Sonam Sheth, provided by Published 10:13 am PDT, Monday, March 25, 2019 Eduardo Munoz Alvarez/Getty Images Michael Avenatti was charged on Monday with attempting to extort more than $20 million from Nike. According to a charging document from the Southern District of New York, Avenatti attempted to extract the money by "threatening to use his ability to garner publicity to inflict substantial financial & reputational harm on the company if his demands were not met." According to an FBI agent's statement in the court filing, Avenatti told Nike that if they didn't comply with his demands, he would hold a press conference accusing the company of misconduct. Earlier Monday, Avenatti posted a tweet saying he would hold a press conference on Tuesday morning to "disclose a major high school/college basketball scandal perpetrated by @Nike that we have uncovered. This criminal conduct reaches the highest levels of Nike and involves some of the biggest names in college … [Read more...] about Michael Avenatti charged over attempted extortion of Nike, bank fraud, and wire fraud in 2 criminal investigations
Banking frauds ppt
Former Trump campaign chairman Paul Manafort is set to be sentenced Thursday in the Eastern District of Virginia on charges including tax fraud and bank fraud. Manafort was convicted on eight counts last year. Manafort has requested a "significantly" lower sentence than the 19.5 to 24 years in prison sought by federal prosecutors. Sentencing guidelines call for a prison term of between 17.5 to nearly 22 years. Manafort was originally to be tried in two different cases, one in Virginia and one in the District of Columbia. He was tried in Virginia, but struck a plea deal to avoid a second trial on conspiracy charges. A federal judge determined in February he had breached his plea agreement by lying to the government, and he is scheduled to be sentenced in the D.C. case next week. Manafort has been behind bars for nine months.The sentencing hearing was scheduled to begin at the federal courthouse in Alexandria, Virginia, at 3:30 p.m. ET.Follow along with live updates below: Manafort's … [Read more...] about Paul Manafort to learn sentence on tax, bank fraud charges — live updates
Matthew Barakat, Associated Press Updated 9:39 pm PST, Wednesday, March 6, 2019 FILE - In this May 23, 2018, file photo, Paul Manafort, President Donald Trump's former campaign chairman, leaves the Federal District Court after a hearing in Washington. FILE - In this May 23, 2018, file photo, Paul Manafort, President Donald Trump's former campaign chairman, leaves the Federal District Court after a hearing in Washington. Photo: Jose Luis Magana, AP Photo: Jose Luis Magana, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE - In this May 23, 2018, file photo, Paul Manafort, President Donald Trump's former campaign chairman, leaves the Federal District Court after a hearing in Washington. FILE - In this May 23, 2018, file photo, Paul Manafort, President Donald Trump's former … [Read more...] about Manafort scheduled to learn sentence for tax, bank fraud
The Wall Street Journal reported last week that Huawei was under federal investigation and might soon have charges filed against it. During a press conference this afternoon, the Department of Justice did just that, indicting the Chinese telecommunications on 13 counts including money laundering, obstruction of justice, and sanction violations. The seriousness of these charges primarily surrounds Huawei’s alleged violation of the U.S. sanctions against Iran. Skycom is a Huawei subsidiary that does business in Iran, but the Chinese company had made claims that it sold its ownership of the company to not violate U.S. laws. According to the DOJ, this was a lie.After covering up its ownership of Skycom, Huawei reportedly used its banking partners to clear over $100 million of Skycom’s transactions through the U.S. Huawei’s CFO, Wanzhou Meng, who was arrested last year in Canada, was named in the DOJ’s investigation. In her executive role, Meng is … [Read more...] about Huawei is facing a 13-count indictment including bank fraud by the U.S.
Since November and December are prime time for last minute gift shopping and booking travel tickets home, consumers are more vulnerable to hacks. The numbers are alarming. A recent study by ACI Worldwide projects a 14 percent increase in fraud attempts during the 2018 holiday season. As more shoppers turn to online shopping for the promises of amazing discounts, hackers are ready with spam emails, phishing software, and even fake applications. Have you visited TNW's hype-free blockchain and cryptocurrency news site yet? It’s called Hard Fork. TAKE ME THERE A cybersecurity intelligence company has searched mobile app stores from all over the world, looking for those containing Black Friday and Cyber Monday in the search terms. More than 5.5 percent of the results were malicious apps featuring credit card number skimmers, adware, malware, and sometimes ransomware. With almost 40 percent of online transactions from Black Friday in 2017 coming from mobile phones, the threat is … [Read more...] about It’s the season for some family time, identity theft and bank fraud