Business

“Serial entrepreneur” fraudulently receives millions in federal payment loans for counterfeit companies, DOJ allegations

A 24-year-old self-proclaimed “serial entrepreneur” is accused of fraudulently soliciting more than $ 7 million in federal wage funds by claiming his Manhattan company employed more than 200 employees, the Department of Justice announced Tuesday. Sheng-Wen Cheng, 24, is charged with various counts of fraud, including major United States fraud, …

Read More »

Carnival cruise gets hit with Ransomware attack

Carnival (NYSE: CCL) yesterday announced that earlier this week it had discovered a ransomware attack on one of its brands that accessed and encrypted its information technology system. The company did not name the brand, but said some of its databases were downloaded. The company said it believes personal data …

Read More »