Litigation Finance Firm Founder Pleads Guilty to Securities Fraud
Jaeson Birnbaum faces up to 20 years in prison for using investor funds for personal use and to pay earlier investors.
Law Enforcement
Trader Is Accused of Speculative Trading That Bankrupted His Employer
Keith Wakefield allegedly lost $30 million from unauthorized risky bond trades, which forced IFS Securities to go out of business.
Former Goldman Compliance Analyst Charged With Insider Trading
The SEC alleges Jose Luis Casero Sanchez ‘abused his position of trust’ by using confidential information to make trades.
SEC Wants Funds to Reveal More Proxy Voting Information
The regulator proposes disclosure rule changes regarding ‘say-on-pay’ votes and securities lending.
Wisconsin Adviser Charged With Defrauding Elderly, Ill Clients
The SEC alleges Michael Shillin betrayed more than 100 clients, with ‘devastating’ results
Leader of Cryptocurrency Scam Targeting Doctors Pleads Guilty
The former UBS securities broker faces up to 20 years in prison for defrauding investors out of more than $30 million.
Advance Fee Scheme Promoter Gets 14 Years in Prison for Fraud
James Leonard Smith allegedly helped steal nearly $6 million from investors desperate for financing.
Senators Reintroduce Bills to Bolster Retirement Savings
The four bipartisan bills are sponsored by Sens. Cory Booker and Todd Young.
Group Charged With Sophisticated Global Pump-and-Dump Conspiracy
US authorities allege a Canadian-led group made tens of millions of dollars in penny stock scams dating back a decade.
Think Before You Tweet: Charges Against Milton Should Be a Warning
The Nikola founder could face decades in prison for allegedly false, misleading Twitter posts.
Texas ERS Hacker Gets 8 Years in Prison
Olumide Morakinyo created unauthorized accounts for participants who hadn’t set them up.
CEO Charged in Multimillion Dollar Fraud Involving Two Firms
Aron Govil allegedly siphoned $7 million from Cemtrex and Telidyne investors for personal use.
Investment Firm CEO Gets 5 Years in Prison for Securities Fraud
L-R Managers co-founder Donald LaGuardia has also been ordered to pay $6.6 million in fines and restitution.
CEO, CTO Accused of Misleading Investors on COVID-19 Test
Parallax Health Sciences and the two executives settled charges related to claims the company made about a coronavirus screening test.
SEC, DOJ Charge Hedge Fund Trader in Alleged Front-Running Scheme
Sean Wygovsky is accused of taking in $3.6 million from insider trading at a Canadian asset management firm.