NEW YORK—A German citizen accused of defrauding investors out of $4 billion by selling a fake cryptocurrency called OneCoin has been added to the FBI’s list of its ten most-wanted fugitives, U.S. officials said on Thursday. Ruja Ignatova, also known as “Cryptoqueen,” was charged in 2019 with eight counts including wire fraud and securities fraud…
US Adds ‘Cryptoqueen’ to Most-Wanted List Over Alleged $4 Billion Fraud
Former Solar Company Executive Sentenced to 6 Years in Prison for Billion-Dollar Ponzi Scheme: DOJ
A California man who took part in a billion-dollar Ponzi scheme through a fake solar power supply company has been sentenced to six years in prison and ordered to pay $624 million in restitution, the Department of Justice (DOJ) has announced. Robert A. Karmann, 55, a certified public accountant, was hired by DC Solar, a company based in Benicia in the…
Actor to Plead Guilty to Running Hollywood Ponzi Scheme
LOS ANGELES—A Los Angeles actor who appeared in low-budget horror and science-fiction movies is expected to plead guilty today to running a $650 million Ponzi scheme. Zachary Joseph Horwitz, who used the name Zach Avery in film credits, allegedly bilked investors who thought their money would finance distribution rights for movies that would run on…
Actor Pleads Guilty to Running Hollywood Ponzi Scheme
LOS ANGELES—A Los Angeles actor who appeared in low-budget horror and science-fiction movies pleaded guilty on Oct. 4 to running a $650 million Ponzi scheme. Zachary Joseph Horwitz, who used the name Zach Avery in film credits, allegedly bilked investors who thought their money would finance distribution rights for movies that would run on HBO…
Bernie Madoff, Disgraced Ponzi Schemer, Dies at 82
NEW YORK—Bernard Madoff, who was convicted for running the largest known Ponzi scheme in history, died on Wednesday in prison where he was serving a 150-year sentence, the Federal Bureau of Prisons said. He was 82. Madoff for decades presented himself as a successful and trusted Wall Street kingpin while secretly engaging in investment fraud,…
American Complicity: Export Money—Import Chaos
Commentary The American people are finally beginning to understand the connection between chaos in the United States and phony promises of wealth from China. American investors, industrialists, money managers, and their enabling politicians have poured American assets into communist China for decades—almost killing our manufacturing base; always chasing the promise of greater financial return in…
Opinion: American Complicity: Export Money—Import Chaos
Commentary The American people are finally beginning to understand the connection between chaos in the United States and phony promises of wealth from China. American investors, industrialists, money managers, and their enabling politicians have poured American assets into communist China for decades—almost killing our manufacturing base; always chasing the promise of greater financial return in…
US News
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- Mimi Nguyen LyThe U.S. Department of State on Monday said that independent investigators couldn’t clearly conclude the origin of the bullet that killed Al-Jazeera journalist Shireen Abu Akleh. The 51-year-old reporter for Al-Jazeera’s Arabic language channel died… [...]
- The Associated PressCHARLESTON, W.Va.—A federal judge on Monday ruled in favor of three major U.S. drug distributors in a landmark lawsuit that accused them of causing a health crisis by distributing 81… [...]
- Mimi Nguyen LyTwo police officers sustained injuries after they were shot in Philadelphia, Pennsylvania, during fireworks to celebrate the fourth of July, according to reports. The officers were sent to the Jefferson University… [...]
- The Associated PressRICHMOND, Va.—Amber Heard’s lawyers have asked a judge to throw out the $10.35 million verdict against her in the defamation case filed by ex-husband Johnny Depp, arguing that the verdict… [...]
- Masooma HaqNBA free agent Enes Kanter Freedom recently launched the Enes Kanter Freedom Foundation to help fight for religious liberty and human rights around the world. Freedom said it’s time to take… [...]
- Mimi Nguyen LyThe U.S. Coast Guard has rescued seven people after their vessel was struck by lightning off Florida. The incident took place about 100 miles offshore of Clearwater, Pinellas County. A four-person aircrew… [...]
- Caden PearsonCalifornia Gov. Gavin Newsom has granted a pardon to Sara Kruzan who spent 18 years in prison for murdering the man who trafficked her for sex as a teen. In… [...]
- Daniel Y. TengAustralia’s Foreign Minister Penny Wong has reaffirmed the country’s commitment to nuclear non-proliferation after a meeting with the head of the International Atomic Energy Agency (IAEA) on July 4. Rafael… [...]
- Gary BaiThe U.S.-Mexico border has become the world’s “deadliest” land crossing, according to data recently brought to light by a United Nations study. A historic high of 728 recorded immigrant deaths… [...]
- Bill PanThe City of Orlando, Florida, has apologized for its official message about the July 4 holiday that questioned why people would want to celebrate it at all. “A lot of people… [...]