Boat-Buying Ponzi Schemer Admits Luring Investors
Brian Dowling, 09 April 2021
A self-professed venture capitalist from Boston admitted Thursday to duping investors with promises of easy, no-risk profits as part of a Ponzi-like fraud scheme that prosecutors say netted him a powerboat.
Tanmaya Kabra pled guilty to four counts of wire fraud before U.S. District Judge Denise J. Casper under a deal with prosecutors, who have agreed to recommend a sentence at the low end of the federal guidelines. Judge Casper scheduled Kabra’s sentencing for Aug. 30. Continue reading “Article: Boat-Buying Ponzi Schemer Admits Luring Investors”
“We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.”- Herbert Hoover
RCMP’s failure to earmark adequate resources against financial crime was compounded by government officials downplaying problem, inquiry hears.
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Florida is suing the Centers for Disease Control and Prevention to resume U.S. cruise sailings, calling the lockdown “arbitrary and capricious” and citing hundreds of millions of dollars in potential losses for the state economy.