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.
Tag: Fraud
Risk
SEC Charges Las Vegas Business Owner for Alleged Role in Defrauding Elderly Investors
Ponzi scheme allegedly raised more than $170 million from approximately 1,100 investors.
Risk
SEC Charges 23-Year-Old Crypto Fund Manager with Fraud
Stefan Qin allegedly lied to investors about Virgil Sigma Fund’s strategy, assets, and financial condition.
Coronavirus - COVID-19
CEO Charged in Rapid COVID-19 Test Scam
Decision Diagnostics’ stock soared 1,500% in less than two months on allegedly false claims of a 15-second COVID-19 test.
Risk
Former Nanotech Firm CEO Charged with Fraud over Fictitious Cancer Detector
James Barbera allegedly told investors that his firm had a NASA-developed breathalyzer that could detect cancer and narcotics.
Regulation
Former Asset Management Firm COO Gets 3 Years in Prison for Fraud
Richard Diver admitted that the money he stole was consumed by his ‘wild’ personal spending.
Regulation
UK Hedge Fund Manager to Pay $170 Million to Settle SEC Charges
BlueCrest Capital Management allegedly misled investors about replacing traders with an underperforming algorithm.
Risk
SEC Charges Firm for Targeting Haitian-Americans in Alleged Fraud
The CEO told investors their money would help to fund agriculture, renewable energy, and ecommerce projects in Haiti.
Regulation
Lawyer Gets Over Six Years in Prison for Ponzi Scheme
Todd Lahr took more than $2.7 million from his own law clients for purported Papua New Guinea mining operations and used it for personal expenses.
Regulation
Ex-Trader Gets More Than 5 Years in Prison for Ponzi Scheme
Paul Rinfret pleaded guilty to defrauding investors of more than $19 million
Regulation
SEC Charges Biotech Head with Using Pandemic to Defraud Investors
Arrayit's president said to lie about firm having COVID-19 blood test.
Regulation
Investment Firm Head Sentenced to More Than 7 Years in Prison for Pre-IPO Fraud
Fred Elm falsely told investors they could invest in Twitter, Alibaba, and Uber prior to their IPOs.
Risk
Former Associates of Rudy Giuliani, Lev Parnas, David Correia, Charged with Conspiring to Defraud Investors
Prosecutors allege their firm, ‘Fraud Guarantee,’ was a guaranteed fraud.
Risk
International Fugitive, Disbarred Lawyer Charged in Cryptocurrency Scam
Randy Levine, a man of many aliases, had been on the lam for 15 years before getting caught in Austria.
Regulation
Hollywood Runs Afoul of the SEC
Financial regulator settles charges with movie financier, producer, and actor/rapper in two separate cases.