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Wednesday, February 8, 2023

Rampant Fraud and Unregistered Initial Coin Offering

Initial Coin Offering: Raise The Money and Run? Centra Tech co-founders Sohrab “Sam” Sharma and Robert Farkas are in “hot water” amidst their company’s initial...

SEC Issues Government Impostor Investor Alert

Government Impostor Scam Artists In an increasingly hi-tech world, fraudsters are forced to be more creative than ever. This time, however, their tactic is counterintuitive...

SEC Freezes NASDAQ Listed Stock Sale for Longfin, amid Cryptocurrency Acquisition Announcement

SEC Freezes Longfin Corporation Stock Sale Proceeds The Securities and Exchange Commission continues to investigate the circumstances surrounding the massive sale of restricted shares of...

Investment Adviser Firms Fined $12 Million by Securities and Exchange Commission

Investment Adviser Firms Fined Geneos Wealth Management Inc., Securities America Advisors Inc., and PNC Investments LLC, are three investment adviser firms fined by the Securities...

Texas Company Charged by SEC for Ponzi Scheme Targeting Senior Citizens

Senior Citizens Fall Victim to Ponzi Scheme On April 6, 2018, the Securities and Exchange Commission (SEC) charged a Texas entity - The Lifepay Group,...

Results Driven Securities and Exchange Commission Program and Whistleblower Awards

Taking a Bite Out of Financial Crime “The SEC has issued nearly $90 million in whistleblower awards in the past month alone,” said Jane Norberg,...

Summit of The Americas and Odebrecht Corruption Scandal

Summit of The Americas and Corruption Peru is host to the Summit of the Americas this year, an event hosted by a different country in...

New Jersey Investment Adviser Fraud Scheme

Fraud and Identity Theft Scott Newsholme of Farmingdale, New Jersey, plead guilty in federal court to wire fraud, aggravated identity theft, and preparing fraudulent tax...

Medical Doctors and $65 Million TRICARE Insurance Fraud

Insurance Fraud Scheme of Epic Proportion TRICARE is the health care program that covers United States military service members. The insurance fraud, the equivalent of...

Illegal Real Estate Finance Scheme Lands Man in Prison

Commercial Real Estate Finance Scheme Over the course of several years, John DiMenna engaged in the purchase and development of large commercial real estate projects....

Must Read

Florida Teen avoids death penalty pleads guilty to killing 13-year-old 

A Florida teen changed his plea and pleads guilty for the stabbing death of Tristyn Bailey,13, according to local news outlet CBS 47. Aiden Fucci,...