#Fraud
4 entries tagged Fraud.
People (3)
- Abbas Gokal Abbas Gokal was the senior partner of the Gulf Shipping Group, which became BCCI's largest single debtor at $831 million through fictitious trade transactions and circular credit, before fleeing Germany after BCCI's 1991 collapse and being convicted of fraud in German courts.
- 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.
Organizations (1)
- Towers Financial Corporation Manhattan debt-collection and securities firm run by Steven Hoffenberg that collapsed in 1993 and was prosecuted as a roughly 475 million dollar Ponzi scheme, with Jeffrey Epstein documented as a consultant.