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March 15, 2026

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Financial Investigations June 2, 2020

Payment processor Qualpay settles FTC charges related to fraudulent MOBE business coaching

Qualpay, a payment processor based in California, agreed to settle the charges filed against it by the Federal Trade Commission (FTC), alleging that it ignored warning signs that MOBE was…

By – Marivic Cabural Summers
Latest news
Financial Investigations June 1, 2020
SEC orders BitClave to return $25.5 million to be distributed to its ICO investors

BitClave PTE Ltd. agreed to settle the charges filed by the Securities and Exchange Commission (SEC), alleging that…

By Marivic Cabural Summers
Financial Investigations May 27, 2020
Ares Management to pay $1 million to settle SEC charges over its compliance failures

Ares Management, a private equity firm based in Los Angeles, California agreed to pay $1 million to resolve…

By Marivic Cabural Summers
Financial Investigations May 23, 2020
Peloton sues NordicTrack maker Icon

Peloton, maker of the popular Peloton bike, is suing competitor Icon Health & Fitness Inc, maker of NordicTrack,…

By Rheanna Chou
Financial Investigations May 22, 2020
SEC stops California investment adviser’s Ponzi scheme targeting seniors

The Securities and Exchange Commission (SEC) stopped an investment adviser and his entities’ Ponzi scheme targeting senior citizens…

By Marivic Cabural Summers
Financial Investigations May 13, 2020
Morgan Stanley Smith Barney to pay $5 million to settle SEC charges

Morgan Stanley Smith Barney (MSSB) agreed to pay a penalty of $5 million to settle the administrative proceeding…

By Marivic Cabural Summers
Financial Investigations April 23, 2020
Tech support scams’ credit card launderer to pay $6.75 million to settle FTC charges

A Canadian company that helped tech support scams in laundering credit card payments reached a settlement agreement with…

By Marivic Cabural Summers
Financial Investigations April 21, 2020
SEC orders three investment advisory firms to return money to investors

The Securities and Exchange Commission (SEC) ordered three investment advisory firms to reimburse investors harmed by their inadequate…

By Marivic Cabural Summers
Financial Investigations March 25, 2020
Cheesecake Factory Unable to Make Storefront Rent Amidst Mass Shutdowns

The real-world consequences of mass shutdowns continue to materialize across the nation. Many backers of these shutdowns argue…

By Gabrielle Seunagal
Financial Investigations March 23, 2020
SEC halted cryptocurrency scam perpetrated a former Washington state senator

The Securities and Exchange Commission (SEC) stopped a cryptocurrency scam perpetrated by a former Washington state senator and…

By Marivic Cabural Summers
Financial Investigations March 13, 2020
Credit Repair Company BoostMyScore Settles FTC Suit Alleging It Misled Consumers

A credit repair company based in Colorado and its chief executive officer agreed to settle the complaint filed…

By Marivic Cabural Summers

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