Topic
Fraud
48 assessed claims about fraud involving 28 organizations. The labels compare each claim with the record. They do not rate the organizations.
- Supported27
- Partly supported4
- Contradicted4
- Outdated4
- Unresolved7
- Unverifiable1
- Opinion1
- Unresolved58Munich prosecutors accuse the former Wirecard chief executive of fraud that caused about EUR 3 billion in damage, charges he denies.
- Opinion52A Huawei spokesperson said in September 2026 that the company's success came from long-term investment in innovation backed by the utmost respect for intellectual property.
- Supported93FTX's founder was convicted of fraud and conspiracy charges and sentenced to 25 years in prison, and the conviction was upheld on appeal in June 2026.
- Supported97The US Department of Justice said Do Kwon pleaded guilty to fraud and was sentenced on 11 December 2025 to 15 years in prison with forfeiture of more than US$19 million.
- Supported67An AFP report said a German court in Braunschweig convicted four former Volkswagen managers over the diesel emissions scandal on 26 May 2025.
- Supported93The US Department of Justice said Celsius founder Alexander Mashinsky pleaded guilty to commodities fraud and securities fraud and was sentenced to 12 years in prison in May 2025.
- Supported81Courthouse News reported in May 2025 that the Ninth Circuit denied the former Theranos chief executive's request for en banc rehearing after upholding her conviction in February.
- Supported93The Justice Department announced in January 2025 that Hino agreed to plead guilty and pay over US$1.6 billion to resolve an emissions fraud scheme.
- Outdated92At Do Kwon's extradition in January 2025 the Department of Justice said he faced a nine count indictment carrying a maximum sentence of 130 years in prison.
- Supported90The US Attorney for the Southern District of New York said that Archegos founder Bill Hwang was convicted in July 2024 and sentenced to 18 years in prison with more than US$9 billion in restitution.
- Outdated75News reports in November 2024 said Bill Hwang was sent to prison for 18 years for the Archegos fraud.
- Supported81Credit Suisse settled the Republic of Mozambique's London claim over the loans on the eve of trial.
- Unresolved65Boeing said in May 2024 that it believed it had honored the terms of its 2021 deferred prosecution agreement, after the Justice Department told the court Boeing had breached it.
- Supported94The US Securities and Exchange Commission said that on 5 April 2024 a New York jury found Terraform Labs and Do Kwon liable for defrauding investors in crypto asset securities.
- Contradicted96Before its collapse, FTX's founder told customers, investors and the public that FTX customer deposits were kept safe, held in custody and kept separate from company assets, according to DOJ.
- Unverifiable44A March 2024 CNN headline asked whether Evergrande's case was the biggest fraud in Chinese history, and the article called it the country's biggest ever financial fraud case.
- Contradicted92In October 2023 Terraform Labs and Do Kwon told the court that the SEC had not proven the defendants did anything wrong.
- Supported95The English Commercial Court set aside P&ID's arbitral awards against Nigeria on 23 October 2023, holding they were obtained by fraud.
- Supported89The Commercial Court found in October 2023 that P&ID's side gave knowingly false evidence in the arbitration, kept paying bribes during it and improperly retained Nigeria's internal legal documents.
- Supported96A September 2023 US Department of Justice statement said OneCoin co-founder Karl Sebastian Greenwood was sentenced to 20 years in prison and ordered to pay about US$300 million for his part in the OneCoin scheme.
- Supported98The US Department of Justice said on 13 December 2022 that Danske Bank pleaded guilty to conspiracy to commit bank fraud and agreed to forfeit US$2.059 billion.
- Supported88The US Securities and Exchange Commission said that former Abraaj managing partner Sivendran Vettivetpillai pleaded guilty to federal criminal charges and settled SEC charges over the Abraaj conduct.
- Supported88The US Department of Justice said in October 2021 that Credit Suisse entities resolved the Mozambique loan case with more than US$547 million in penalties, fines and disgorgement, including a guilty plea by its UK unit.
- Supported90The US Justice Department said in January 2021 that two Boeing 737 MAX Flight Technical Pilots deceived the FAA Aircraft Evaluation Group about MCAS.
- Supported87The US Justice Department said Purdue Pharma pleaded guilty in November 2020 to three federal felonies tied to its opioid marketing.
- Contradicted83Nikola said in September 2020 that the allegations in the Hindenburg report were false and misleading.
- Partly supported69EY said in June 2020 that there were clear indications of an elaborate and sophisticated fraud at Wirecard aimed at deliberate deception, presenting itself as deceived.Ernst & Young GmbH WirtschaftsprüfungsgesellschaftCompany statement, 25 June 20202 records citedFraud
- Unresolved73US prosecutors allege that Huawei committed bank fraud and sanctions violations tied to Iran and took part in a racketeering conspiracy that included theft of trade secrets.
- Supported80A Brooklyn federal jury acquitted Privinvest's lead salesman Jean Boustani on all counts in December 2019.
- Supported65Nigeria's EFCC said on 19 September 2019 that the Federal High Court in Abuja convicted two P&ID directors on eleven counts and ordered P&ID wound up in Nigeria with its assets forfeited.Process and Industrial Developments LimitedRegulator statement, 19 September 20191 record citedFraud
- Unresolved76The US Securities and Exchange Commission said on 11 April 2019 that Abraaj founder Arif Naqvi and Abraaj Investment Management Limited misappropriated money from the Abraaj Growth Markets Health Fund.
- Supported74Kobe Steel was fined 100 million yen in March 2019 for violating Japan's Unfair Competition Prevention Act over its product misconduct.
- Unresolved81US prosecutors charged OneCoin founder Ruja Ignatova with wire fraud, securities fraud and money laundering conspiracy counts, and the FBI says she remains a fugitive on its Ten Most Wanted list.
- Partly supported83The SEC said in March 2018 that Theranos, its CEO and its former president carried out a massive fraud, and that the company was liable for it.
- Supported92The CFPB said in September 2016 that Wells Fargo employees opened roughly 1.5 million deposit accounts and applied for roughly 565,000 credit card accounts that may not have been authorized by consumers.
- Outdated85Wells Fargo said in September 2016 that refunded accounts were a fraction of one percent of the accounts reviewed and that it had disciplined managers and team members who acted counter to its values.
- Contradicted91Allen Stanford said in a 2016 BBC interview that he did not misspend any investor money.
- Supported72A Hyderabad court convicted Satyam's founder and nine others in April 2015 and sentenced them to seven years' rigorous imprisonment.
- Unresolved50Lawyers for Satyam's founder told a Hyderabad court in July 2010 that he never wrote the January 2009 confession letter.
- Partly supported83A senior Justice Department official said in February 2015 that S&P had admitted facts that make clear its own unlawful role in the financial crisis.
- Unresolved63S&P said in February 2013 that the Justice Department suit was without factual or legal merit, and it had argued in investor cases that its ratings were opinions protected as free speech.
- Supported94The Department of Justice said Allen Stanford was convicted on 13 of 14 counts and sentenced to 110 years in prison for a $7 billion investment fraud centred on the bank.
- Supported93The Supreme Court held in Skilling v. United States, decided 24 June 2010, that the honest-services fraud statute reaches only bribery and kickback schemes and that Skilling's conduct fell outside it.
- Supported96Prosecutors said Bernard Madoff pleaded guilty to an eleven-count criminal information in March 2009 and was sentenced in June 2009 to 150 years in prison with forfeiture of US$170,799,000,000.
- Supported94The SEC said on 17 February 2009 that Stanford International Bank ran a multi-billion dollar fraud, selling about $8 billion in certificates of deposit on false promises and fabricated return data.
- Supported96A May 2006 DOJ release said a federal jury convicted former Enron chief executive Jeffrey Skilling on 19 of the 28 counts he faced, covering conspiracy, securities fraud, insider trading and false statements to auditors.
- Outdated94A May 2006 DOJ release said a federal jury convicted Enron founder Kenneth Lay on all six counts he faced at the Houston trial.
- Partly supported82An undated Jiemian report said Luckin Coffee later paid US$180 million in penalties over the 2020 fabricated revenue.