Fraud charges

Mike Lynch, once lauded as Britain’s answer to Bill Gates, has been acquitted of charges related to the controversial $11 billion deal between his company Autonomy and Hewlett Packard Enterprise Co (NYSE:HPE) in 2011. What Happened: Lynch was acquitted on Thursday of criminal charges of...

Banking giant Citigroup (NYSE: C) considered partnering with Alameda Research, a now-bankrupt crypto trading firm, to launch a crypto lending business in 2020, but decided against it due to concerns about the firm's lack of risk management.  Austin Campbell, the former co-head of...

Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, will reportedly plead to criminal charges alleging that he defrauded investors and misused billions of dollars in customer funds. The 30-year-old is scheduled to be arraigned on Jan. 3, 2023, in front of U.S. District Judge Lewis...

Four customers of FTX have filed a class action lawsuit in U.S. Bankruptcy Court for the District of Delaware (where FTX's bankruptcy proceedings are taking place) demanding priority in repayment for the approximately $2 billion in missing customer funds. The customers claim that FTX...