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Sunday, June 24, 2018

Theranos Inc., Elizabeth Holmes, and Ramesh Balwani Charged with Fraud

The SEC charged Theranos Inc., CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani last week over fraudulent statements made to investors that...

FTC Returns Almost $500,000 to Consumers Who Bought Fake Weight Loss Supplements

Tachht, Inc., and Teqqi, LLC were ordered by the federal court to pay almost $500,000 to refund customers who bought their fake weight loss...

Judge William J. O’Neil to preside over Attorney Daniel Warner / Aaron Kelly legal...

William J. O'Neil, Presiding Disciplinary Judge, is assigned to the legal fraud case brought by the Arizona Bar against Attorney Daniel Warner and his...
FTC cracks down on student loan debt relief scams.

Ameritech Illegally Charged Consumers Up-Front Fees for Help with Student Loan “Debt Relief”

Ameritech Financial along with its officer Brandon Frere were accused of taking illegal up-front fees in a student loan debt relief scam as part...

United Debt Counselors Forced to Refund Close to Half a Million Dollars to Consumers

United Debt Counselors describes themselves on their website as a debt settlement service that’s been in business for more than seven years. Located in...

CWB Services, LLC Accused of Scamming Consumers With Fake Payday Loan Agreements

As if payday loans don’t get people into enough financial trouble (it’s referred to as predatory lending for a reason), the FTC mailed out...

Behind the SEC’s Moves On ICOs

One of the biggest challenges we face in our times is that technology and marketing move much faster than the legal system’s ability to...

Bitcoin is a Combination of “Bubble” and “Ponzi Scheme” says BIS Head

Bitcoin is a combination of a “bubble, a Ponzi scheme, and an environmental disaster,” according to the head of Bank for International Settlements (BIS). The...

Bitcoin Plummets below $10K amid Broad Weakness in Cryptocurrency Market

Bitcoin plummeted below $10,000 amid the broad weakness in the cryptocurrency market on Monday. Other digital currencies including ethereum, ripple, litecoin, and stellar also...

A to Z Marketing, Inc., Scammed Consumers by Offering Fake Mortgage Relief

A to Z Marketing, Inc., was accused of scamming consumers by offering fake mortgage relief. The federal lawsuit, filed by the FTC, began in...

Must Read

President Trump Weighs in on Democrats and Immigration

Recent documentation from The Hill affirms that President Trump recently weighed in on Democrats and immigration during a weekly White House address. An Overview of...