Embezzlement

Developer Joel Jordan has dropped Time Bandit – Part 1: Appendages of the Machine on Steam and itch.io today. You might remember it from my blockbuster article, “Here are eleven 2022 indie games to look forward to.” It’s now the middle of (checks watch) 2023, and it has finally arrived. Time Bandit is the story of having a crappy job and working for the man. In this case, however, the man is exploiting workers and using them to gather time crystals for potentially nefarious purposes.…

Los Angeles City Councilmember Curren Price was charged with 10 counts of embezzlement, perjury and conflict of interest on Tuesday, becoming the latest in a years-long parade of elected city officials to face public corruption allegations from state or federal prosecutors.Price, a 10-year veteran of the City Council, was charged with five counts of grand theft by embezzlement, three counts of perjury and two counts of conflict of interest, according to a spokesperson for the L.A. County district attorney’s office.The…

Auditor Deloitte has flagged inappropriately approved vendors and excess payments at BharatPe, where its former MD and co-founder Ashneer Grover has been accused of cheating and embezzlement of funds.In its latest annual report, BharatPe presented opinion of its statutory auditor that said the company's internal control system for vendor selection as well as for approval of invoices for purchase of goods and services were not operating effectively, resulting in procurements at inappropriately approved prices.After…

PUBG parent Tencent fires over 100 employees for bribery, embezzlement amid regulatory crackdownChinese tech giant Tencent has recently announced that it had fired over a hundred employees for violating company policies, some of whom have been referred to police and later found guilty of bribery and embezzlement. This Hong Kong-listed company is the world's top video game maker and the owner of the popular super-app WeChat, but it has been struggling under a broad regulatory crackdown on China's tech sector initiated in…

Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company policies, with some referred to police and later found guilty of bribery and embezzlement.The Hong Kong-listed company is the world's top video game maker and the owner of popular super-app WeChat but has struggled under a broad regulatory crackdown on China's tech sector initiated in late 2020.In a statement, the firm -- which in November posted its second consecutive quarterly decline in revenue -- said it had found…

Sam Bankman-Fried’s Written Testimony Notes Dec 12, 2022, is part of HackerNoon’s Legal PDF Series. SBF was scheduled to testify before Congress a day before his arrest on Dec 12, 2022 in the Bahamas. So, these are the notes that he would have presented in front of Congress that we never actually got to hear. You can jump to any part here. This is part 11 of 11. Feature Image: HackerNoon’s Midjourney AI, Prompt “deer in headlight, who me?” During this process, many people have made accusations against me. Some of…

FTX founder Sam Bankman-Fried diverted customer funds from the start of his cryptocurrency exchange to support his hedge fund, Alameda Research, and to make venture investments, real-estate purchases and political donations, the Securities and Exchange Commission alleged in a lawsuit filed Tuesday.The SEC said those moves were concealed from Silicon Valley investors who poured $1.8 billion into FTX. U.S. investors contributed $1.1 billion of that total. Mr. Bankman-Fried also failed to…

Michael Avenatti, the once-swaggering celebrity lawyer who was undone by his proclivity for embezzlement and fraud, was sentenced Monday to 14 years in prison for dodging taxes and stealing millions of dollars from clients. His sentencing by U.S. District Judge James V. Selna in Santa Ana concludes the last of three federal prosecutions of the former attorney, who gained notoriety for representing adult film star Stormy Daniels in her legal battles against former President Trump.Selna said Avenatti had accomplished…

One FTX executive vomited when he learned that the crypto exchange was missing billions of dollars of customer money. A company lawyer quit via a harsh text message to then-Chief Executive Sam Bankman-Fried. A top salesman who had bet big on FTX equity saw most of his wealth evaporate overnight.What started as a dream job turned into a nightmare for employees of FTX, the crypto exchange that imploded in spectacular fashion last week. The Wall Street Journal spoke to more than a dozen current…

Brett Favre’s satellite-radio show on Sirius XM Holdings Inc. SIRI 1.81% is on hold, the broadcasting company said. A SiriusXM spokesman said Monday the show, “The SiriusXM Blitz with Brett Favre and Bruce Murray, ” was on hold, but declined to comment further. The move comes amid a lawsuit in Mississippi over the alleged misuse of federal welfare aid meant for…