Francis retweeted
Shiloh Luckey, 42, of #Inglewood, was arrested and charged in a 15-count federal grand jury indictment with defrauding venture capital funds out of more than $13 million by lying about her credentials and her now-defunct tax compliance startup company’s revenue, then using investors’ money to purchase a home, a Tesla, and pay for her wedding in the Caribbean.
Luckey was arrested on Sunday in Fort Lauderdale, Florida, before she attempted to board a cruise ship for a vacation. Luckey was released on bond in the Southern District of Florida and is expected to appear in United States District Court in downtown Los Angeles in the coming weeks.
Luckey is charged with nine counts of securities fraud, three counts of wire fraud, one count of bank fraud, and two counts of money laundering. @USAO_LosAngeles
Additional details: justice.gov/usao-cdca/pr/for…
Francis retweeted
The Supreme Court rejected an appeal by Ramesh “Sunny” Balwani, president of the Theranos blood-testing company and former boyfriend of company founder Elizabeth Holmes. sfchronicle.com/politics/art…
Francis retweeted
Former CEO charged with fraud: “Investors are entitled to know that their money will be used for the purposes they were promised, not siphoned off to fund an executive’s personal expenses,” said U.S. Attorney Jamie McDonald. @NewYorkFBI
justice.gov/usao-sdny/pr/for…
SDNY ramping back up
Hedge fund founder charged with scheme to misrepresent fund performance to investors. “Investors deserve honest and accurate information when deciding where to put their hard-earned money,” said U.S. Attorney Jamie McDonald. @NewYorkFBI @NewYorkPostNP
justice.gov/usao-sdny/pr/hed…
Francis retweeted
Inglewood woman and former tax startup CEO federally charged with conning venture capital funds out of more than $13 million justice.gov/usao-cdca/pr/for…
Francis retweeted
Polymarket Perps is live.
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Long BTC, predict the Fed, short the S&P reaction — only on Polymarket.com
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Francis retweeted
Former executives of “pre-IPO” investment platform charged in connection with $450 million fraud scheme justice.gov/usao-sdny/pr/for…
Next admin going to have a backlog full of gripto founders
Senior executive charged with insider trading: Jesus Luis Morell made over $1.8 million trading while in possession of material, non-public information he received through his employment.
justice.gov/usao-sdny/pr/sen…
Francis retweeted
Founder of CaaStle sentenced to 5 years: “Besides harming investors in private markets, fraud in the startup space stunts growth and dims innovation,” said U.S. Attorney Jamie McDonald. “The women and men of this Office will work tirelessly to protect those investors and ensure integrity in those markets, so that innovation can thrive, and those who seek to undermine the integrity of those markets will face justice.”
justice.gov/usao-sdny/pr/fou…
Francis retweeted
Hello fellow founders, go to your investor's website and see if they still list you as a portfolio company.
What you do with the information is up to you.
Francis retweeted
NFT startup founder charged: Taj Tarsha allegedly misappropriated millions from investors to fund his gambling and lifestyle. @NewYorkFBI
justice.gov/usao-sdny/pr/nft…
Francis retweeted
one of the worst parts about the last bull was the constant thoughtslop about vc-bloated infra projects with no path to revenue
everyone knew deep down none of it was real, and the bearer of the cost ultimately fell to the retail investor holding the hot potato till the very end
Francis retweeted
Literally nobody is as good at this as @KristinSmith as we run through the tape
Developers believe in her leadership, members and staff seek her counsel, the anti-crypto army fears her, and she is a joy and a delight to have as a friend and mentor
Win or lose, we are at the precipice of the unprecedented because of the work of an unchosen few who put in the countless hours, untold effort, personal risk, and substantial capital to build things like @SolanaInstitute @BlockchainAssn and @AIPLeads
@KristinSmith is one of those few
We should count ourselves lucky she is
We have come so far with this legislation since the House passed the Clarity Act a year ago. There has been a lot of bipartisan input, and it is the best, most comprehensive language we have seen. - @KristinSmith on with @MariaBartiromo
Francis retweeted
🚨 Here is the full 53 minutes of my crew and I exposing New York fraud, we uncovered over $190,000,000 in fraud as these fraudsters use the elderly and needy to commit fraud through adult and personal home care scams in NYC. Your tax dollars are paying for elderly Koreans and Chinese to play ping pong and do tai chi, while the fraudsters give $ kickbacks to those who enroll. Like it and share this video, the fraud must STOP.
We ALL work way too hard and pay too much in taxes for fraudsters to steal from our pockets. These fraudsters have been able to defraud American taxpayers for years without any pushback from the public and politicians. Time is up.
EXPOSE IT ALL AND END THE FRAUD.
Francis retweeted
NEW: The CFTC has charged North Carolina-based Argent Capital Management and its founder Trevor Vernon with fraud.
The agency alleges Vernon raised more than $14 million from at least 60 investors, sent fake performance reports and used new investor funds to make payments to existing participants in a Ponzi-like scheme.
Throwback
“It’s a few hundred thousand students that were unable or did not want to complete their FAFSA compared to the prior year,” @with_frank CEO Charlie Javice says. “COVID had a huge impact when it came to financial aid. … For this season, I do expect there to be a lot of momentum.”