He promised investors 10% gains. Now, he’s accused of using their money for sailing excursions in an alleged Ponzi scheme

Ravi Singh6 hours ago01 mins

A financier has been extradited from the United Kingdom to the United States to face allegations that he cheated investors who were promised monthly 10% gains in what was actually a Ponzi scheme, authorities said. Matthew Melton, 61, of Boulder, Colorado, has remained jailed at a federal lockup in Brooklyn after appearing in court Saturday…

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Ravi Singh1 week ago07 mins

A sweeping Reuters investigation has put a price tag on Meta’s tolerance for ad fraud: billions of dollars a year. For Rob Leathern, a former Meta executive who led the company’s business integrity operations until 2019, the findings expose a stark tension between revenue growth and consumer harm. The report, published Monday, found that Meta…