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Friday, October 19, 2018

Alleged Fake Trading Accounts Scam Busted Up by SEC

Day Trading – Oldest Trick in the Book? A pair of Michigan men were charged by the Securities and Exchange Commission with fraud for their...

SEC Awards More than $50 Million to Whistleblowers

Unprecedented Award The Securities and Exchange Commission is awarding $39 million to one whistleblower and $15 million to another individual. The two whistleblowers provided critical...

Alleged Microcap Fraudsters Charged by SEC in Market Manipulation Schemes

Unlawful Stock Sales — Pump, Dump and Run The Securities and Exchange Commission charged a group of 10 corporate entities and 10 individuals for their...

Real Estate Broker Charged by SEC with FCPA Violations

Foreign Corrupt Practices Act The Securities and Exchange Commission charged a New Jersey real estate broker for attempting to bribe a foreign official for a...

Georgia-based Company Banned from Debt Collection Business

Federal Trade Commission Settlement Bans Company from Buying or Selling Debt The operators of a Georgia-based debt collection business allegedly used fraudulent claims and threats...

Incorrect Quantitative Investment Models Lead to $97 Million Investor Payout

Faulty Investment Models The Securities and Exchange Commission charged four distinct Transamerica entities for misconduct involving faulty investment models. Amid the charges, the SEC ordered...

Payless ShoeSource Architect ‘Drafts’ the Path to His Own Prison Sentence

Defrauding Payless ShoeSource Manuel Francisco Ruiz-Lacayo, 38, of Lawrence, Kansas, pleaded guilty to one count of wire fraud. He was sentenced to 21 months in...

Vero Beach Property Developer, Buyer and Attorney Sentenced to Prison In Real Estate Scam

 High Profile Real Estate Scam A Vero Beach property developer, a condominium buyer and an attorney were sentenced to prison for their roles in a...

Florida Cash Advance Company and Former CEO Charged by SEC

Defrauding Retail Investors 1 Global Capital LLC and its former CEO were charged by the Securities and Exchange Commission for allegedly defrauding at least 3,400...

Rolling the Casino ‘Dice’ with Tax Fraud

Fake Gambling Proceeds and Tax Fraud Anthony Charles Dwight Box was sentenced to 36 months in prison on Aug. 28, to be followed by three...

Must Read

U.S. DOJ Investigating Child Sexual Abuse by Catholic Priests in Pennsylvania

The U.S. Department of Justice (DOJ) reportedly launched an investigation into the allegations of child sexual abuse by Roman Catholic priests in Pennsylvania. On Thursday,...