With shares up by almost 700% over the last five years, Palantir Technologies (NASDAQ: PLTR) has been one of the biggest winners on the software side of the generative artificial intelligence (AI) megatrend. It has rapidly incorporated the new technology into its business model, leading to skyrocketing revenue and earnings.
That said, Palantir's stock rally has slowed over the last 12 months, leaving investors wondering whether it can return to the explosive growth it enjoyed in previous years. Let's dig into the pros and cons of the stock to decide what it might be worth by the end of 2027.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Right now, AI-hungry investors are mostly limited to the infrastructure side of the opportunity. This is where hardware companies like Nvidia and Micron build the chips that data center providers use to run and train large language models (LLMs). However, many leading consumer-facing AI software leaders are still privately held, putting them out of reach.
Palantir convincingly bucks the trend. Its business involves sifting through vast amounts of its clients' internal data to help them identify actionable insights like business trends, opportunities, and fraud. Generative AI proved highly synergistic with these tools, enabling operators to access insights via natural language prompts rather than advanced interfaces. Demand has been explosive.

#NVIDIA #generative

Savannah Chrisley and her new beau, Jason Galanis, are already married, despite only announcing their engagement publicly earlier this week.
According to marriage records obtained by People, the 29-year-old reality star and the 56-year-old businessman tied the knot on Tuesday, July 14, at Cayman Islands Baptist Church. The marriage followed a year of dating and came just two days before Galanis' 56th birthday.
Earlier this week, Savannah announced she was pregnant and engaged, though she did not reveal she and Galanis were already married. On her Unlocked podcast, she shared how Galanis proposed with a massive oval-cut diamond ring while they vacationed in the Cayman Islands.
The Chrisley Knows Best alum did not reveal Galanis' name in her pregnancy announcement, referring to him as "J" in social media posts and as "Jason" on her podcast. However, Us Weekly later confirmed the mystery man as convicted fraudster Jason Galanis.
In 2020, Galanis was sentenced to more than 15 years in prison for his part in "two multimillion-dollar fraud schemes," according to the US Attorney's Office for the Southern District of New York. In one of the schemes, Galanis was accused of defrauding investors, including the Oglala Sioux Native American tribe, out of tens of millions of dollars.

#earlier

The $200 million in payments dwarfs previous amounts disclosed in the case.
The former CIA officer arrested after authorities discovered roughly $40 million worth of gold bars in his Virginia home pleaded guilty in federal court on Tuesday to a single count of wire fraud, admitting he defrauded the U.S. government out of nearly $200 million for his personal benefit.
David Rush was previously described by prosecutors as a "master manipulator" who used his clandestine position to amass millions worth of gold bars and luxury watches -. though the government revealed in Tuesday's hearing the extent of his alleged deception far exceeded what was previously known to the public.
The nearly $200 million in payments to Rush, which dwarfs previous amounts disclosed as part of his case, will likely only further draw public and congressional scrutiny to the intelligence community to provide more transparency regarding its methods in doling out taxpayer dollars to agents and the oversight that follows such exchanges.
The case has drawn widespread intrigue and raised major questions regarding the intelligence community's management in overseeing the secretive systems that grant officials like Rush the ability to amass high-value ****** ets tied to their work.

#million #payments #dwarfs

Analicia "Ana Montana" Chaves, the model who is partner to NBA star LaMelo Ball and the mother of his son LaOne, has been arrested for an alleged scheme to get a phony prescription for alprazolam, the generic form of Xanax.
Chaves was taken into custody in Mecklenburg County, North Carolina on Monday (Sept. 28) and released that same day on a $10,000 bond. She faces two felony counts of obtaining a controlled substance by fraud or forgery, and two misdemeanor counts of simple possession of a Schedule IV controlled substance.
via Mecklenburg County Sheriff's Office
Chaves, 36, is accused of going to a Walgreens this past February to fill a prescription "that was prescribed by doctor whose DEA registration and NPI number had been stolen/fraudulently obtained," per court records seen by Complex. A warrant for her arrest was issued on Sept. 22, almost a week before she was taken into custody.
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#complex

Rebel Wilson is facing a new sanctions motion in her Los Angeles defamation battle with three producers of The Deb.
Amanda Ghost, Gregor Cameron and Vince Holden accuse Wilson of giving false sworn testimony, withholding documents and mishandling evidence during pretrial discovery. Their lawyers characterize the alleged conduct as a "fraud on the court" and are asking Judge Thomas Long to impose penalties.
Wilson's attorney, Allyson Katherine Thompson, disputes the accusations. She told MyNewsLA that the motion is another attempt to malign Wilson and described it as "gamesmanship" in a heavily contested case.
The sanctions motion is scheduled for an Oct. 22 hearing. The producers' underlying defamation case against Wilson is currently scheduled for trial in Los Angeles in January 2027.
One of the examples in the motion concerns a demand letter tied to the dispute.

#amanda

One of the top companies I'm keeping my eye on right now happens to be among the leading quantum computing companies in North America, and globally.
Shares of Infleqtion (INFQ) have been on a roller coaster ride lately, partly due to the volatility we've seen across this sector.
Here's Another Little-Known Firm Jensen Huang's Nvidia Is Quietly Backing
MediaTek Is Stepping Up Competition Against Qualcomm With a New 2-Nanometer Chip. What This Means for QCOM Stock.
'Even Though It's Bad for Berkshire' Billionaire Charlie Munger Said to Skip Insurance Because 'You're Paying for the Other Fellow's Frauds'

#shares #infleqtion #known #firm

FleetCor and CEO Ronald Clarke agreed to a $100 million payment resolving Federal Trade Commission litigation. The settlement follows years of court action over hidden charges involving commercial fuel cards. Harm reached tens of thousands among small-business customers seeking lower operating costs. Regulators say promised savings disappeared beneath undisclosed billing practices.
Federal regulators accused FleetCor, which now operates as Corpay, of imposing unauthorized fees totaling hundreds of millions. Investigators found improper late penalties despite timely remittance or company barriers that prevented payment. Officials cited misleading claims about gas savings, fraud controls, plus card-related expenses. Those practices harmed operators across the United States, according to a 2019 complaint.
Regulators found FleetCor often waited several billing cycles before adding many charges. Delayed timing made extra costs harder for customers to notice. Invoices omitted fee disclosures, pushing account holders toward separate management reports. Even those documents obscured some amounts among unrelated details or excluded them entirely.
"FleetCor deceived its small business customers by promising fuel savings that never materialized," Christopher Mufarrige said. He directs FTC's Bureau of Consumer Protection. Agency officials also criticized hidden and unauthorized charges. Settlement terms channel restitution toward harmed account holders.
In 2023, one federal district court granted summary judgment to the FTC on every count. Its ruling found hidden charges and false representations involving savings, fees, plus fraud-control features. Permanent injunction terms barred FleetCor from billing without informed consent alongside clear disclosures. That order also prohibited deceptive fuel-card claims or hiding material information behind hyperlinks.

#fleetcor #savings

Meta refused to remove a deepfake ad cloning Clark Howard's face to sell fraudulent insurance, telling him it meets their standards.
Meta earns nearly all of its $59 billion quarterly revenue from ads, giving automated systems little incentive to reject borderline content.
Credit cards are the only payment method offering strong fraud recovery; wire transfers, gift cards, and peer-to-peer payments are virtually unrecoverable.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
On his September 16 podcast, consumer advocate Clark Howard said an AI-generated Facebook ad cloning his face and voice is selling a fraudulent insurance product, and that the platform refuses to take it down.

#clark #face #fraudulent #insurance

The financial unraveling of Jon Venetos' Lurin Capital is now the subject of a Federal Bureau of Investigation probe.
An email sent to an investor from the FBI's Dallas Division shared with The Real Deal revealed that the agency has opened an investigation into Venetos, Lurin Capital and **** ociated entities. The note provided an email address through which victims can provide comments and ask questions: LurinVictimsfbi.gov.
The Real Deal also obtained a public link to an FBI form **** led "Lurin Investigation Questionnaire" seeking information from "possible victim" investors. The form asks for details about investors' contributions and any distributions received.
The company's downfall has been punctuated by claims of fraudulent dealings from lenders and former Lurin employees. Keybank accused Venetos of transferring $25,000 from his accounts with the bank to a personal account. Vista Bank accused him of falsifying account statements from the lender in an attempt to take out loans elsewhere.
In addition, a former employee who worked in property management and asked to remain anonymous claimed Lurin lied on reimbursement requests to lenders by inflating costs of repairs and submitting invoices for work that wasn't done.

#email

Freight fraud risks and carrier vetting are the focus as Highway Chief Commercial Officer Michael Caney joins FreightWaves Today. He breaks down what brokers, carriers and shippers need to watch right now when onboarding and monitoring capacity.If you work fraud prevention, carrier compliance or network procurement, this conversation gets straight to the operational takeaway without the fluff.#FreightFraud #CarrierVetting #SupplyChain
Carrier-vetting platform Highway is putting its balance sheet behind its fraud-detection product: if a broker moves freight using Highway's guarantee standard and loses a load, Highway writes a check for $100,000. The company's chief commercial officer said the program covers the vast majority of carrier capacity in North America — and has paid out only once across roughly one million loads.
Of the approximately 175,000 carriers that move freight for freight brokers, Highway says more than 82% qualify for the guarantee tier. "What I would tell you is the industry keeps trying to solve for the bottom 18% of the market," the CCO said. "And what we're saying is if you will just move your freight to this cohort of carriers, which is the majority of capacity in North America, not only will you be fine, but Highway will stand behind it with a performance guarantee."
"The average cargo theft is not the $100,000, it's $250,000. This idea that a motor carrier can just show up and say, hey man, I'm gonna need this cargo, it's $250 grand, I'm good for it, is bananas."
The single payout to date stemmed from an identity-design flaw tied to California's non-domiciled limited-term licensing rules. A fraudulent carrier obtained a new license through California's process, resubmitted in Highway's system, and the alert dropped off before the bug was caught and fixed — costing Highway $100,000. The CCO described theft events as a "Swiss cheese" of compounding decisions rather than a single failure point, and said Highway continuously monitors for ownership changes, inbox compromises, and cyber anomalies within the guarantee framework.

#carriers #capacity #America

Two former Robinhood engineers allegedly used confidential information about upcoming cryptocurrency listings to make profitable trades on decentralized exchange Hyperliquid, federal prosecutors said Tuesday.
Hefu Chai, 36, and Huaisong "Jerry" Xiang, 30, each face one count of commodities fraud and one count of wire fraud.
"Today's charges make clear that corporate insiders cannot evade the securities and commodities laws by trading based on misappropriated information in derivatives like perpetual futures, tokenized securities, or other similar financial instruments," U.S. Attorney Jamie McDonald said in a statement.
Perpetual futures, or "perps," let traders speculate on an **** et's price—often with leverage—without owning it. Unlike conventional futures, the derivatives do not expire. Hyperliquid is one of the largest decentralized platforms for trading perps and has faced increased regulatory scrutiny.
According to the DOJ, the engineers allegedly used nonpublic information about upcoming Robinhood Crypto token listings to buy related perpetual futures before the announcements, earning profits "for their own benefit" between 2025 and 2026. Each defendant earned more than $50,000 from the alleged scheme, the Justice Department said.

#futures #engineers

Two former Robinhood engineers were charged with fraud on Tuesday in a Hyperliquid insider trading case, accused of buying futures contracts before their employer announced new token listings.
Hefu Chai, 36, and Huaisong Xiang, 30, each face one count of violating the Commodity Exchange Act and one count of wire fraud. Prosecutors say the pair made more than $50,000 apiece.
"Robinhood takes market integrity seriously and has zero tolerance for insider trading. We have robust insider trading policies and procedures in place, including for new crypto listings. We immediately investigated and reported this matter to law enforcement and regulators, and will continue to cooperate with the investigations," a Robinhood spokesperson told BeInCrypto.
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Hyperliquid runs a decentralized exchange built around perpetual futures. These are leveraged bets on a token's price that never expire, so a trader can hold the position indefinitely.

#robinhood #exchange #tuesday

MiKargo247 is expanding its spot cargo insurance coverage to include strategic cargo theft under a new partnership with Verified Carrier.
The coverage is designed to address a growing category of freight fraud involving double brokering, carrier identity theft and fictitious pickups. Under the partnership, brokers using Verified Carrier can purchase MiKargo247 spot cargo insurance and have the strategic theft exclusion removed when the load is hauled by an eligible verified carrier. The companies announced the partnership Sept. 1.
Strategic cargo theft accounted for about 30% of reported U.S. cargo theft incidents in 2025, according to a June report from Munich Re Specialty and BSI Consulting. The report found that criminals are increasingly using deception, impersonation and other fraud-based methods to obtain freight rather than relying solely on physically stealing cargo from trucks or facilities.
The shift creates a challenge for brokers and insurers because fraudulent actors can make it difficult to determine who is actually hauling a load.
The FBI warned in April that cyber-enabled strategic cargo theft is increasing, with criminals using compromised accounts, fictitious companies and double-brokering schemes to divert legitimate freight. The agency recommended that transportation companies independently verify shipment requests and pickups before releasing loads.

#carrier #partnership #Companies

Equifax Inc. (EFX) is a global data, **** ytics, and technology company headquartered in Atlanta, Georgia. It operates as one of the "Big Three" credit bureaus, providing consumer and commercial credit reporting, identity and fraud solutions, and decisioning **** ytics to financial institutions, employers, governments, and other enterprises worldwide. The company has a market capitalization of $20.24 billion, which makes it a "big cap" stock.
The stock reached a 52-week low of $150.74 on June 22, but is up 14.3% from that level. Renewed confidence in Equifax's growth initiatives has sent the stock up 5.2% over the past three months. The broader Dow Jones Industrial Average ($DOWI) is up 2.4% over the same period. Therefore, the stock has outperformed the wider index over this period.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
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#analytics #credit #period #equifax

Equifax Inc. (EFX) is a global data, **** ytics, and technology company headquartered in Atlanta, Georgia. It operates as one of the "Big Three" credit bureaus, providing consumer and commercial credit reporting, identity and fraud solutions, and decisioning **** ytics to financial institutions, employers, governments, and other enterprises worldwide. The company has a market capitalization of $20.24 billion, which makes it a "big cap" stock.
The stock reached a 52-week low of $150.74 on June 22, but is up 14.3% from that level. Renewed confidence in Equifax's growth initiatives has sent the stock up 5.2% over the past three months. The broader Dow Jones Industrial Average ($DOWI) is up 2.4% over the same period. Therefore, the stock has outperformed the wider index over this period.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.

#credit #period #georgia

The Justice Department has charged dozens of people for suspected fraud related to the COVID-19 pandemic that resulted in hundreds of millions of dollars in losses, U.S. Attorney General Todd Blanche said Tuesday.
Speaking with reporters in the White House Rose Garden, Blanche said that between mid-June and September, federal prosecutors from across the country helped facilitate the arrests of 160 criminal defendants, including around 80 who were newly charged over suspected COVID fraud in Missouri and neighboring states.
The suspected crimes involved more than $245 million in losses, Blanche said.
White House Launches Interactive Map Tracking Billions In Suspected Fraud
Attorney General Todd Blanche has announced charges against dozens of people connected to suspected COVID-19 relief fraud.

#white #House

White House border czar Tom Homan confirmed on "The Sunday Briefing" that the Department of Homeland Security is looking into allegations involving Rep. Ilhan Omar, D-Minn., but would not disclose details about what he described as an "ongoing criminal investigation."
Pressed on whether the federal government has evidence that Omar committed immigration or naturalization fraud, Homan declined to comment.
U.S. Rep. Ilhan Omar, D-Minn., poses for a portrait in her office on Capitol Hill Dec. 10, 2025.
"I know things are going on, but I can't give specifics of what's happening," Homan said.
"If someone committed an immigration violation, if someone committed marriage fraud or anything like that, regardless if they're a congressman or not, no one's above the law. So, I'll leave it at that. We'll let HSI, Homeland Security Investigations, continue the investigation."

#homan #homeland #ilhan #investigation

Nathan Fielder's upcoming documentary on Theranos founder Elizabeth Holmes has caused some strong reactions online, and now it's become one of the biggest meme formats of the year.
The memes are all about the people in our lives who swear they're not deceiving us when we know deep down that they are, and some of them hit a little too close to home.
So, what is the Elizabeth Holmes and Nathan Fielder "Why Would I Deceive You?" meme, and what is the context behind it? Here's what you need to know.
The teaser trailer for Nathan Fielder's documentary You Can See Everything was released on September 6th, 2026, and the documentary follows disgraced former Theranos CEO Elizabeth Holmes days before her arrest for fraud related to the company.
For those who don't know, Theranos claimed to have revolutionary blood-testing technology that, after investigations, did not do what it was advertised to do. In the years following the fraud exposure, the company was ultimately dissolved, and Holmes was convicted of defrauding investors.

#company

Kansas City, Missouri — Vice President JD Vance announced Monday the Trump administration will suspend roughly 870,000 people suspected of defrauding pandemic-era small business programs from receiving future federal loans.
The vice president contended that borrowers who stole taxpayer money should no longer be eligible to receive loans from government-backed programs.
"If you screwed the American taxpayer, the federal government is now going to say you're cut off, no more," Vance told reporters. "You shouldn't be applying anymore, and if you do apply, you're no longer able to get those benefits."
His remarks came as the Justice Department announced a slew of cases in a nationwide crackdown on fraud involving the COVID-19-era Paycheck Protection Program.
The department's enforcement push, which ran from June 12 through Sept. 1 and was dubbed "Heartland fraud surge," resulted in actions involving more than 160 defendants and approximately $245 million in intended losses to taxpayers. The operation was put into action more than five years after the government pushed emergency loans to businesses nationwide that were struggling as a result of the coronavirus pandemic.

#president #pandemic #federal

Steve McBee Sr. has resurfaced on social media following an apparent early prison release
The McBee Dynasty: Real American Cowboys star shared footage to Instagram after serving 9 months of an initial 24-month prison sentence over his crop insurance fraud case
"A little more appreciation for the simple things in life," he captioned a video
Steve McBee Sr. has been released from prison.
The McBee Dynasty star, 53, has reunited with family after serving nine months of an initial 24-month sentence in his multimillion-dollar crop insurance fraud case. McBee Sr. has since posted to his Instagram page and Bravo has also shared the news.

#dynasty #star #shared

After spending the morning at the Pentagon to mark the 25th anniversary of the September 11th tragedy, President Donald Trump apparently had another attack on his mind in the afternoon — posting the 5-year-old video of him telling January 6, 2021, rioters to go home after they violently stormed the Capitol building.
The video, which was posted in full on Trump's Truth Social account Friday without any further context, shows the president repeating his false claim that he won the 2020 election but telling rioters to go home: "We have to have peace. So go home, we love you, you're very special."
A White House spokesperson said Trump reposted the video Friday as "a reminder to everyone that what the Democrats did to weaponize the justice system against President Trump has been debunked thoroughly."
It's unclear what cases they were referencing — the criminal case against Trump concerning the Capitol attack was dismissed due to his win in the 2024 election.
Trump has been repeatedly emphasizing voter fraud in recent months, increasingly and without evidence accusing Democrats of cheating in elections. At the GOP midterm convention this week, he implored the audience to "cheat like ****** " to help Republicans keep control of Congress.

#president #home #democrats #telling

SAO PAULO (AP) — Brazilian presidential candidate Sen. Flávio Bolsonaro is under investigation for corruption, money laundering and tax evasion for receiving millions of dollars from a disgraced banker to finance a movie about his father, former President Jair Bolsonaro.
Brazil's top court unsealed several documents late Thursday that show Sen. Bolsonaro, President Luiz Inácio Lula da Silva's primary opponent, is under investigation for receiving 61 million reais ($12 million) from a banker at the center of a corruption scandal to produce an unreleased movie ******* led "The Dark Horse."
The investigation, which centers on whether the Bolsonaro family misused the funds and whether the payments were properly reported to Brazilian authorities, threatens to undermine Sen. Bolsonaro's bid for the presidency. The first round of elections is slated for Oct. 4, and the senator is locked in a tight race with Lula.
The banker, Daniel Vorcaro, who was arrested in March, is accused of defrauding many of Banco Master's 800,000 clients, including several state government pension funds, out of hundreds of millions of dollars by convincing them to make questionable investments. The scandal has engulfed several high-ranking officials in Brazil.
The allegations first became public in May. Sen. Bolsonaro has denied any wrongdoing and said Friday during a campaign event in the Amazonian city of Manaus that he was seeking private investment for the movie.

#bolsonaro #brazilian #president #receiving

On Sep. 8, a federal jury in Alexandria, Virginia, convicted Jihoon Park for his role in an investment fraud scheme and defrauding a bankruptcy court.
Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money with a promise of high returns, as per court documents and evidence presented at trial.
Related: San Francisco billionaire slammed by Gen Z son over surveillance support
But he transferred over $2.5 million from the unsuspecting community members to himself to buy a house and cryptocurrency.
As a fraud victim sued Park, he transferred **** ets to his wife and hid crypto **** ets worth millions of dollars before filing for bankruptcy.

#park

Rep. Ilhan Omar, D-Minn., gave the cold shoulder when asked to weigh in on her son's home being raided by police after his convicted felon roommate was arrested.
Minneapolis police officers found while carrying out a search warrant on August 25 multiple weapons and ammunition in the shared home of Omar's son, Adnan Hirsi, 20, and his roommate Abdulrahman Abdi, 22. The warrant was obtained after Abdi was pulled over in a routine traffic stop and was found to have no driver's license or proof of insurance.
Abdi was released and the car was impounded, but a firearm was later found. As a convicted felon, it is illegal for Abdi to possess a firearm, so the property that he shares with Abdi was raided.
Caught On Camera: Squad Dem Squirms When Pressed On Vance Doj Fraud Probe
Rep. Ilhan Omar, D-Minn., is seeking another term in Minnesota's heavily Democratic 5th Congressional District.

#found

By Aditya Kalra
NEW DELHI, Sept 9 (Reuters) - India's Serious Fraud Office has recommended Xiaomi be investigated for alleged irregularities in its business model and compliance with foreign investment law, potentially intensifying scrutiny of the smartphone maker, a government document shows.
China's Xiaomi was once India's top-selling smartphone brand but has seen its market share dwindle amid intense competition from Apple ‌and Samsung. It is also battling several tax demands and royalty payment disputes.
The recommendation from India's Serious Fraud Investigation Office (SFIO) said the investigation should examine movement of funds and whether Xiaomi sought ‌mandatory investment approvals as required after India tightened scrutiny of Chinese investments following deadly border clashes between the two nations in 2020.
A person familiar with the matter said the government is examining the memorandum, which was drafted in May and reviewed by Reuters.

#serious #fraud #investigation #investment

It started with yelling about toilets. Steve Ballmer was so serious about turning the Los Angeles Clippers into a serious franchise for the first time in their existence that he wanted to make sure no fan ever waited in a long line to use the bathroom when the team opened its new arena. Ballmer's drive to win eventually led the Clippers to courting Kawhi Leonard in free agency, fresh off leading the Toronto Raptors to a 2019 NBA championship. Leonard wanted to live in Los Angeles, yes, but he also wanted Paul George as his running mate, so the Clippers shipped out a boatload of draft picks and future two-time MVP Shai Gilgeous-Alexander to get him.
Leonard's people also made it known that their client wanted the type of big endorsement deals his off-putting, robotic personality couldn't land legitimately. Leonard's now infamous Uncle Dennis Robertson never tried to be subtle about his desire to secure similar off-court bags to the ones Kawhi's contemporaries like LeBron James, Steph Curry, and Kevin Durant were landing on their own accord, and leaks of his demands circulated as soon as Leonard hit free agency.
The Clippers became so entangled in pleasing Leonard that it led to blatant salary cap circumvention, first reported by investigative journalist Pablo Torre. The NBA found enough evidence supporting Torre's claims that it hammered the Clippers with the most severe penalty in league history, stripping five future first-round draft picks, suspending executives including Ballmer, and more. That figured to be the end of the story, with the Clippers spending the next decade trying to climb out of the abyss. Torre continued to hint that there was another shoe to drop, and now that it's here, the Clippers might be in much bigger trouble than anyone first believed.
The Department of Justice has opened a criminal investigation into the Clippers, according to the New York Times, and it's already issued one subpoena. While the scope of the investigation is unclear for now, the fact that the feds are watching the Clippers for under-the-table dealings potentially makes this a much bigger deal than simply breaking NBA rules.
How does breaking NBA rules amount to a federal crime by the Clippers? While there's a lot left to come out, the main idea is that the Clippers committed some level of fraud. Daktronics was a publicly traded company, the only one of the four tied up in the Leonard scandal to fit that description, while Aspiration, Lockton Insurance, and Boingo Wireless were not. Publicly traded companies have a fiduciary duty to their shareholders to disclose big investments, and it sure feels like that never happened when dealing with Leonard.

#ballmer

On Sep. 8, a federal jury in Alexandria, Virginia, convicted Jihoon Park for his role in an investment fraud scheme and defrauding a bankruptcy court.
Park used his personal relationships and his previous affiliation with a large financial institution to convince members of his community to let him invest their life savings and retirement money with a promise of high returns, as per court documents and evidence presented at trial.
Related: San Francisco billionaire slammed by Gen Z son over surveillance support
But he transferred over $2.5 million from the unsuspecting community members to himself to buy a house and cryptocurrency.
As a fraud victim sued Park, he transferred **** ets to his wife and hid crypto **** ets worth millions of dollars before filing for bankruptcy.

#fraud #members #community #transferred

Lindsey Brooke Isaacs was asleep at home when police arrived and told the 23-year-old that her car had been involved in a crash that killed three people. She knew they had the wrong person. Her black Dodge Durango showed no obvious collision damage, and she had a receipt showing where she had been.
Still, the investigation eventually led to her being arrested and 13 days in jail. "My heart was in my stomach," Lindsey told me on The CyberGuy Report Podcast at Cyberguy.com/podcast/. "I didn't know what was going on."
Months later, prosecutors dropped all eight felony charges against her and investigators arrested another woman in connection with the crash. Her case now raises a bigger question about how much weight investigators should give license plate camera data when a person's freedom is on the line.
Missed CyberGuy LIVE? Watch the Protect Your Money replay
Our free CyberGuy LIVE class, Protect Your Money From Today's Biggest Threats, has ended, but you can still watch the full replay and download our financial protection checklist. Kurt "CyberGuy" Knutsson walks you through five simple ways to help defend yourself against AI scams, fraud, identity theft and financial hacks. You'll learn how to set up bank alerts, strengthen your account logins, protect your phone number, freeze your credit and help secure your retirement savings against unauthorized transfers. No technical experience is needed.

#told

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter.
Humboldt Merchant Services, an independent sales organization that focuses on payment processing for gambling and adult entertainment, agreed Tuesday to pay $12 million to settle a Federal Trade Commission lawsuit alleging it handled payments for "sham merchant accounts."
Humboldt "processed payments for more than 1,000 merchants that were shell entities that served as fronts or pass-throughs for fraudulent companies engaged in unauthorized billing scams," the Federal Trade Commission said in a Tuesday press release announcing its lawsuit and concurrent settlement agreement.
Humboldt is the business name of 5967 Ventures, a company based in Tempe, Arizona, with an affiliated office in Troy, Michigan, according to the FTC's lawsuit, which was filed Tuesday against 5967 Ventures in the U.S. District Court of Eastern Michigan. The agency filed the settlement agreement at the same time for court approval.
In a statement Tuesday, Humboldt said the agreement "formalizes many processes and controls already put into place," and will close the matter "with no admissions of wrongdoing."

#humboldt #payments

A California high school football team is out more than $400,000 after its former treasurer allegedly embezzled the money from the program, according to a press release from the Central District of California U.S. Attorney's Office.
Julie Hanway Molina, 56, was arrested Thursday, Sept. 10, at her home in Aliso Viejo, Calif., and is expected to make an initial appearance in U.S. District Court in Santa Ana, where she faces four counts of wire fraud.
Molina served as treasurer of a nonprofit organization supporting the Aliso Niguel High School football team, where she allegedly carried out a scheme to defraud the nonprofit between 2023 and November 2025 by diverting money from its bank account for personal expenses.
Prosecutors allege Molina misappropriated a total of $411,761, using some of the money to pay her delinquent home mortgage and credit card bills, according to the release.
The allegations detail that Molina wired approximately $131,523 from the organization's bank account in Laguna Hills through Federal Reserve facilities in New Jersey and Texas to an account in Santa Ana.

#california #santa #Football