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Wednesday, November 20, 2019

FTC imposes $110M monetary judgement against Allied Wallet for processing fraudulent transactions

Allied Wallet, a payment processor, and its CEO Ahmad Khawaja and two other officers, Mohammad Diab and Amy Rountree, agreed to settle the charges...

FTC cracks down operators of deceptive online risk-free trial offers

The Federal Trade Commission (FTC) stopped the operations of a group of companies engaged in deceptive online risk-free trial offers that lured consumers into...
credit card fraud

Pennsylvania Authorities Arrest Individuals Engage in Widespread Credit Card Fraud

Authorities in Pennsylvania arrested seven individuals involved in a widespread credit card fraud scheme and victimized multiple consumers in different states. On Monday, Pennsylvania Attorney...

Call Center Scam: Indian National Extradited to the U.S. to Face Fraud, Money Laundering...

An Indian national responsible for operating a multimillion dollar call center scam is now facing charges in the United States. According to the U.S. Department...
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SEC Sued Former Woodbridge Directors Involve In Massive Ponzi Scheme

The Securities and Exchange Commission (SEC) filed a lawsuit against two former directors of investments at Woodbridge Group of Companies LLC for their involvement...

Actresses, CEOs Indicted in Nationwide College Admissions Scam

The U.S. government filed charges against 50 individuals including two actresses and several top business executives for their alleged involvement in a nationwide college...

Sweepstakes Scam Operators Settles FTC Charges, Forfeit $30 Million

  The Federal Trade Commission (FTC) announced that the operators of a sweepstakes scam agreed to settle the charges against them. As part of the settlement,...

CONSUMER ALERT: Arizona Attorney General Warns of Spike in Timeshare Scams

Arizona Attorney General Mark Brnovich issued a warning to consumers regarding the surge of sophisticated timeshare scams. In a statement, Brnovich said his office observed...

SCAM ALERT: Pennsylvania AG Warns against Fake IRS Calls

Pennsylvania Attorney General Josh Shapiro warned taxpayers about fake calls/scams from criminals pretending as agents of the Internal Revenue Service (IRS). During the tax season,...
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SEC Sues Broker-Dealer, Transfer Agent over “Blank Check” Companies

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against a broker-dealer and a transfer agent for allegedly creating and selling more than...

Must Read

4 Massive Corporations Affected by Blatant Accounting Scandals

There have been many famous cases of corporations becoming involved with accounting scandals over the years. These have led to hefty fines, bankruptcy, and...