Regulation
Jack Abramoff Charged in Cryptocurrency Fraud
Lobbyist could face 10 years in prison for alleged role in touting digital asset that was purportedly superior to Bitcoin.
Tag: Fraud
Regulation
SEC Halts Brothers’ Alleged Cryptocurrency Offering Fraud
Sean and Shane Hvizdzak are accused of pocketing $26 million of investors’ funds.
Alternatives
15 Plead Guilty to International Cyber Fraud Conspiracy
Romanian conspirators sold non-existent cars and used bitcoin to launder proceeds.
Regulation
Convicted Officials Shouldn’t Get Public Pensions, Say North Carolina Lawmakers
Bill before legislature is sparked by anger over a county employee who won government retirement benefits after embezzling nearly $1 million.
Regulation
Movie Producer Accused of Defrauding BlackRock Fund
William Sadleir was arrested after allegedly using BlackRock investment to buy a mansion and a Tesla.
Regulation
SEC Appoints Receiver for Florida Firm Charged with Fraud
TCA Fund Management allegedly falsely inflated asset values by $130 million.
Regulation
Jury Finds Connecticut Investment Firm Defrauded its Clients
Westport Capital and owner Christopher McClure bilked clients with hidden fees to enrich themselves.
Regulation
SEC Stops Allegedly Fraudulent Hedge Fund Offering that Raised $39 Million
Manager is accused of misleading investors and using funds to buy luxury apartments.
Regulation
SEC Lets Steven Seagal Know He’s Not Above the Law
Actor and ‘Zen master’ agrees to pay more than $300,000 to settle charges he unlawfully touted an ICO.
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.
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.