After the Bust, Are Bitcoins More Like Tulip Mania or the Internet?

When you talk to tech industry insiders about where Bitcoin is heading, two vastly different comparisons are inevitable: the tulip bulb and the internet.

Bitcoin’s critics say the digital tokens are like the tulip bulbs of 17th-century Holland. They generated a wild, speculative rush that quickly disappeared, leaving behind nothing but pretty flowers and wrecked bank accounts. read more »

Michigan Home Health Agency Owner Sentenced to Prison for $8.3 Million Medicare Fraud

A Michigan home health agency owner was sentenced to 84 months in prison today for his role in an $8.3 million scheme to defraud Medicare.

Zahir Shah, 49, of West Bloomfield, Michigan, was sentenced by U.S. District Judge Avern Cohn of the Eastern District of Michigan, who also ordered Shah to pay $ 8,339,790.28 in restitution.  In May 2018, Shah pleaded guilty to one count of conspiracy to commit health care fraud and wire fraud and one count of conspiracy to pay and receive health care kickbacks. read more »

CFTC Charges Forex Trading Firms and Principals in $75 Million Fraud

The defendants are charged with operating a $75 million foreign currency (“forex”) trading scheme involving over 700 U.S. participants and over $47 million misappropriated in order to return funds to certain participants and for personal use, such as exotic vacations, sports tickets, and college tuition. read more »