Alabama Man Arrested for Hacking SEC’s Social Media Account
misleading announcement caused bitcoin's price to surge by over $1,000, but the SEC quickly regained control of its account and confirmed th
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Stephen Wick
Oct 107 min read
Federal Grand Jury Indicts Michigan Man for Defrauding Minerco Investors
The indictment states that Shumake was responsible for Minerco's daily activities and engaged in practices designed to artificially inflate
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Stephen Wick
Oct 23 min read
Toronto Dominion Securities Charged with Market Manipulation by SEC
The SEC's order reveals that between April 2018 and May 2019, the former trader entered misleading orders on one side of the market with no
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Stephen Wick
Oct 25 min read
SEC Charges Accountant and Firm in Major Securities Fraud Case
The complaint alleges that Oyebola provided false information to the auditor of one Tingo entity and assisted Mmobuosi in hiding the authent
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Stephen Wick
Sep 254 min read
SEC Accuses TrustToken & TrueCoin of Fraud in Stablecoin Investment Scheme, Along with Unregistered Securities Sales
The complaint also claims that TrueCoin and TrustToken misrepresented the investment opportunity as secure and reliable, asserting that TUSD
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Stephen Wick
Sep 164 min read
SEC Settles Charges with Seven Companies Over Whistleblower Protection Violations
These firms were charged under Rule 21F-17(a), which prohibits any actions that obstruct an individual's ability to report potential securit
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Stephen Wick
Sep 162 min read
John Deere Hit with $10 Million Fine for Thai Bribery Scandal Involving Massage Parlors and Luxury Trips
In 2017, Deere took over Wirtgen. Following this acquisition, Wirtgen engaged in bribery, offering cash, visits to massage parlors, and inte
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Stephen Wick
Jun 195 min read
Terraform and Kwon Ordered to Pay $4.5 billion as a Result of the Fraud Verdict
The SEC filed charges against Terraform and Kwon in the U.S. District Court for the Southern District of New York on February 16, 2023, alle
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Stephen Wick
Jun 126 min read
Joshua Goltry & JAG Capital Advisors LLC (JAG Advisors) Charged For Defrauding Investors: Guilty Plea Carries a Maximum Potential Sentence of 20yrs Imprisonment & a Fine
During this period, Goltry made false statements and deliberately omitted crucial information to entice potential investors. As an example,
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Stephen Wick
Jun 34 min read
Tech. Exec. confesses to committing fraud related to a fake $4 billion bid for Getty Images
Robert Scott Murray, the former CEO of 3Com, a prominent networking-equipment manufacturer, faced charges of securities fraud in 2006. It wa
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Stephen Wick
Apr 224 min read
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
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Stephen Wick
Apr 155 min read
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...
290
Stephen Wick
Apr 16 min read
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
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Stephen Wick
Mar 177 min read
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
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Stephen Wick
Mar 54 min read
The Securities and Exchange Commission (SEC) alleges Lordstown Motors misled investors about flagship electric vehicle
Lordstown was found to have breached various antifraud, proxy, and reporting regulations under federal securities laws. Without acknowledgin
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Stephen Wick
Mar 24 min read
Paul A. Pereira, the Former CEO and Co-Founder of Alfi, Inc, has been Charged by the SEC with Fraud for Allegedly Making False Statements on Social Media
Alfi's stock price was at its lowest in nearly two months, Pereira allegedly made false and misleading statements on social media and in a
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Stephen Wick
Feb 145 min read
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
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Stephen Wick
Feb 83 min read
FTC Mandate Demands Blackbaud to Erase Redundant Data, Enhance Safeguards to Resolve Allegations of Insufficient Security Measures Resulting in Data Breach
As a result of these security shortcomings, a hacker was able to access a customer's database hosted by Blackbaud in early 2020. The breach,
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Stephen Wick
Feb 64 min read
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
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Stephen Wick
Feb 24 min read
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
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