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Thursday, September 29, 2022
seniors victims financial scams

House Approves Bill to Protect Seniors from Financial Scams

A large majority of lawmakers in the U.S. House of Representatives support an initiative to protect senior citizens from financial scams. Millions of elderly become...
FTC-lawsuit-Kochava-geolocation data

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 Carlos Capuci Jr., and...
penny stock, pump-and-dump stock manipulation scheme

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...
Ponzi scheme

SEC Charges Entities Behind A Nearly $450 million Ponzi Scheme

The Securities and Exchange Commission (SEC) filed a lawsuit against individuals and companies responsible for the nearly $50 million Ponzi scheme involving purported personal...
FTC-lawsuit-Kochava-geolocation data

Farmers, Insurance Agents Imprisoned for Defrauding Crop Insurance Programs

More than a dozen tobacco farmers, a warehouse owner, several insurance agents, and adjusters in Kentucky were sent to prison for participating in a...

No-fault Auto Insurance Fraud Scheme Leader Gets 7 Years Prison Sentence

A senior leader of the massive no-fault auto insurance fraud scheme has been sentenced to seven years in prison, according to the U.S. Attorney's...
FTC-lawsuit-Kochava-geolocation data

Fintech Investment Group, Compcoin to pay $1.8 million over fraudulent forex and digital asset...

Fintech Investment Group, Compcoin LLC, and its owner Alan Friedland were ordered to pay a total of $1.8 million for operating a fraudulent foreign...
Easterday Ranches phantom cattle fraud scheme

Easterday Ranches to pay $263 million for engaging in phantom cattle fraud scheme

A federal court ordered Easterday Ranches to pay a total of $263 million restitution and civil monetary penalty for committing a phantom cattle fraud...
You Shall Not Pass - Gandalf - Lord of the Rings

“You Shall Not Pass” Lord of the Rings Inspired Cryptocurrency Is Now Banned

A cryptocurrency inspired by the “Lord of the Rings” trilogy was banned on Tuesday. The family and estate author of JRR Tolkien — the...
DC Solar owner Jeff Carpoff Ponzi Scheme

DC Solar owner Jeff Carpoff to serve 30 years in prison for orchestrating $1...

DC Solar owner Jeff Carpoff will spend 30 years of his life in federal prison for orchestrating a $1 billion Ponzi scheme. Carpoff committed the...

Must Read

Space Geeks: NASA’s DART spacecraft has cosmic collision

NASA crashed its Double Asteroid Redirection Test aka DART spacecraft into an asteroid 6.8 million miles from Earth.  And Monday’s test was by all...