12 posts tagged ‘Fraud’
MoviePass CEO faces prison after defrauding investors
Boing Boing,
Smug fraudster and MoviePass mastermind Ted Farnsworth finally faces justice after years of exploiting investors' dreams – but his potential 25-year sentence feels light for someone who made a career of destroying trust and retirement accounts. The 62-year-old serial scammer, who cringingly describes himself as a "financier, entrepreneur, and consummate disrupter" pleaded guilty this week to brazenly defrauding investors not once, but twice – first through MoviePass's infamous "$9.95 unlimited movies" scheme, then astonishingly repeating his con at Vinco Ventures after that company inexplicably hired him as CEO in 2022. — Read the rest The post MoviePass CEO faces prison after defrauding investors appeared first on Boing Boing.
Donald Trump’s Victim Shtick Is Getting Old
The New Yorker,
The New York civil case against him will be decided on the basis of facts, not political speeches.
How to Avoid Sneaky Cyber Monday Scams
Gizmodo,
It’s nearly Black Friday and Cyber Monday—that beautiful time of the year when Americans forego their normal, sensible fiscal concerns and embrace the spirit of debauched consumerism that our great country is really all about. But before you bust out that credit card to needlessly splurge on a new 4K OLED or a Meta… Read more...
GOP lawmaker files new motion to expel George Santos from Congress
Serial liar George Santos is facing expulsion yet again after yesterday's scathing House Ethics report that summed up the outrageous lawmaker as someone who "cannot be trusted." The motion to expel comes even after Santos had already announced yesterday that he would not run for reelection in 2024 — because at least for some in Congress, removing the New York fraudster can't come soon enough. — Read the rest
Yet another former Silicon Valley darling is convicted of investor fraud
TechCrunch,
This year will be remembered for a lot of things. Among them could be the growing number of stars in the startup world who were later convicted for defrauding investors. Roughly six months after Theranos founder Elizabeth Holmes headed to jail for four counts of wire fraud, and just two weeks after Sam Bankman-Fried was […] © 2023 TechCrunch. All rights reserved. For personal use only.
B'bye George Santos! The "disgusted" Congressliar says he will NOT return in 2024
Republican Rep. George Santos said he will not run for reelection in an X announcement made just after the House Ethics Committee's scathing 56-page report released today. Of course he blamed his decision on the press and a "disgusting politicized smear" against him — rather than owning up to the countless lies and acts of fraud that he is best (and only) known for. — Read the rest
George Santos used funds for Botox, Sephora, Only Fans, etc. says scathing new 56-page House Ethics report
Surprise, surprise. After a nine-month investigation, the House Ethics Committee has found New York's Congressliar George Santos guilty of possible "violations of federal criminal law." "[T]he evidence uncovered by the Investigative Subcommittee (ISC) revealed that Representative George Santos cannot be trusted," said the Committee's 56-page report, released today. — Read the rest
Zelle Begins Refunding Scam Victims in Major Tone Shift
Zelle, a payments app owned by seven of America’s largest banks, began reimbursing victims of imposter scams on the platform, according to an emailed statement from the company. Early Warning Services, the network operator of Zelle, says it will process refunds for scams dating back to June, which is a change of… Read more...