All articles tagged with #fraud settlement
Bitcoin Depot has agreed to pay nearly $2 million to Maine to compensate victims of fraud linked to its bitcoin ATMs, which scammers have exploited to steal over $333 million in 2025. The company admits no wrongdoing, but the settlement aims to address the rise in ATM-related scams, which have become a major method for fraudsters to defraud Americans.
Former NFL player Reshad Jones settled a $9.5 million lawsuit with Merrill Lynch over a financial adviser who stole $2.59 million from him through fraud and laundering schemes, highlighting issues of athlete financial exploitation.
Health insurer Cigna has agreed to pay over $172 million to settle allegations of fraud related to inaccurate diagnoses submitted for its Medicare Advantage members. The settlement follows a government investigation into the coding practices of Medicare Advantage insurers and a whistleblower lawsuit against Cigna. The lawsuit claimed that Cigna's home visit program generated false and invalid diagnosis codes for complex conditions that require extensive testing or imaging, which cannot be reliably diagnosed in a home setting.
A federal appeals court rejected Elon Musk's bid to toss or modify his 2018 fraud settlement with the US Securities and Exchange Commission, leaving in place a consent decree that requires his tweets to be approved by a lawyer before he can post them. The court found Musk's argument that the SEC was exploiting the consent decree "to conduct bad-faith, harassing investigations of his protected speech" to be meritless. The court notes that the SEC has only investigated three of his tweets.