#Fraud

12 entries

People (7)

Abbas Gokal Chairman of the Gulf Group shipping empire, BCCI's largest debtor, convicted at the Old Bailey in 1997 of conspiracy to defraud and sentenced to fourteen years.
Charles Keating Phoenix developer whose American Continental Corporation bought Lincoln Savings and Loan in 1984; its failure cost taxpayers billions, and the Senate BCCI inquiry flagged unresolved ties between BCCI figures and his companies.
Michael Mastromarino Former New Jersey oral surgeon whose company, Biomedical Tissue Services, took bone and tissue from more than a thousand corpses without consent and sold it to tissue processors.
Robert Booth Nichols Businessman and self-described intelligence operative who was a principal source for Danny Casolaro, the subject of an FBI organized-crime investigation, and in 2004 the recipient of a ten-million-dollar fee from the Bayou hedge-fund fraud.
Sam Bankman-Fried Sam Bankman-Fried is the founder of the FTX cryptocurrency exchange and the effective-altruism movement's largest benefactor, who directed FTX customer funds into longtermist causes and a 500 million dollar Anthropic investment before FTX collapsed in 2022 and he was convicted of fraud in 2023.
Steven Hoffenberg Founder of Towers Financial Corporation who pleaded guilty in 1995 to a roughly 475 million dollar Ponzi scheme and later claimed Jeffrey Epstein helped architect the fraud, a claim for which Epstein was never charged.
Syed Ziauddin Ali Akbar Head of BCCI's London treasury division, whose September 1993 guilty plea to false accounting was the first criminal conviction arising from the bank's collapse.

Organizations (5)

Alameda Research Sam Bankman-Fried's trading firm, which drew FTX customer deposits through an undisclosed line of credit and put about 500 million dollars into Anthropic, a stake later sold chiefly to a UAE-aligned group.
FTX Cryptocurrency exchange founded by Sam Bankman-Fried in 2019 whose customer deposits, commingled with Alameda Research, funded political gifts and effective-altruism grants before its collapse in November 2022.
Gulf Group Shipping and trading group of the Gokal brothers, based in Geneva and London, which became BCCI's largest borrower; its chairman, Abbas Gokal, was convicted of fraud in London in 1997.
Lincoln Savings and Loan Irvine, California savings and loan bought in 1984 by Charles Keating's American Continental Corporation and seized in April 1989; its failure cost taxpayers more than three billion dollars.
Towers Financial Corporation Manhattan debt-collection firm run by Steven Hoffenberg that collapsed in 1993 as a Ponzi scheme with 475 million dollars in investor losses, and that employed Jeffrey Epstein as a consultant.