Tag

#Fraud Allegations

2 articles

Finance

Newark Schools Fight $287M Fraud Claims

Newark Public Schools is battling allegations of misusing $287 million in federal COVID-19 relief funds. Superintendent Roger Leo refutes claims of a $1.4 million 'no-show' consultant and points to improved graduation rates and scholarships as proof of effective spending.

2 weeks ago
Finance

Carvana’s Rally Under Scrutiny Amid Fraud Allegations

Carvana's remarkable stock rally is facing intense scrutiny following allegations of fraud by Gotham City Research. The report claims the online used car retailer inflates profits through opaque transactions with its affiliated company, DriveTime, potentially masking a precarious financial structure.

2 months ago