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Thursday, May 24, 2018

Georgia-based Business Charged with Taking More Than $3 Mill from Consumers

Georgia-based company Global Processing Solutions, LLC (formerly known as Global Processing Solutions, Inc.,) along with more ten other defendants, are charged in federal court...
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Hedge fund manager attempting takeover at ADP

A Wall Street hedge fund manager has started a fight with ADP management for control of the paycheck processing company. You’ve probably never heard the...

Western Union to Issue Refunds to Scammed Consumers

Between January 1, 2004 and January 19, 2017, consumers were scammed into sending more than $500 million to fraudsters through Western Union. In a...

Attention Hedge Fund Advisers: Inflating Fund Performance is Illegal

Inflating Fund Performance The Securities and Exchange Commission announces charges for New York-based investment adviser Premium Point Investments LP. The charges are for inflating fund...
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Hedge Funds Own More Stock Than Ever

Hedge funds own $1.4 trillion in stocks, according to a Bank of America report. That’s the most ever, surpassing the old record set in...

The Feds Catch Up with $4 Million Family Extortion Scheme

Keeping It In the Family Five members of a family receive indictments alleging complicity in a $4 million extortion and money laundering scheme. In addition,...

Cambridge Hedge Fund Manager Sentenced for Investment Fraud Scheme

Investment Fraud Scheme The owner of two Cambridge-based investment advisory firms receives sentence in connection with a scheme to defraud hedge fund investors. Yasuna J....

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...
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New York Attorney General Investigating Cryptocurrency Exchanges

The New York Attorney General’s Office opened an investigation into 13 cryptocurrency exchanges. On Tuesday, AG’s office launched the Virtual Markets Integrity Initiative to investigate...

FTC Sacks Deceptive Marketers for Work-at-Home and Business Coaching Scheme

Deceptive Marketers and Expansive Fraud Scheme Deceptive marketers for a work-at-home and business coaching scheme swindle consumers out of millions of dollars. One of the...

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