Search Results for: "Ponzi scheme"
An FTX Customer Who Lost $750,000 Files a Lawsuit against Golden State Warriors
An FTX customer who says he shed $750,000 after the crypto behemoth collapsed has filed a lawsuit against…
By – Rochdi Rais
Former IIG Managing Partner David Hu gets 12 years jail time for defrauding $120 million from investors
David Hu, the former managing partner of International Investment Group (IIG) was sentenced to 12 years in prison…
By – Marivic Cabural Summers
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…
By – Marivic Cabural Summers
SEC charges Victor Farias with defrauding first responders out $14M
On July 30, 2020, David Peavler, Regional Director of the SEC’s Fort Worth Office announced charges against San…
By – Jackie Allen
CFTC Charges Forex Trading Firms Involve in $75 Million Fraud
The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against several foreign currency (forex) trading firms…
By – Marivic Cabural Summers
Alleged Fake Trading Accounts Scam Busted Up by SEC
Day Trading – Oldest Trick in the Book? A pair of Michigan men were charged by the Securities…
By – Peter Moreno