All articles tagged with #fraud lawsuit
Jimmy Kimmel faces a fraud lawsuit from George Santos over ridiculous messages sent through the Cameo app, finding humor in the situation and mocking the lawsuit. Kimmel also poked fun at Donald Trump's civil fraud trial and his attempt to sell expensive Trump-branded sneakers, likening them to something "you'd wear on a Flag Day mall walk with Mr. T" and suggesting he'd rather buy Yeezys from a "mentally unstable racist."
New York Attorney General Letitia James has expanded the fraud lawsuit against Digital Currency Group (DCG) and Gemini, now claiming they are responsible for $3 billion in investor losses tied to the defunct Gemini Earn program and direct investments with Genesis. The companies are accused of misleading investors and assuring them of the safety of their money, despite allegedly being aware of impending financial doom. The lawsuit has been expanded to include more investors who reported similar harm, prompting calls for stronger cryptocurrency regulations. DCG has responded by accusing the attorney general of seeking press attention and has vowed to fight the claims aggressively.
The United States has reached a $37 million settlement in a healthcare fraud lawsuit against Cigna, accusing the company of submitting false and invalid patient diagnosis codes to inflate its Medicare Advantage payments. The lawsuit alleged that Cigna used vendors to conduct in-home assessments of plan members, but the diagnoses provided were not supported by proper testing or imaging and were often not reported by any other healthcare provider. As part of the settlement, Cigna admitted to certain conduct and agreed to implement accountability measures. The company also resolved separate allegations of submitting invalid beneficiary diagnoses to inflate Medicare Advantage payments.
A New York state appeals court judge has temporarily halted the fraud trial against former President Donald Trump and his family business, pending an appeal. The trial, scheduled for October 2, was put on hold after Trump sued the trial judge and the New York Attorney General, accusing them of defying a court order. The appeals court will rule on the matter in the last week of September. The trial could still proceed on October 2 depending on the court's decision. The attorney general alleges that Trump's financial statements were fraudulent, seeking a $250 million fine and to bar Trump and his sons from leading the Trump Organization. Trump denies any wrongdoing and calls the case a Democratic "witch hunt."
Alex Mashinsky, the founder of bankrupt cryptocurrency lender Celsius Network, has been ordered by a Manhattan state court judge to face a civil fraud lawsuit filed by New York Attorney General Letitia James. The lawsuit alleges that Mashinsky defrauded investors by misrepresenting Celsius as a safe alternative to banks while concealing its risks and investment losses. The judge ruled that the attorney general's claims have merit and that some claims can be pursued under the Martin Act, a state securities law. Mashinsky is also facing criminal fraud charges brought by the U.S. Department of Justice and civil lawsuits from the SEC, CFTC, and FTC. Celsius Network, which offered high interest rates and easy loan access, had a $1.19 billion balance sheet deficit when it filed for bankruptcy in July 2022.
Former President Trump faced questions under oath for nearly seven hours in a business fraud case brought by the state of New York, alleging that Trump and his children systematically committed fraud by overvaluing Trump’s assets by billions of dollars. The case seeks a $250 million penalty and to prevent the Trump family from continuing to do business in the state. Trump and his legal team have repeatedly claimed no wrongdoing in the case and that New York Attorney General Letitia James is politically motivated. Trump faces multiple legal entanglements, including criminal investigations in New York, Washington, D.C., and Georgia.
Former President Donald Trump has been deposed for the second time in the Manhattan offices of New York Attorney General Letitia James as part of the civil pretrial discovery process in a lawsuit alleging years of fraud. Trump and his legal team arrived at the attorney general's offices shortly before 10 a.m. ET, and remained in the building for about eight hours. The civil case is scheduled to go to trial on Oct. 2.
Former President Donald Trump appeared for a deposition in a New York civil lawsuit alleging fraud in past business practices. New York Attorney General Letitia James sued Trump and his family-run business for fraud, alleging that they overvalued property holdings in order to obtain favorable bank loans. The lawsuit seeks $250 million in damages and other sanctions that could shutter the former president's namesake business, the Trump Organization. This comes less than ten days after Trump pleaded not guilty to criminal charges of falsifying business records.
Former US President Donald Trump faces deposition in New York City as part of the state attorney general's $250 million civil lawsuit alleging widespread fraud by the former president and his company. The suit accuses Trump of repeatedly overstating the values of his assets in statements to banks, insurance companies and the IRS in order to obtain better loan and tax terms. Trump's social media posts ahead of the latest deposition railed against New York Attorney General Letitia James, the first Black woman to hold her title, as a "racist" and a "lowlife" who was biased against him.
Former President Trump will return to New York City this week to face questioning regarding Attorney General Letitia James' fraud lawsuit against him and the Trump Organization. James' investigation is separate from the 34 counts of felony fraud that Manhattan DA Alvin Bragg leveled against Trump last week. Trump attempted to respond to James' lawsuit with one of his own, alleging she was abusing her position and causing harm to his family and business. He voluntarily withdrew the lawsuit in January, however.