JusticeServed

Archegos Capital's CFO Sentenced to Eight Years in Prison for Massive Fraud

2 months ago

In a significant sentencing decision, the former Chief Financial Officer of Archegos Capital Management, William H. Ng, has been sentenced to eight years in prison for his role in a high-stakes fraud scheme that defrauded several major banks. Ng's actions contributed to the spectacular collapse of the hedge fund in March 2021, which resulted in staggering financial losses for major financial institutions.

Massive Fraud Scheme Unraveled: Guilty Pleas in $100 Million New Jersey Deli Case

4 months ago

In a stunning conclusion to a high-profile fraud case, two key players involved in the now-infamous $100 million deli scheme in New Jersey have pled guilty to serious charges. This case has not only captivated public attention but has also raised significant questions about regulatory oversight and the integrity of financial practices in the food industry.

Ozy Media's Carlos Watson Sentenced to Nearly a Decade for Investor Fraud

4 months ago

In a significant legal development, Carlos Watson, the co-founder of Ozy Media, has been sentenced to nearly 10 years in prison for orchestrating a complex fraud scheme that deceived investors and led to substantial financial losses. The sentencing occurred in a Manhattan federal court, where Watson was found guilty of charges including securities fraud and conspiracy to commit wire fraud.

Singapore Oil Tycoon OK Lim Sentenced to 17.5 Years in Prison for Fraud

5 months ago

In a landmark sentencing that has captivated the financial world, OK Lim, a prominent oil tycoon from Singapore, received a prison sentence of 17.5 years on fraud charges. The ruling was delivered in a high-profile case that underscored the lengths to which individuals in the oil and gas sector might go in pursuit of immense profits, ultimately leading to significant legal repercussions.