SCAM ALERT: Eastern Metal Securities (EMS) is an online fraud targeting deaf community
The Securities and Exchange Commission (SEC) filed charges against Roger Nils-Jonas Karlsson for operating Eastern Metal Securities (EMS), a global online fraud targeting thousands of...
Florida Man Rips-Off Local Investor In Bogus Investment Scheme
Trash Collector to Financial Adviser
Timothy Herman of Lake Mary, Florida, finds himself the subject of a federal grand jury indictment. Herman is a self-purported...
Biotech Securities Fraud at PixarBio Corporation
Biotech Securities Fraud
Frank Reynolds, the chief executive officer of PixarBio Corp., a Boston-based biotech company, and two associates (Jay Herod and Kenneth Stromsland) were...
United Technologies Corporation and Foreign Corrupt Practices Act
UTC Charged With Violating FCPA
Connecticut-based United Technologies Corporation has been charged by the Securities and Exchange Commission with violating the Foreign Corrupt Practices Act...
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,...
NetSpend Issues Refund to Some Consumers as Part of Settlement of FTC Claims
NetSpend agreed to refund $53 million in refunds to consumers who were denied access to their NetSpend cards after a deposit was made. The...
Court Orders Sanctuary Belize Scam Ringleaders to Pay $120.M to FTC
A federal district court entered a final order approving a huge amount of financial judgment against the Sanctuary Belize scam ringleaders that defrauded U.S....
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...
State Farm Insurance Accused of Billion-Dollar Minority Fraud Scheme
This is the case of TBI Diagnostic Centers of Georgia LLC v. State Farm Mutual Automobile Insurance Co. et al., in the Superior Court...
Telecom Expense Management Company Charged with Accounting Fraud
Creative Accounting
The Securities and Exchange Commission charged a telecommunications expense management company for its alleged use of fraudulent accounting practices that boosted company revenue...
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...
