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Alabama Man Arrested for Hacking SEC’s Social Media Account

Oct 174 min read

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

Federal Grand Jury Indicts Michigan Man for Defrauding Minerco Investors

Stephen Wick

Oct 107 min read

Investigations

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

Toronto Dominion Securities Charged with Market Manipulation by SEC

Stephen Wick

Oct 23 min read

Investigations

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

SEC Charges Accountant and Firm in Major Securities Fraud Case

Stephen Wick

Oct 25 min read

Investigations

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

SEC Accuses TrustToken & TrueCoin of Fraud in Stablecoin Investment Scheme, Along with Unregistered Securities Sales

Stephen Wick

Sep 254 min read

Investigations

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

SEC Settles Charges with Seven Companies Over Whistleblower Protection Violations

Stephen Wick

Sep 164 min read

Criminal Justice

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

John Deere Hit with $10 Million Fine for Thai Bribery Scandal Involving Massage Parlors and Luxury Trips

Stephen Wick

Sep 162 min read

Investigations

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

Minerco CEO Julius Jenge Arrested for Securities Fraud Over Alleged Scheme to Inflate Share Prices

Stephen Wick

Aug 294 min read

Criminal Justice

Minerco CEO Julius Jenge Arrested for Securities Fraud Over Alleged Scheme to Inflate Share Prices

Jenge is accused of hiding the involvement of a co-conspirator with a criminal background, who allegedly had control over all operations at

Dolton's Mayor, Tiffany Henyard, Under Federal Investigation Seen to Likely Be Involved in an Alleged Contractor Bribery Case

Stephen Wick

Jun 232 min read

Investigations

Dolton's Mayor, Tiffany Henyard, Under Federal Investigation Seen to Likely Be Involved in an Alleged Contractor Bribery Case

The village's financial records reveal that they paid a substantial amount of money to a company whose executives were accused of bribing a

Terraform and Kwon Ordered to Pay $4.5 billion as a Result of the Fraud Verdict

Stephen Wick

Jun 195 min read

Criminal Justice

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

Joshua Goltry & JAG Capital Advisors LLC (JAG Advisors) Charged For Defrauding Investors: Guilty Plea Carries a Maximum Potential Sentence of 20yrs Imprisonment & a Fine

Stephen Wick

Jun 126 min read

Criminal Justice

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,

Tech. Exec. confesses to committing fraud related to a fake $4 billion bid for Getty Images

Stephen Wick

Jun 34 min read

Criminal Justice

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

Crypto Firm Genesis Global Capital Agrees To Settlement Worth $2 Billion

Stephen Wick

May 225 min read

Investigations

Crypto Firm Genesis Global Capital Agrees To Settlement Worth $2 Billion

Attorney General James reaches $2 billion settlement with Crypto Firm Genesis Global Capital to compensate victims of fraud. Genesis Global

Genesis To Pay Penalty Exceeding $21 million to Settle SEC Charges Regarding Unregistered Crypto Lending Program, But Happen Following Bankruptcy Judgment

Stephen Wick

Apr 16 min read

Investigations

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

CryptoFX LLC Charged By Securities and Exchange Commission (SEC) in Alleged $300 Million Crypto Asset Ponzi Scheme; Victims To Get Their Day in Court

Stephen Wick

Mar 177 min read

Investigations

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

The Securities and Exchange Commission (SEC) alleges Lordstown Motors misled investors about flagship electric vehicle

Stephen Wick

Mar 54 min read

Investigations

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

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

Stephen Wick

Mar 24 min read

Investigations

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

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

Stephen Wick

Feb 145 min read

Investigations

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

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

Stephen Wick

Feb 64 min read

Investigations

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