Regulatory Actions May 9, 2022
Mining Capital Coin (MCC), Founders Sued Over Cryptocurrency Mining Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) filed a complaint against Mining Capital Coin Corp. (MCC) and its founders Luis…
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Regulatory Actions May 5, 2022
Intuit to Pay $141 Million to Settle Multistate Probe into its TurboTax “Free” Tax Filing Ads
Inyuit Inc (NASDAQ: INTU) reached an agreement to settle a multistate investigation into its alleged deceptive marketing of TurboTax as…
Regulatory Actions May 4, 2022
Bank of America to Pay $10 Million Fine for Processing Illegal Garnishments
The Consumer Financial Protection Bureau (CFPB) ordered Bank of America (NYSE: BAC) to pay a civil penalty of $10 million…
Regulatory Actions May 4, 2022
Amazon PillPack to Pay $5.79 Million to Settle Lawsuit over Insulin Pen Dispensing Practice
PillPack, a full-service online pharmacy owned by Amazon.com (NASDAQ: AMZN), reached an agreement to settle a lawsuit alleging that it…
Financial Investigations
May 3, 2022
SEC Sues Synergy Settlement Services for Defrauding Individuals with Disabilities
The Securities and Exchange Commission (SEC) filed a lawsuit against Synergy Settlement Services, Inc. for allegedly defrauding individuals with disabilities. The SEC also sued Synergy’s…
By – Marivic Cabural Summers
America
May 1, 2022
Warren Buffett “all-in” on Microsoft Activision Blizzard Deal
Warren Buffett, CEO of Berkshire Hathaway has become ultra-wealthy because he is perhaps the most successful investor of all time. And the market is paying…
By – Jackie Allen
Business
April 21, 2022
Stericycle To Pay $84 Million to Settle Bribery Investigations
International Waste Management Company Stericycle agreed to pay more than $84 million to settle parallel investigations into its alleged bribery scheme in Argentina, Brazil, and…
By – Marivic Cabural Summers
Business
April 21, 2022
Warrior Trading to pay $3 million for making false earnings claims regarding its day-trading strategies
The Federal Trade Commission (FTC) stopped Warrior Trading and its CEO, Ross Cameron, from making false earnings claims regarding their day-trading strategies. The Commission ordered…
By – Marivic Cabural Summers
Financial Investigations
April 19, 2022
SEC charges 16 people involve in $194 million “pump-and-dump” stock manipulation scheme
The Securities and Exchange Commission (SEC) filed charges against 16 individuals for their involvement in a global pump-and-dump stock manipulation scheme that generated $194 million…
By – Marivic Cabural Summers
Financial Investigations
April 18, 2022
Former IRB Brazil RE Senior Executive Fernando Passos charged with fraud
The United States government filed fraud charges against Fernando Passos, the former executive vice president of finance and investor relations of IRB Brasil Resseguros SA…
By – Marivic Cabural Summers
Regulatory Actions
May 18, 2024
$38M Verdict Against New Hampshire in Youth Center Abuse Case: Legal and Insurance Repercussions
Key Takeaways The $38 million verdict highlights the significant financial implications of state liability in abuse cases. Judge Schulman’s decision underscores the state’s breach of duty and the need for…
By – Samuel LopezLatest news
Regulatory Actions
May 17, 2024
Fifteen Arrested in Southern California Auto Insurance Fraud Ring: $350,000 in Claims Exposed
Quick Hits Fifteen Southern California residents charged in an auto insurance fraud ring. The fraudulent scheme involved holding…
By Samuel Lopez
Regulatory Actions
May 16, 2024
Financier Greg Lindberg Faces Up to 30 Years in Prison After Guilty Verdict on Bribery Charge
Quick Hits Greg Lindberg faces up to 30 years in prison after being found guilty of bribery for…
By Samuel Lopez
Regulatory Actions
May 15, 2024
Solar Storms: A New Threat to the Insurance Industry
Quick Hits Emerging Risks from Solar Storms: The recent X-class solar flare highlights the growing concern of geomagnetic…
By Samuel Lopez
Regulatory Actions
May 9, 2024
New York Lawsuit Exposes Flaws in Life Insurance Premium Financing
Key Takeaways: Ester and Baruch Aronson’s lawsuit against major insurers highlights potential misuse of premium financing. The case…
By Samuel Lopez
Regulatory Actions
May 6, 2024
Buffett Cautions on Tesla’s Self-Driving Tech Risks to Berkshire’s Insurance Business; Musk Challenges Buffett to Invest in Tesla
Key Takeaways: Elon Musk suggests that investing in Tesla is a strategic move for future-oriented investors. Warren Buffett…
By Samuel Lopez
Regulatory Actions
May 4, 2024
Rising Tide of Cyber Threats: How Cyber Insurance Becomes a Business Lifeline
Key Takeaways: Cyber insurance policies are evolving to offer comprehensive protection against modern digital threats, including legal costs…
By Samuel Lopez
Regulatory Actions
May 4, 2024
Is Your California Home Under Surveillance? Privacy Concerns Rise as Insurers Take to the Skies
Key Takeaways: California insurance companies are using drones and aerial imagery to inspect homes, often without notifying homeowners. This…
By Samuel Lopez
Regulatory Actions
May 2, 2024
Insurer Chubb Prepares $350 Million Payout Following Baltimore Bridge Collapse
Key Takeaways: Chubb prepares to disburse $350 million, potentially the first of several large insurance payouts due to…
By Samuel Lopez
Regulatory Actions
May 1, 2024
AIG Busted for Unfair Practices After Hurricane Irma: Policyholders Awarded Millions, But Questions Remain
Key Takeaways: AIG must pay millions to a Florida resort owner after a jury found unfair practices in…
By Samuel Lopez
Regulatory Actions
April 29, 2024
California Homeowners Rejoice! Allstate May Return, But with Strings Attached
Reporting by Samuel A. Lopez, Legal Analyst, USA Herald Key Takeaways: Allstate might resume writing new homeowners’ policies…
By Samuel LopezPopular News
Regulatory Actions
March 15, 2026
AI Deepfake Warfare Emerging As The Next Legal Battlefield In 2026 Election Cycle
Regulatory Actions
March 13, 2026
Supreme Court Asked To Step In As 98-Year-Old Federal Judge Pauline Newman Fights Suspension From The Bench
Regulatory Actions
February 28, 2026
Iran War Immigration Impact – How H-1B Visas, Student Visas, Asylum Policy And U.S. Border Security Could Shift Overnight
Regulatory Actions
February 28, 2026
War With Iran Could Trigger A Global Insurance Shockwave — What It Means for American Policyholders And The Industry Worldwide
Regulatory Actions
February 27, 2026
California’s Separate Justice System: How One Man’s Fight With the State Bar Raises Questions That Still Matter Today
Regulatory Actions
February 22, 2026