wire fraud
Indian National Sentenced to 90 Months in US Prison for $2.2 Million Elder Fraud Scheme
Dec 11, 2025 12:17 pm CST
An Indian national has been sentenced to 90 months in federal prison for orchestrating a sophisticated elder fraud scheme across five Midwestern states, resulting in over $2.2 million in losses. Ligneshkumar H Patel personally visited elderly victims' homes, impersonating law enforcement officials to collect money and gold as part of a larger conspiracy targeting vulnerable seniors.
MIT Brothers on Trial: $25 Million Ethereum Heist Raises Questions About Crypto Trading Ethics and Legality
Oct 15, 2025 02:08 pm CST
Two MIT-educated brothers face serious legal charges in Manhattan federal court for allegedly exploiting Ethereum blockchain vulnerabilities to secure $25 million. Their defense claims they merely outsmarted predatory trading bots in an unregulated market, while prosecutors allege sophisticated fraud. The case highlights the complex intersection of advanced technical expertise, cryptocurrency regulation, and emerging definitions of fraud in digital asset markets.