Newsmakers
Firm Charged With Defrauding Disabled People Using Fake Trusts
The SEC alleges that Synergy Settlement Services used funds from deceased beneficiaries’ accounts for golf tournaments and beach parties.
Tag: Fraud
Newsmakers
Brother, Sister Charged in Alleged $124 Million Crypto Fraud Scam
John and Tina Barksdale allegedly defrauded thousands of investors through offerings of a digital token called Ormeus Coin.
Regulation
Crypto Companies Charged in $44 Million Ponzi Scheme
The owners of EmpowerCoin, ECoinPlus and Jet-Coin face charges of wire fraud, money laundering and obstruction of justice, among others.
Regulation
Former CIO Charged With Overvaluing Funds by $1 Billion
Infinity Q Capital Management’s James Velissaris allegedly pocketed nearly $27 million in ill-gotten fees
Regulation
Regulators Accuse Investment Firm of Preying on Elderly
The SEC and CFTC allege an LA firm continues to target mostly elderly or retirement-aged victims as part of a precious metals scam.
Regulation
HeadSpin Avoids SEC Penalty Through Remediation
CEO Manish Lachwani allegedly falsely inflated the software firm’s revenue by $800 million.
Regulation
SEC Charges Adviser With Fraudulently Operating Private Fund
Anthony Cottone allegedly raised nearly $3 million using false and misleading representations, and misappropriated funds.
Newsmakers
Ride-Hailing Apps Drove Him to Crime, Says SEC
A taxi medallion investor hurt by the success of Uber and Lyft allegedly committed fraud to boost his stock.
Newsmakers
Real Estate PE Firm Founder Sentenced to 5 Years for Fraud
Eric Malley pleaded guilty to scamming over 300 investors out of approximately $58 million.
Risk
Cryptocurrency Trader ‘Coin Signals’ Pleads Guilty to Commodities Fraud
Jeremy Spence, whose trades consistently tanked, lured investors with tales of 148% returns.
Regulation
Crypto Promoter Charged With Scamming Investors Out of Millions
The SEC alleges Ryan Ginster promised ‘astronomical’ returns of 8% per day.
Regulation
SEC Whistleblower Program Has Record Year in Fiscal 2021
The regulator gave $564 million to 108 tipsters, while distributing $521 million to harmed investors.
Regulation
SEC’s SPAC Scrutiny Leads to $38.8 Million Music Service Settlement
The regulator says it is ‘intently focused on SPAC merger transactions.’
Asset Allocation
Credit Suisse to Pay Nearly $500 Million to Settle Mozambican Bond Charges
The investment bank was charged with financial crimes involving kickbacks and bribes to government officials.
Wisconsin Adviser Charged With Defrauding Elderly, Ill Clients
The SEC alleges Michael Shillin betrayed more than 100 clients, with ‘devastating’ results