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Biden Admin Unable to Account for $20 Billion in U.S Aid Sent to Ukraine

Democrat President Joe Biden's administration is reportedly "scrambling" to account for almost $20 billion in taxpayer money that was sent to Ukraine as military aid. Biden admin officials are desperately trying to track the missing funds as Republicans warn of impending audits when they take control of the House in…

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Federal Prosecutors Were Investigating FTX Months before Collapse but Dropped Case

Federal prosecutors in New York were investigating the recently-imploded cryptocurrency exchange FTX months before it filed for bankruptcy on November 11, according to reports. Slay News has been extensively reporting on the FTX scandal and highlighted the money laundering operation the company and its founder and CEO, Sam Bankman-Fried, were running in Ukraine to pump money…

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