Christina Chapman pleaded guilty to conspiracy to commit wire fraud, aggravated identity theft and conspiracy to launder monetary instruments for helping North Koreans pose as American workers.She claims she didn’t know her employer’s operation was tied to North Korea, or that she was part of an international scheme.Watch the full story https://t.co/atEpeB9pXI ...

On Wednesday, Manhattan federal prosecutors unsealed an indictment against two Tricolor executives. Founder Daniel Chu and COO David Goodgame were charged with "systematically defrauding" lenders. Tricolor's collapse left banks exposed to hundreds of millions in loan losses. By August 2025, top executives of auto lender Tricolor knew they were in trouble: The company had pledged approximately $2.2 billion of collateral to lenders and investors, but only had approximately $1.4 billion of real collat ...

'Bitcoin Rodney' faces decades in prison as feds add wire fraud to HyperFund charges https://t.co/7p6qmX6rrb ...

Core Points - Christopher Kirchner, founder and CEO of Slync.io, has been sentenced to 20 years in prison for multiple charges including wire fraud and money laundering, with a release date set for September 6, 2040 [1][2] - The court highlighted that Kirchner diverted millions of investor funds for personal use rather than for the company's development, leading to his conviction [2][3] - Slync.io attempted to recover from the financial scandal after Kirchner's firing but was ultimately unsuccessful [2] Fund Diversion and Mismanagement - Kirchner raised a total of $58.05 million across several funding rounds from early 2020 to mid-2022, including $7.2 million in early 2020, over $50 million later in 2020 and into 2021, and $850,000 in the first half of 2022 [3] - Guidelines were established to govern Kirchner's access to funds, but he circumvented these controls, leading to unauthorized transfers [4] - Personal expenditures from diverted funds included luxury items such as wine, golf clubs, private jet charters, and a luxury suite at AT&T Field, as well as personal credit card debts [5] Scheme Unraveling - The scheme began to collapse in spring 2022 when Slync.io started missing payroll, prompting an investor to alert the CFO about potential misrepresentations of the company's financial status [6] - Kirchner's conviction was challenged on two main grounds: the propriety of witness questioning during the trial and whether certain financial transfers constituted a criminal scheme [7]

Core Points - Serhat Gumrukcu, former largest shareholder of Enochian Biosciences (now Renovaro), was sentenced to life in prison for the murder-for-hire of Gregory Davis [1][2] - Gumrukcu was convicted of multiple charges including murder-for-hire and conspiracy, with a jury finding him guilty in April 2025 [2][6] - The case highlighted significant fraud allegations against Gumrukcu and his company, with Hindenburg Research labeling Enochian a $600 million scam [2][3] Company and Industry Insights - Enochian Biosciences, which later became Renovaro, was involved in controversial biomedical ventures and faced scrutiny for its leadership and practices [3][8] - The company's former CEO, Mark Dybul, was criticized for allegedly ignoring fraudulent activities associated with Gumrukcu [3] - The investigation into Gumrukcu revealed a complex web of deceit, including the purchase of a fake medical degree and unorthodox treatment claims [9][10] - The murder-for-hire plot was financially backed by Gumrukcu, who allegedly financed the $200,000 operation to eliminate Davis, who posed a threat to his business dealings [11][12] - The case has drawn attention to the ethical and legal standards within the biotech industry, particularly regarding the accountability of executives and the potential for fraud [2][3][12]

Bad bit of bad news for the sector. >> Medical costs not under control here. All right.FBI director Cash Patel and the US attorney in Brooklyn holding a news conference right now related to the NBA and a federal gambling related investigation. Contessa Brewer has been listening in. Uh Contessa has some details.>> Yeah, this one is a doozy here, Mike. Uh what we know is that there are two separate investigations and indictments involving both of them. One is a sports gambling investigation and one is about i ...

Two MIT educated brothers are facing serious charges for allegedly pulling off a major crypto crime. Federal prosecutors say Anton and James Pere Bueno carried out a crypto heist in a matter of seconds. They accused the brothers of stealing $25 million worth of Ethereum crypto in what's being called a firstofits-kind fraud case.They're both facing charges related to conspiracy, wire fraud, and money laundering. And they could face a maximum of 20 years behind bars for each of those counts. NBC News has reac ...

Legal & Compliance - Erden Arkan, 76, pleaded guilty to conspiracy to commit wire fraud [1] - The fraud involved the collection of straw-man campaign contributions [1]

Legal & Regulatory - Do Kwon pleaded guilty to conspiracy and wire fraud in the U S [1] - He faces up to 25 years in prison over Terra collapse [1] Market Impact - The Terra collapse is a significant event [1]

Legal & Regulatory - Terraform's Do Kwon pleaded guilty to conspiracy and wire fraud related to the UST collapse [1]