Regulation
Hedge Fund Manager Gets Nearly 12 Years in Prison for Fraud
Nicholas Genovese pleads guilty to lying about credentials and hiding a criminal background.
Tag: Fraud
Regulation
NJ Pension Fund Trustee Sentenced for Embezzling over $360K
Founder and trustee of a vending machine company’s pension sentenced to two and a half years in federal prison.
Asset Allocation
Cryptocurrency Scam Allegedly Swindles Doctors Out of $33 Million
Michael Ackerman boasted his algorithm generated monthly profits of 15%.
Regulation
Crypto Ponzi Scheme Took Millions from over 100 Investors
The alleged victims included former MLB players, their families, and senior citizens.
Regulation
Mennonite Accountant Charged in $60 Million Ponzi Scheme
Philip Riehl allegedly scammed fellow Mennonites and Amish for nearly a decade.
Regulation
Two Sent to Prison for $2.8 Million Investment Fraud Targeting Elderly Victims
Robert Stencil, Michael Duke allegedly enticed investors with a pre-public offering for a company that did not exist.
Regulation
SEC Charges Two for Allegedly Selling Fake Interests in Marijuana Firm
Alleged fraudsters used ill-gotten gains to buy luxury cars and a yacht.
Regulation
SEC Charges Convicted Criminal Over Fraudulent Coin Offering
Alleged perp in crypto-currency scam, Boaz Manor, said to dye his hair, grow a beard to hide identity.
Regulation
Top Fraudsters and Financial Crimes of 2019 in the UK
Eco-investment scheme tops list of more than 600 convicted frauds.
Regulation
SEC Charges CEO with Fraudulent Initial Coin Offering
Tech firm allegedly raked in $42 million by defrauding hundreds of investors.
Regulation
SEC Freezes Solar Panel Maker’s Assets Over Alleged Fraud
Executives allegedly used funds for yacht, sports cars, cosmetic surgery.
Regulation
Chicago Hedge Fund Adviser, Executives Charged with Fraud
SEC alleges firm overcharged investors by inflating fund values.
News
SEC Wants to Protect Teachers, Military Members from Getting Duped
New program would help employees avoid falling victim to securities fraud.
Regulation
Trustee Pleads Guilty to Defrauding Disability Charity Pension
Patrick McLarry admitted to stealing £250,000 from pension plan he oversaw.
Regulation
SEC Charges Adviser over Ponzi Scheme Targeting Haitians
Ruless Pierre, who targeted family and friends, could face 45 years in prison.