Steve Ballmer blasts founder he backed who pleaded guilty to fraud: ‘I was duped and feel silly’
Steve Ballmer wrote a fiery letter in the sentencing of disgraced founder Joseph Sanberg documenting all the harm that’s befalling him as an investor.
fraud
Five people plead guilty to helping North Koreans infiltrate US companies as ‘remote IT workers’
The U.S. Department of Justice said five people — including four U.S. nationals — “facilitated” North Korean IT workers to get jobs at American companies, allowing the regime to earn money from their remote labor.
Thousands of Indian bank transfer records found spilling online after security lapse
Security researchers found the exposed Indian bank transfer records, and the data was eventually secured. Indian fintech company NuPay took responsibility for the “configuration” error.
Thousands of Indian bank transfer records found online
Security researchers found the exposed Indian bank transfer records and the data was eventually secured, but nobody wants to take responsibility for the security lapse.
Aspiration co-founder to plead guilty to $248M fraud scheme
Joseph Sanberg is accused of falsely inflating revenue and fabricating a letter from Aspiration’s audit committee to obtain loans, which the startup ultimately defaulted on.
Match to pay $14M to the FTC due to false advertising and other deceptive practices
Match Group agrees to pay the FTC $14 million after it was sued for deceiving users into buying subscriptions.
CaaStle founder charged with fraud, turns herself in
The US Attorney for the Southern District of New York unsealed an indictment against Christine Hunsicker, charging her with wire fraud, securities fraud, money laundering, aggravated identity theft, and lying to financial institutions.
US government takes down major North Korean ‘remote IT workers’ operation
US prosecutors indicated a total of 13 people involved in the fraudulent scheme to steal and launder money for North Korea’s nuclear weapons program.