Subway Supply Chief, Brother Indicted in $80 Million Kickback Scheme
Federal prosecutors say Janet Risi Field and her brother took $60 million-plus in kickbacks from Subway's supply cooperative, funding homes, jewelry and household staff.
Topic
Fraud
Topic
Fraud
SEC Charges Advisers Over Fake OpenAI and SpaceX Pre-IPO Funds
The SEC sued Meyer Global Management's Owen Meyer over $18.5 million raised from investors, and charged two ex-Beyond Alpha Ventu…
A Deepfake Scammed Her Grandfather. Now DetectifAI Sells On-Device Detection
After a deepfake voice scammed her grandfather, founder Tarini Padmanabhuni built DetectifAI, which detects AI voices on-device a…
VC Dean Newton Exposed the $31M Swiftarc Ponzi Scheme
Relevance Ventures co-founder Dean Newton spent months chasing documents before taking the Swiftarc fraud to the FBI. Jawahar got…
SEC Says VC Firm's Ex-Nanny Moved $1.3 Million Into Her Own Accounts
The SEC alleges ex-nanny Ellen Polcari became sole signatory on fund accounts and moved $1.28 million to herself, spending it on…
SEC Accuses Venture Capitalist's Former Nanny of Taking $1.3 Million
The SEC says a VC's former nanny took $1.3 million from the back office she was hired to run, exposing the risks of trust-based i…
AI Is Making More Companies Worth Hacking, Anthropic Warns
Anthropic's 154-page threat report details attackers using Claude to seize cloud admin control in three hours and steal tokens ac…
Senator Moody Targets Staged Crash Fraud With New Bill
Senator Ashley Moody introduced the Staged Accident Fraud Prevention Act, targeting fraud rings after Florida logged over 1,000 s…
VC Funds Were the Engine of a $31 Million Ponzi Scheme
Sid Jawahar got 11 years and a $31.35 million restitution order. His Swiftarc Ventures VC funds paid off hedge fund investors who…