Defrauding

• FBI arrested eight individuals, including three nurses, a chiropractor, and a psychologist, in a Los Angeles healthcare fraud operation targeting over $50 million from the US system. • Gladwin and Amelou Gill allegedly created a hospice in their daughter's name, swindling over $7 million from taxpayers. • Six defendants face initial appearances in US District Court in downtown Los Angeles, with one in Idaho; the scheme ties to broader hospice fraud concerns in LA.

Alan Hayward James, who called himself ‘Al Capone’, admitted to rigging bids for IT contracts with PentagonA former US air force master sergeant who nicknamed himself “Al Capone” has pleaded guilty to defrauding the military branch out of $37m by inflating the cost of IT contracts – and giving some of the extra money to an individual he called “Godfather”.Alan Hayward James, from Texas, ran a nine-year scam, beginning in April 2016, which also saw him funnel excess funds to himself, his family and his co-conspirators. Continue reading...

Michael Smith, 52, charged after flooding platforms with thousands of AI songs and boosting them with botsSign up for the Breaking News US email to get newsletter alerts in your inboxA North Carolina man has pleaded guilty to defrauding music streaming platforms and his fellow musicians out of millions in royalties by flooding the services with thousands of AI-generated songs – and using automated “bots” to artificially boost the number of listens into the billions.As part of a deal with federal prosecutors in New York’s southern district, 52-year-old Michael Smith pleaded guilty on Friday to conspiracy to commit wire fraud. Continue reading...

• A federal jury ruled Elon Musk liable for defrauding Twitter shareholders by intentionally driving down the stock price to renegotiate or exit the $44 billion takeover deal in 2022. • The verdict was reported by Reuters and Bloomberg News on Friday, with damages to be determined in a later phase of the trial. • This ruling holds significant implications for corporate takeover accountability, potentially affecting future high-profile mergers involving public companies.