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Wednesday, October 5, 2022
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GigaTrust founder Robert Bernardi, other to executives charged with $50 million fraud scheme

Robert Bernardi, the founder and former CEO of GigaMedia Access Corporation doing business as GigaTrust, has been arrested and charged with a $50 million...

Trump-linked SPAC Truth Social soars over 400% on opening day

Wednesday night, former President Donald Trump announced his new social media network.  Trump says Truth Social will “stand up to the tyranny of Big...
Credit Suisse

Credit Suisse to pay $475 million to settle fraud charges related to Mozambique loan

Credit Suisse Group AG (NYSE: CS) agreed to pay $475 million to settle fraud charges in connection with the financing of a multimillion-dollar loan...
Bitfinex

CFTC imposes $1.5 million fine against Bitfinex over illegal transactions

The Commodity Futures Trading Commission (CFTC) ordered Bitfinex to pay a penalty of $1.5 million for offering and executing illegal off-exchange financed retail commodity...
Tether

Tether to pay $41 million penalty over false claims about USDT stablecoin

The Commodity Futures Trading Commission (CFTC) ordered Tether to pay a civil monetary penalty of $41 million for making false or misleading statements and...

Joaquin Altenberg must pay $1.72 million in legal fees for egregious fraud and misrepresentation

*Alert: update to story here: https://usaherald.com/vax-immunes-leonard-weisman-served-lawsuit-as-part-of-collection-process/ Joaquin Altenberg was made liable for $1.72 million in plaintiffs' legal fees, plus interest based on a court finding...
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Stock hijackers Mark Miller, Christopher Rajkaran plead guilty to pump-and-dump scheme

Two stock hijackers pleaded guilty to committing securities fraud by engaging in an illegal pump-and-dump scheme. On Thursday, Acting U.S. Attorney W. Anders Folk of...
FTC-lawsuit-Kochava-geolocation data

CanaFarma, co-founders Vitaly Fargesen and Igor Palatnik charged with securities fraud

CanaFarma Hemp Products Corp. and its co-founders Vitaly Fargesen and Igor Palatnik are facing civil and criminal charges for allegedly committing securities fraud and...
GameStop

SEC charges individuals engage in fraudulent options-trading of “meme stocks”

The U.S. Securities and Exchange Commission (SEC) sued two individuals engaged in  fraudulent wash trading of so-called "meme stocks." Wash trading is a market manipulation...
Securities and Exchange Commission vs Nasdaq

SEC busted a father and son microcap fraud scheme

The U.S. Securities and Exchange Commission (SEC) stopped a transatlantic microcap fraud scheme operated by a father and son and their associates. On Thursday, the...

Must Read

Fandom acquires Metacritic to create a combined gaming platform

In a post on their website Monday, Fandom announced they have "acquired a portfolio of entertainment and gaming brands."  The Wall Street Journal reported the purchase...