#financial-deception

#financial-deception

Eight individuals were arrested and 15 charged in a scheme to defraud Medicare of over $50 million by running sham hospice facilities across Southern California. Federal officials described the actions as brazen efforts to commit fraud, with many billed patients not being terminally ill.

Most employer 401(k) plans allow mid-year changes to the deferral election percentage. Before the bonus pay period, raise the deferral rate high enough to funnel as much of the bonus as possible into the 401(k), up to the annual limit.

They've been killing people around the world for 45-plus years. They've killed a lot of Americans. They've funded Hamas, Hezbollah, the Houthis ... they have terrorist cells here.

Kilgour arranged a bank loan and in June 1989 he launched Four Seasons Health Care, taking the name from a restaurant in Midtown Manhattan where he had once dined.

Kalshi is launching new technological guardrails that preemptively block politicians, athletes, and other relevant people from trading in certain politics and sports markets.

Ryan's push for aggressive enforcement clashed with SEC leadership, leading to her resignation. The agency's current approach requires political appointees to approve investigations into their allies.

Maria Dickerson, also known as Dulce Pino, set up a shell company and used it to convince over 100 investors to give her around $10 million. As part of the alleged scheme that lasted from 2020 to about 2024, Pino told them that the company, Creative Legal Fundings of CA, had significant startup capital and support from an established CEO.

The Marin County District Attorney's Office said it is looking into complaints from some of more than 100 investors in Pacific Private Money who say that since December they haven't been able to access money invested with the company. The company, which claimed to have funded over $2 billion in property loans over its nearly two-decade history, is now being run by a San Francisco restructuring firm, and the Novato office is closed.

The IRS stated that its fragmented landscape can lead to undesirable outcomes including duplication of effort and cost, poor understanding of gaps in coverage, and suboptimal case selection.

The Commission has full authority to police illegal trading practices occurring on any DCM, including those described above related to prediction markets. Kalshi used its own announcement to underscore that we ban insider trading and said it had launched about 200 investigations over the past year. More than a dozen of those inquiries led to formal enforcement actions.

DOWNTOWN - In Brooklyn federal court, Pushpesh Kumar Baid, also known as "PK Jain," was sentenced to 20 years for his role in schemes to defraud investors in Tradepay Capital LLC, a purported factoring company, and in Luxestreet, Inc., a purported luxury goods pawn shop. Baid pled guilty to conspiracy to commit wire fraud in April 2025, approximately one week before the trial was scheduled to commence.