Business & Tech Will Elizabeth Holmes Face Stiff Sentence, or Will Judge Go Easy On Her Because of Baby? The specter of the Theranos collapse could linger on both with the upcoming trial of alleged co-conspirator Sunny Bulwani, and with Holmes's sentencing, which could come in mid-2022. But her jail time could be delayed pending an appeal.
SF News [Update] Elizabeth Holmes Jury Deadlocked on Three of Eleven Counts, Judge Polls Jurors The big news of Elizabeth Holmes’ Theranos fraud trial today is not entirely big news yet, just another delay, but the flip side of the jury being deadlocked on three counts means they will render a verdict on the other eight.
SF News Two California Men Charged In Phony PAC Robocall Scheme That Targeted Both Trump and Clinton Voters In 2016 Three men, two from California and one from Texas, were indicted by the federal government last week in an alleged $3.5 million fraud scheme in which they collected small donations via robocalls targeting American voters in 2016.
SF News Bay Area Ponzi Schemer Accused In Multi-Billion-Dollar Fraud Gets Sentenced to 30 Years One half of a Martinez couple who pleaded guilty last year in what's been described as the "biggest criminal fraud scheme in the history of the Eastern District of California" has been sentenced to 30 years in federal prison.
SF Politics Total Scope of California's Unemployment Check Fraud Was Around $20 Billion California state lawmakers held a hearing Monday with officials from the Employment Development Department (EDD), covering the agency's massive fraud problem in 2020, as well as the general dysfunction and bureaucracy in the department.
SF News San Leandro Man Charged Along With Two Others In $2M EDD Fraud Scheme Three people were charged earlier this month in one of the many fraud schemes uncovered during the pandemic in which unemployment claims were filed with the state under the names of incarcerated people and others.
SF News SF Doctor Indicted in Alleged Counterfeit Botox Scheme A Bay Area dermatologist allegedly skimmed a nearly million bucks by buying fake Botox from online pharmacies, and selling it to patients as the real thing.
SF News California EDD Confirmed to Be a Bloody Mess In New Auditor's Report A state auditor's report released Monday suggests that not only did the California Employment Development Department (EDD) mishandle hundreds of thousands of claims and leave legitimate unemployed claimants going hungry last year, but that possibly $30 billion was paid out to fraudsters.
SF News Massive Unemployment Scam Four Times Worse Than Thought, Victims Frozen Out of Their Own Accounts Scammers have racked up an estimated $8 billion in benefits, taken from the pockets of a million and a half genuinely unemployed people, who then find themselves locked out of their accounts, as California’s unemployment fraud spirals out of control.
SF News NorCal Woman Has Allegedly Been Collecting Unemployment Benefits In Dianne Feinstein's Name In one of many cases of EDD fraud being investigated, a Sacramento area woman who used to work for the EDD apparently cashed in $21,000 in fraudulent claims using the name and social security number of Senator Dianne Feinstein.
SF News Highly Suspicious COVID-19 Antibody Testing Site Raises Scam Concerns in San Jose A company called TestMe2 is charging $150 a pop for coronavirus antibody tests that have been rejected by the FDA, and not returning results for a month or longer, among many other red flags.
SF News 28 Bay Area Residents Charged By Feds In Medicare Fraud Scheme Involving Home Health Care The U.S. Attorney's Office in San Francisco on Thursday announced the filing of charges against 30 defendants — two corporations and 28 individuals — in an illegal kickback scheme connected to an East Bay home health care provider.
SF News An Alleged MySpace 'Resurgence' Was Fueled Mostly By Ad Fraud The running tech industry joke that is the continued existence of early stage social networking site MySpace just turned into even more of a joke. Once valued at $12 billion, the forgotten MySpace
SF News Elder Abuse Suspicions Shut Down Unauthorized Senior Facility Near Haight A routine Friday morning medical call turned into a raid on what authorities suspect was a sham senior care facility in Cole Valley. The Examiner reports that seven senior citizens have been removed
SF News Have You Seen This Alleged Target Fraudster? It's been months since the suspect in a downtown fraud case committed his alleged crimes, but that doesn't mean the dogged investigators at the San Francisco Police Department are content to let the
SF News SEC: Giants Pitcher Jake Peavy Lost More Than $15M In Ponzi Scheme Jake Peavy, the 35-year-old pitcher for the Giants, has had a difficult spring on — and relatedly — off the mound. He's 2 and 6, for the record, and usually much more reliable. At issue:
SF News SF Hedge Fund Accused Of Selling Fake Pre-IPO Uber Shares, Spending Investors' Money At Strip Clubs A San Francisco hedge fund has been accused of defrauding investors out of millions of dollars, with its CEO and a colleague spending their ill-gotten gains at strip clubs, casinos, and sporting events.
SF News SF Woman Arrested For Alleged Online Fundraising Scam To Treat Fake Cancer A woman once described by the SF Chronicle as an "accidental entrepreneur" is now cooling her heels in San Francisco County Jail, and faces accusations of raking in thousands of online funding bucks
SF News Man Accused Of Using Twitter To Manipulate Stock Prices A Scottish man is in trouble today, having been indicted yesterday by a San Francisco jury on charges of using Twitter to manipulate stock prices. Two companies were targeted in the 2013 scheme,
SF News Ed Lee Campaign Accused of Voting Fraud Mayor Ed Lee and SF Neighbor Alliance, the bogus grassroots effort that pooped out the cringe-worthy Run, Ed, Run campaign, are under fire this week after witnesses revealed to The Chronicle that they
SF News SF Bank Execs Charged With Bailout Fraud United Commercial Bank CEO Thomas Wu and vice presidents Ebrahim Shabudin and Thomas Yu were hit with federal charges from the Securities and Exchange Commission after accepting a whopping $298 million taxpayer bailout
SF News Glen Park Mother Fooled By Spanish Scammer A little fact-checking might've helped a Glen Park mother from essentially throwing away thousands of dollars this week. According to SF Weekly, 'A San Francisco woman living in Glen Park received a call
SF News Two Convicted of Posing as San Bruno Fire Victims Speaking of recent San Bruno fire news, 42-year-old Lisa Justin and 44-year-old Sonya Smith were convicted on Tuesday of trying to pass themselves off as victims in an effort to get relief aid.
SF News 4 San Bruno Fire Swindlers Arrested In a failed effort to get "free food and other aid," four people were arrested on Tuesday after allegedly posing as San Bruno explosion victims. SF Chronicle reports: "The four submitted driver's license
SF News North Beach 'Investment Consultant' Indicted for Bilking 60 Investors A North Beach 'investment consultant' named Joseph "Giuseppe" Viola was indicted in federal court in S.F. yesterday on multiple counts of mail fraud, wire fraud, and aggravated identity theft after defrauding at
