PE Firm Founder Pleads Guilty to $58 Million Manhattan Real Estate Fraud
Eric Malley induced more than 300 people to invest in purportedly debt-free luxury properties.
Law Enforcement
PE Fund CEO Charged With Lying to Secure $95 Million Loan
Elliot Smerling could face more than 60 years in prison for wire fraud, bank fraud, and identity theft.
NY Attorney General Seeks to Shut Down Cryptocurrency Trading Platform
Coinseed is accused of ‘depleting accounts,’ and transferring funds to an offshore, unregulated platform.
Former Live Well CEO Convicted in $200 Million Bond Fraud
Michael Hild allegedly called his scheme to mismark bonds a ‘self-generating money machine.’
Five Charged in Offering Fraud, Stock Manipulation, Ranging from Oil to Pot
Prosecutors say the defendants unwittingly conspired with an undercover agent who was posting as a corrupt stock promoter.
SEC Obtains Final Judgment Against Shkreli Lawyer
Evan Greebel allegedly drafted bogus consulting agreements to fend off disgruntled hedge fund investors.
Extortionist Pleads Guilty to Crypto Firm Shakedown
Michael Hlady, who claimed to be part of the FBI, CIA, and NSA, threatened to ‘destroy’ a startup.
Financial Firm Head Indicted in Alleged Insider Trading Scheme
Jason Peltz is accused of using insider information and a relationship with a business reporter to reap a profit.
FBI Arrests VC Firm Founder Over Alleged Investment Fraud
Derek Jones has been charged with wire fraud and identity theft in an allegedly multimillion dollar scam.
CIO Pleads Guilty to Role in $100 Million Fraud
International Investment Group’s David Hu faces a maximum sentence of 45 years in prison.
Russian Gets 12 Years in Prison for Hacking US Financial Institutions, Publishers
Andrei Tyurin targeted JPMorgan Chase Bank, E*TRADE, Scottrade, and The Wall Street Journal.
Financial Journal Comptroller Pleads Guilty in Embezzlement Scheme
Eric Whitehead, of Grant’s Interest Rate Observer, faces 20 years in prison for using company assets to pay for personal expenses.
Madoff Victims’ Recovery Tops 80% of Losses
Latest distribution of more than $488 million to Bernie Madoff victims hailed as ‘historic result.’