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Saturday, February 23, 2019

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...

Doctor Pleads Guilty to Unlawful Distribution of Controlled Substances and Health Care Fraud

A Hazard to Himself and All Those around Him Michael Bummer, 39, a resident of Sewickley, Pennsylvania, pleaded guilty in federal court to charges of...

Do Americans Fully Understand the Tax Cuts and Jobs Act?

The Hill reports that all Americans may not fully understand the recently passed Tax Cuts and Jobs Act. An Overview of the Tax Cuts and...

Payday Lending Executive Sentenced for Swindling Vulnerable Consumers

A federal judge in New York sentenced Richard Moseley, Sr. to 10 years in prison in June after a 2017 conviction for wire fraud,...

Citibank to Pay $100M to Settle Multistate Complaint over Interest Rate Manipulation

Citibank reached a $100 million settlement  with California, New York and 40 other states over its fraudulent conduct involving interest rate manipulation. In 2012, a...

Another Investment Fraud Scheme and Failure to File Federal Tax Returns

Investment Fraud Scheme William Bischoff, of York, Maine, receives a 48 month prison sentence. The sentence is punishment for operating a multi-million dollar investment fraud...

Repeat Fraudster and Long-Time Fugitive Heads Back To The Slammer

Repeat Fraudster Pays the Price  The 75-year-old long-time fugitive and repeat fraudster known as “Butch” Ballow receives a second federal sentence following his admission of...

Fyre Festival Founder Charged by SEC with $27.4 Million Fraud

The Securities and Exchange Commission announced that New York entrepreneur William Z. McFarland, his two companies, a former senior executive and a former contractor...

Registered Investment Adviser and $131 Million Market Manipulation Scheme

Market Manipulation of Epic Proportion Louis Petrossi, a former investment adviser, sells naïve investors worthless stock through a complex market manipulation scheme. In doing so,...

Another Centra Tech Co-Founder Charged in Fraudulent ICO Scheme

Centra Tech and Fraudulent ICO Scheme The Securities and Exchange Commission publicizes additional fraud charges stemming from Centra Tech’s bogus $32 million fraudulent ICO scheme....

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Gov. Doug Ducey 1

Trump Appoints Ducey to Bipartisan Council of Governors

President Donald Trump appointed Governor Doug Ducey to the Council of Governors, a bipartisan group of ten governors who will advise the White House...