Former Adviser Gets Nearly 6 Years in Prison for Fraud
Gary Basralian admitted to stealing at least $2 million from his clients.
Tag: Fraud
Regulation
Adviser Charged with Defrauding NFL Players with Brain Injuries
SEC alleges Phillip Howard took advantage of ‘vulnerable investors’ to line his pockets.
SEC Charges ‘Guru’ in Alleged Fraudulent Digital Token Offering
Connected ‘political figure’ who invested $1 million was among the scam’s victims.
Hedge Fund CEO Arrested in Alleged $105 Million Fraud
Charges against Brenda Smith could bring maximum of 100 years in prison.
SEC Charges Former CFO with Defrauding Thousands of Investors
1 Global Capital’s Alan Heide allegedly knowingly signed off on overvalued statements.
Millions at Risk of Falling for Pension Scams
UK Regulators warn public to be wary of tactics used to pilfer their savings.
Supreme Court Widens Scope for Fraud Claims
Supports SEC in allowing agency to hold individuals liable even if they did not make a statement deemed fraudulent.
Hedge Fund Manager Gets a 14-Year Prison Sentence for Fraud
Raymond K. Montoya’s Ponzi scheme victims included family, friends, and acquaintances.
Newsmakers
Former State Street Head Sentenced to 18 Months for Fraud
Ross McLellan and others were adding secret commissions to fixed-income, equity trades with institutional clients between 2010 and 2011.
SEC Stops Microcap Fraud Scheme
More than a dozen international regulators helped unravel conspiracy.