Global News

[ad_1] India's Adani Group, run by Asia's richest man, has hit back at a report from U.S.-based short-seller Hindenburg Research, calling it "malicious," "baseless" and full of "selective misinformation." Shares in the conglomerate have suffered massive losses since Hindenburg issued its report alleging fraud and other malfeasance. In trading Monday, the company's Adani Enterprises gained 4.8% but shares in other Adani listed companies fell between 5% and 20%. Adani's 400-page rebuttal issued late Sunday accused Hindenburg of attacking India and its institutions and of breaking securities and foreign exchange laws. Adani has also accused Hindenburg, which said it was betting against the group's companies, of trying to derail a share sale originally expected to bring in about $2.5 billion. "This is not merely an unwarranted attack on any specific company but a calculated attack on In

[ad_1] An Iowa woman who falsely claimed to have cancer and documented her "battle" on social media will stay out of prison after a judge gave her probation and a suspended sentence.  Madison Russo , 20, never hadpancreatic cancer, leukemia nor the football-sized tumor wrapped around her spine she that claimed in postings on TikTok, GoFundMe, Facebook and LinkedIn. But over 400 people sent her donations. As part of the 10-year suspended sentence handed down Friday, she was ordered to pay $39,000 in restitution and a $1,370 fine. If she stays out of trouble for three years of probation, she'll stay free. This photo provided by the Scott County Jail shows Madison Russo.  Scott County Jail via AP The Bettendorf woman pleaded guilty in June to first-degree theft. In court on Friday, Judge John Telleen declined a defense request that would have wiped the

[ad_1] FTX founder Sam Bankman-Fried faced new fraud charges Thursday, as prosecutors accused him of cheating thousands of investors out of billions of dollars while casting himself as a trustworthy "savior of the cryptocurrency industry" — an image boosted by celebrity-studded Super Bowl advertising and big donations to political figures. Four new charges, including securities fraud and conspiracy fraud counts, were unveiled with the unsealing of the refreshed indictment in Manhattan federal court that was returned a day earlier. In a statement, U.S. Attorney Damian Williams hinted, as he has several times previously, that prosecutors were not finished building their case. "We are hard at work and will remain so until justice is done," he said. A spokesperson for Bankman-Fried declined to comment. FTX founder Sam Bankman-Fried pleads not guilty to fraud

[ad_1] Washington — Federal prosecutors unsealed dozens of cases against nearly 80 defendants across the country — including 24 medical providers — alleging they engaged in healthcare and pharmaceutical fraud schemes that led to $2.5 billion in total losses to Medicare, Medicaid and private insurance, the Justice Department said Wednesday. More than $1 billion in alleged fraudulent claims were paid out, investigators said.  The announcement comes after a weeks-long coordinated federal and state law enforcement action that targeted companies, providers and other individuals in the health care industry who allegedly worked to defraud taxpayer-funded programs and target vulnerable populations. In all, investigators said they have so far seized bank accounts, cars, boats and several homes that add up to millions of dollars in value. Prosecutors describe one alleged scheme based partly in New Jersey in which suppliers bought HIV medication from patients on the street, re-labele