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Wednesday, July 17, 2019

Bitcoin Fraud: CFTC Charges Two Individuals for Swindling Investors

The U.S. Commodity Futures Trading Commission (CFTC) filed charges against two people and their companies involved in bitcoin fraud. On Friday, the regulator released two...

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...

Jesse Willms, the negative option king, is at it again

Jesse Willms is, ostensibly, a successful entrepreneur. The Canadian businessman has started several businesses that have generated hundreds of millions of dollars.  However, along...

Securities and Exchange Commission Halts $102 Million Ponzi Scheme

Unprecedented Ponzi Scheme The Securities and Exchange Commission files charges and obtains an asset freeze against numerous individuals and their companies. The scam artists are...

Arizona and New Mexico Auto Dealerships Charged by FTC with Falsifying Consumers’ Information on...

Four auto dealers operating in Arizona and New Mexico were charged by the Federal Trade Commission for an array of alleged illegal activities. The...

Thirteen Private Fund Advisers Penalized by SEC for Recurring Filing Failures

Investment Advisers and Recurring Filing Failures The Securities and Exchange Commission announces settlements with more than a dozen registered investment advisers. The news comes amidst...

Former Barbados Parliament Member and Minister of Industry Indicted for Money Laundering

Donville Inniss, a former member of the Parliament of Barbados, was charged on Tuesday with conspiracy to launder money and money laundering in federal...

Former Trump Lawyer Starts GoFundMe Campaign

President Donald Trump's former attorney Michael Cohen has started a GoFundMe page, The Hill reported on Wednesday. The campaign hopes to raise $500,000. An Overview...
New York AG Barbara Underwood Press Conference

New York AG Sues Investment Advisor for Defrauding Elderly Clients

New York Attorney General Barbara Underwood filed criminal charges against an investment advisor for defrauding elderly clients. On Wednesday, AG Underwood said Dean S. Mustaphalli,...

Ponzi Fraudster Slapped with More Than a Decade in Federal Prison

Aggressive Ponzi Fraudster Lee Loomis received a prison sentence in February for running a complex investment ponzi scheme. The scam caused nearly 200 investors to...

Must Read

Gov. Cuomo approves legislation raising the legal age to buy tobacco,...

New York Governor Andrew Cuomo signed into law legislation increasing the legal age to purchase tobacco and e-cigarettes from 18 to 21. On Tuesday, Gov....