Tag: fraud

  • 30 PPP Fraud Prosecutions So Far, and Counting

    30 PPP Fraud Prosecutions So Far, and Counting

    by

    in

    Paycheck Protection Program (PPP) loans have helped more than 5 million small business owners, providing a much needed lifeline during the Coronavirus outbreak catastrophe. The majority of business owners will be legitimate and will use the cash as intended stay operational and to retain employees. However, the PPP application has attracted a few rotten apples.…

  • Twitter Crypto Scammers Continue to Fly Under the Company’s Radar 

    Twitter Crypto Scammers Continue to Fly Under the Company’s Radar 

    by

    in

    Over the past two decades, cryptocurrency scamming on interpersonal websites has been prevalent. In January 2019, it was reported that crypto impersonation scams on Twitter raked in countless cryptocurrencies from those pretending to be well known blockchain personalities. Now a new type of deception can be observed on the stage, as scammers are using photoshopped…

  • Elon Musk settles with SEC, out as Tesla chairman

    Elon Musk settles with SEC, out as Tesla chairman

    by

    in

    Elon Musk settled with the Securities and Exchange Commission over charges of fraud on Saturday, agreeing to pay a massive fine and step down as the chairman of the Tesla board, pending court approval. He will continue to act as Tesla CEO. Musk and the SEC initially came to blows over Musk’s announcement that he…

  • Musk Settles Fraud Suit With SEC, Steps Down as Tesla Chairman

    Musk Settles Fraud Suit With SEC, Steps Down as Tesla Chairman

    by

    in

    After Tesla CEO Elon Musk tweeted which funding has been secured for a $70 billion go-private attempt, it appeared he might have only pulled off a massive coup — or could be facing an SEC investigation.   It was be the latter. Musk chose to repay with the Securities Exchange Commission on Saturday, based on reports. He'll…