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Thursday, October 18, 2018

Scam Artist Headed to Prison for Defrauding Concert Promoter

Bogus Connections to the Red Hot Chili Peppers U.S. District Judge Jeffrey White sentenced Quincy Krashna to a 24-month prison sentence for his role in...

Cannabis Investment Fund and Founder Charged by SEC

Marijuana-Related Investment Fund A Texas-based investment fund and its founder were charged by the Securities and Exchange Commission for defrauding investors. The alleged fraud scheme...

Alleged Fake Trading Accounts Scam Busted Up by SEC

Day Trading – Oldest Trick in the Book? A pair of Michigan men were charged by the Securities and Exchange Commission with fraud for their...

SEC Awards More than $50 Million to Whistleblowers

Unprecedented Award The Securities and Exchange Commission is awarding $39 million to one whistleblower and $15 million to another individual. The two whistleblowers provided critical...

Alleged Microcap Fraudsters Charged by SEC in Market Manipulation Schemes

Unlawful Stock Sales — Pump, Dump and Run The Securities and Exchange Commission charged a group of 10 corporate entities and 10 individuals for their...

Real Estate Broker Charged by SEC with FCPA Violations

Foreign Corrupt Practices Act The Securities and Exchange Commission charged a New Jersey real estate broker for attempting to bribe a foreign official for a...

Georgia-based Company Banned from Debt Collection Business

Federal Trade Commission Settlement Bans Company from Buying or Selling Debt The operators of a Georgia-based debt collection business allegedly used fraudulent claims and threats...

Incorrect Quantitative Investment Models Lead to $97 Million Investor Payout

Faulty Investment Models The Securities and Exchange Commission charged four distinct Transamerica entities for misconduct involving faulty investment models. Amid the charges, the SEC ordered...

Payless ShoeSource Architect ‘Drafts’ the Path to His Own Prison Sentence

Defrauding Payless ShoeSource Manuel Francisco Ruiz-Lacayo, 38, of Lawrence, Kansas, pleaded guilty to one count of wire fraud. He was sentenced to 21 months in...

Vero Beach Property Developer, Buyer and Attorney Sentenced to Prison In Real Estate Scam

 High Profile Real Estate Scam A Vero Beach property developer, a condominium buyer and an attorney were sentenced to prison for their roles in a...

Must Read

Arizona Border Patrol Agents Continue to Arrest Large Groups of Immigrants

ICE says only 2 percent of immigrants who entered U.S. illegally...

A very small percentage of arrested immigrants particularly those family units who entered the United States illegally were deported, according to an official of...