Financial crimes may involve fraud, embezzlement, money laundering, bribery, or other types of illegal activity that involve financial transactions.
The high-profile trial of former Theranos CEO Elizabeth Holmes boils down to a single question: Did she cover up defects in her startup's blood-testing technology to rip off investors while potentially endangering the lives of unwitting patients? More
December 21, 2021
The jurors now responsible for assessing 11 charges of fraud and conspiracy against former Theranos CEO Elizabeth Holmes are scheduled to begin their first full day of deliberations on Monday. More
December 20, 2021
The jury that will decide whether former Theranos CEO Elizabeth Holmes turned her blood-testing startup into a massive scam finally got the case late Friday after a three-month-long trial that captivated Silicon Valley. More
December 17, 2021
The trial of fallen Silicon Valley star Elizabeth Holmes moves into its final phase Thursday when federal prosecutors and defense attorneys will present their final arguments to the jury that will determine her fate. More
December 16, 2021
Here are five takeaways from the trial to help you catch up as both sides prepare for closing arguments next week, after which the case will be in the hands of the jury. More
December 10, 2021
Fallen entrepreneur Elizabeth Holmes finished her attempt to persuade a jury she suffered lapses in business judgment but never engaged in fraud while running blood-testing startup Theranos. More
December 8, 2021
In between her vague recollections, Holmes never wavered from her stance that she firmly believed that Theranos was on the verge of perfecting a blood-testing technology. More
December 8, 2021
A serial Florida bank robber once dubbed the “I-4 bandit” was arrested Tuesday for a new holdup just months after his release from prison, police said. More
December 1, 2021
By MICHAEL LIEDTKE AP Technology Writer SAN JOSE, Calif. (AP) — One-time entrepreneur Elizabeth Holmes, under questioning by prosecutors, struggled Tuesday to recall key events that led to her facing criminal fraud charges for allegedly fleecing investors and customers of her failed blood-testing startup Theranos. Her cross-examination began the day after she shared painfully vivid memories […] More
November 30, 2021
“She was in on it from the start. The defendant and Epstein lured their victims with a promise of a bright future, only to sexually exploit them,” Assistant U.S. Attorney Lara Pomerantz said. More
November 30, 2021
By MICHAEL LIEDTKE AP Technology Writer SAN JOSE, Calif. (AP) — Biotechnology entrepreneur Elizabeth Holmes, a former billionaire accused of engineering a massive medical scam, expressed some remorse while on the witness stand Tuesday, but denied trying to conceal that her company’s blood-testing methods weren’t working as she had promised. In her third day of […] More
November 23, 2021
Elizabeth Holmes' testimony, which focused largely on her enthusiasm based on positive early tests of that blood-testing technology, may be her best shot to avoid conviction on charges of criminal fraud. More
November 23, 2021
Fallen Silicon Valley star Elizabeth Holmes accused of bamboozling investors and patients about her startup Theranos and its medical device took the witness stand late Friday in her trial. More
November 19, 2021
Trump ally Steve Bannon indicted on two counts of contempt of Congress after he defied congressional subpoena from House committee investigating insurrection at U.S. Capitol. More
November 12, 2021
Florida man Akrum Alrahib pleaded guilty to defrauding California out of over $10 million in tobacco taxes - admitted conspiring to commit mail fraud. More
November 8, 2021
Shanga Hankerson - son of R&B legend Gladys Knight - sentenced to two years in prison for failing to withhold payroll taxes for restaurants that bore his mother's name. More
November 5, 2021
By JEFFREY COLLINS Associated Press COLUMBIA, S.C. (AP) — A prominent South Carolina lawyer whose wife and son were killed five months ago and has since found himself part of a half-dozen state investigations and a number of lawsuits had his assets frozen Tuesday by a judge worried he and his son might be scheming […] More
November 2, 2021
N.Y. prosecutors urged judge to order Calif. lawyer Michael Avenatti to begin serving a 2 1/2-year prison term over a year after he was convicted of trying to extort $25 million from Nike. More
October 29, 2021
S.C. lawyer involved in state police investigations has been cagey about assets and should hand over control of his money to independent representatives so he does not engage in fraud. More
October 29, 2021
By MICHAEL LIEDTKE AP Technology Writer SAN JOSE, Calif. (AP) — A jury weighing the fate of fallen Silicon Valley star Elizabeth Holmes got its first chance Friday to listen to recordings of her boasting to investors about purported breakthroughs in a blood-testing technology. The technology heralded as a quantum leap in blood testing, however, […] More
October 23, 2021
Florida businessman who helped Rudy Giuliani dig up dirt on Joe Biden in Ukraine convicted of campaign finance crimes including funneling a Russian entrepreneur's money to U.S. politicians. More
October 22, 2021
House voted to hold Steve Bannon -- longtime ally and aide to Donald Trump -- in contempt of Congress for defying subpoena from committee investigating violent Jan. 6 Capitol insurrection. More
October 21, 2021
Congressional committee investigating Jan. 6 Capitol insurrection set a vote to recommend criminal contempt charges against former White House aide Steve Bannon after he defied subpoena. More
October 14, 2021
A prominent South Carolina lawyer has been charged with stealing insurance settlements meant for the sons of his late housekeeper, state police said Thursday. More
October 14, 2021
Two wealthy parents were convicted of buying their kids' way into school as athletic recruits in the first case to go to trial in the college admissions cheating scandal. More
October 8, 2021
Prosecutor says wealthy parents who are the first to stand trial in the college admissions bribery scandal used lies and money to steal coveted spots at prestigious schools. More
October 6, 2021
Sen. Katrina Robinson was accused of stealing federal grant money awarded to The Healthcare Institute, which provides training in the health care field. More
September 27, 2021
Brian Laundrie, whose girlfriend, Gabby Petito's body was found at a national park, was charged with unauthorized use of a debit card. More
September 24, 2021
Former U.S. Secretary of Defense James Mattis testified Wednesday in the trial of fallen tech star Elizabeth Holmes. More
September 23, 2021
Lawyer Alex Murdaugh exits South Carolina jail after $10M insurance fraud arrest bond hearing More
September 16, 2021
