The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out risk, greed and corruption.
In a little-noticed court filing earlier this month, federal prosecutors described Steve Bannon as a “co-conspirator” in a massive criminal fraud and racketeering case against a flamboyant, far-right Chinese fugitive, compounding the legal headaches of the former Donald Trump adviser. FBI agents in March 2023 arrested Guo Wengui, a self-styled anti-Chinese government activist Bannon once […]
In a significant development in the ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Terraform Labs, a jury has found the blockchain protocol and its co-founder Do Kwon liable for civil fraud over the crash of the Terra ecosystem in 2022. In response, the SEC has filed a motion seeking […]
Generative AI is now contributing revenue to Amazon's cloud business at
The Biden administration's program to expand access to broadband internet may run afoul of the law that created it, experts told the Daily Caller News Foundation. The National Telecommunications and Information Administration (NTIA), part of the Department of Commerce, is responsible for allocating $42.5 billion in funds intended to bolster the United States' broadband internet infrastructure through the Broadband Equity Access and Deployment Program (BEAD) program. The agency, in a move to...
Australia declares a multi-billion dollar war on “toxic masculinity”, twisted AI porn and domestic violence after a horrific rise in suspected murders - Anthony Albanese will ban “deepfake” and artificial intelligence-powered pornography as part of a $925 million bid to tackle the shocking rise in violence against women.The prime minister called a national cabinet meeting on Wednesday after a rise in suspected killings of women by men he knew since the start of 2024.Immediately after meeting...
John Wellford III, 73, pleaded guilty Wednesday to falsification of bankruptcy records.
An $ 8 million renovation of a campground in Western Pennsylvania is complete and reopened.
The son of a father and son team out of Stark County who conspired to defraud the government out of millions of dollars was sentenced Tuesday in federal court.
The former finance director for International Educational Services, or IES, is scheduled for a re-arraignment hearing on Tuesday morning in Brownsville federal court.
The federal government loses up to $521 billion a year to fraud, according to a first-of-its-kind estimate from a Congressional watchdog. The U.S. Government Accountability Office, which serves as the research arm of Congress, estimated annual fraud losses cost taxpayers between $233 billion and $521 billion annually, according to a new report published Tuesday. The fraud estimate's range represents 3% to 7% of average federal obligations.
“To protect my family today, I’ll withdraw as a candidate.” That’s the main takeaway from a rather long statement released on Thursday by Arizona state Rep. Austin Smith, who’s no longer running for re-election in his district after being accused of forging signatures to get on the ballot this fall. As AZ Central reports: The signatures on his petitions have also been sent to the state attorney general for review. Smith’s lengthy statement (which you can read below) says this is "silly" and...