SEC sued BNZ One Capital and its co-founders for operating a Ponzi-like scheme
The Securities and Exchange Commission (SEC) filed a lawsuit against BNZ One Capital for allegedly operating a Ponzi-like scheme.
The federal securities regulator also named...
Music streaming company Akazoo to pay $38.8 million to settle fraud charges
Akazoo S.A., a purpoted music streaming company based in Greece, agreed to pay $38.8 million to settle a lawsuit filed by the U.S. Securities...
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...
FCC Considering Rules To Stop Illegal Robotexts Flooding Cellphones
The Federal Communications Commission (FCC) is now paying attention to the annoying text messages known as robotexts sent to consumers' cellphones.
On Monday, the FCC...
Court Shuts Down An International Psychic Mail Fraud Scheme
The U.S. Department of Justice (DOJ) announced that a district court shut down an international psychic mail fraud scheme operated by three individuals and...
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...
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...
Feds charges 138 medical professionals involve in $1.4 billion health care fraud
Federal authorities filed charges against 138 medical professionals involved in a massive health care fraud nationwide.
According to the U.S. Department of Justice, the 138...
Clinton Portis, Two Other Former NFL Players Plead Guilty to Committing Health Care Fraud
Three former National Football League (NFL) players admitted their involvement in a nationwide health care fraud.
According to the U.S. Department of Justice (DOJ), Clinton...
SEC Sued BitConnect and Founder Kumbhani over $2 Billion Cryptocurrency Fraud
The U.S. Securities and Exchange Commission (SEC) sued BitConnect for allegedly committing a massive cryptocurrency fraud that harmed investors worldwide.
According to the SEC, the...
Must Read
Cloud Seeding: Torrential Rainstorm in Dubai
The arid landscape of the United Arab Emirates (UAE) was engulfed by a rainstorm. The deluge of rain transformed the countries parched deserts into...
