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Semisub's CEO, Resident of Honolulu, Convicted for Over $28M Investment Fraud Scheme
Jackson and his accomplice utilized investor funds to purchase upscale properties in Hawaii and California, a Mercedes-Benz car, extravagant
Stephen Wick
May 14, 20244 min read
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The US Department of Labor discovers an EV battery manufacturer put its workers at risk of serious health hazards following an investigation into a fire at the facility
OSHA has proposed only $75,449 in penalties, an amount set by federal statute. Joshua Turner, OSHA Area Office Director in Atlanta-East, ex
Stephen Wick
Apr 29, 20246 min read
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Attorney General James & Congressman Adriano Espaillat caution New Yorkers about real estate fraud: Emmanuel Rivera Ledesma in custody for carrying out a fraudulent scheme that swindled victims
In recent months, the Office of the Attorney General (OAG) and Congressman Espaillat have been flooded with complaints from both New Yorkers
Stephen Wick
Apr 24, 20246 min read
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Ponzi Scheme Founder Bags 13 Months in Jail
During the months of February and March 2021, Williams managed to persuade a woman from Mississippi to invest a substantial amount of $1,005
Stephen Wick
Apr 22, 20244 min read
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A California Resident, Living in Los Angeles, Confesses to Engaging in Insider Trading: A Maximum Prison Sentence of 20 years a Possibility
Bolandian was convicted of six counts of insider trading by the jury. He is set to be sentenced on July 15 and could face a maximum...
Stephen Wick
Apr 15, 20245 min read
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Genesis To Pay Penalty Exceeding $21 million to Settle SEC Charges Regarding Unregistered Crypto Lending Program, But Happen Following Bankruptcy Judgment
According to the SEC, Genesis loaned out crypto belonging to Gemini users and shared a portion of the profits with Gemini. Subsequently, Gem
Stephen Wick
Apr 1, 20246 min read
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The Federal Trade Commission Issues over $10 million in refunds to consumers who were affected by Response Marketing Group, LLC, as well as its affiliates Nudge, LLC, BuyPD, LLC, and their principals
These included claims that customers received special access to a funding network allowing them to conduct real estate deals without using t
Stephen Wick
Mar 25, 20247 min read
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CryptoFX LLC Charged By Securities and Exchange Commission (SEC) in Alleged $300 Million Crypto Asset Ponzi Scheme; Victims To Get Their Day in Court
The SEC stated that over 90% of investor funds were allegedly spent on luxury cars, credit cards, jewelry, adult entertainment, and real est
Stephen Wick
Mar 17, 20247 min read
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Choice Hotels Ends Attempt to Acquire Wyndham Hotels & Resorts: The Federal Trade Commission (FTC), Wyndham and Other Companies Breathe a Sigh of Relief
They saw it as a pro-competitive move that would generate significant value. Unfortunately for Choice, the reactions to their proposal were
Stephen Wick
Mar 13, 20247 min read
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FTC Moves to Ban Creators of Automators AI, formerly known as Empire Ecommerce, and Onyx Distribution For E-Commerce Money-Making Scheme
In a lawsuit filed in August 2023, the FTC alleged that Roman Cresto, John Cresto, and Andrew Chapman, in conjunction with various entities
Stephen Wick
Mar 5, 20244 min read
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SEC Orders More Than Sixteen Firms, Including Registered Broker-Dealers and Investment Advisers, to Pay Over $81 Million Combined in Settlement for Extensive Recordkeeping Failures
The SEC's investigations have uncovered a widespread and long-standing practice of using unapproved communication methods, known as off-chan
Stephen Wick
Feb 14, 20245 min read
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Chicago-based Aon Investments and its former partner, Claire P. Shaughnessy, have been hit with charges by the SEC for allegedly deceiving the Pennsylvania Public Employees' Pension Fund
Aon, without admitting or denying the findings, consented to a settled order acknowledging a violation of Section 206(2) of the Advisers Act
Stephen Wick
Feb 6, 20244 min read
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Paul Maucha, 58 Kenyan National Residing in Washington, D.C., Convicted of Advance Fee & Investment Fraud Scheme
Maucha has been found guilty by the jury on multiple charges, including conspiracy to commit wire fraud and engaging in monetary transaction
Stephen Wick
Feb 5, 20244 min read
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U.S. Securities and Exchange Commission Files Charges Today, Declaring the "Bitcoin Academy Online Crypto Course" As Fraudulent
SEC's complaint, Sewell urged hundreds of his online students to invest in the Rockwell Fund, a hedge fund that he promised to launch. He cl
Stephen Wick
Feb 2, 20244 min read
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Sam Lee, 35,of Dubai, Rodney Burton, 54, of Miami, & Brenda Chunga, 43, of Severna Park, Maryland; Three Individuals Charged for Roles in $1.89B Cryptocurrency Fraud Scheme
The promotional materials used by HyperFund allegedly contained false claims, misleading investors into believing that they would receive da
Stephen Wick
Jan 31, 20245 min read
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A Season of Scandal Leaves Memphis-Shelby Parents in the Dark on COVID Spending
‘We need to know where this money is going,’ one advocate said of the $776M in relief funds received by Tennessee’s largest district.......
Stephen Wick
Sep 3, 20232 min read
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