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...
US-Canadian Securities Regulatory Action, ‘Operation Cryptosweep’ Kicks Off Initial Coin Offering (ICO) Investigation
Operation Cryptosweep
The robust probe comes amid the proverbial crypto craze, wherein the swindlers are highly sophisticated business men, rather than ordinary scam artists. The...
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...
A Deceptive Inferno: State Farm Wins in Court against Deceitful House Fire Claims
A Riveting Tale of Insurance Fraud and its Impact on Public Trust.
A Burning Deception Unveiled
We all have moments of desperation, but how far...
From Multi-Million Dollar Marketing Scheme to Prison Sentence
Fraudulent Marketing Scheme
Craig Jerabeck, of Rochester, NY, pleads guilty to conspiracy to commit wire fraud and filing a false tax return, as a part...
Walmart agrees to pay $137M to settle violations of Foreign Corrupt Practices Act (FCPA)
Walmart (NYSE: WMT) and its subsidiary WMT Brasilia agreed to pay a combined criminal penalty of $137 million to settle investigations into its violations...
Energy Storage Company Engages in Fraudulent Revenue Recognition
Fraudulent Revenue Recognition
Just when Enron Corporation is a fading memory, a California-based energy storage and power delivery product manufacturer emerges. And this time, leveraging...
Novartis to pay $346 million to settle U.S. charges over alleged FCPA violations
Novartis AG, a global pharmaceutical company based in Switzerland, reached an out-of-court settlement with U.S. regulators to resolve all pending lawsuits alleging that its...
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...
Consumer Protection Watchdog Files Lawsuit against Credit Repair Firms
The Consumer Financial Protection Bureau (CFPB) is suing two credit repair firms and their owners for allegedly engaging in abusive and deceptive sales practices.
On...
Must Read
House Speaker Johnson Losing Favor With Republicans, Gaining Amongst Democrats
After the short-lived and controversial House speakership of former US Rep. Kevin McCarthy, current House Speaker Mike Johnson took over.
Johnson was expected to steer...
