Fraud & Scandals Subscribe to Fraud & Scandals

Dallas Oil-And-Gas Company, CEO Settle $8 Million SEC Fraud Suit

June 19, 2018/US SEC On June 19, 2018, the Securities and Exchange Commission charged a Dallas-based oil-and-gas company and its chief executive officer in connection with a series of allegedly… Read more »

Pastor Indicted for Scheme to Defraud Investors

18/6/2018/US SEC On May 22, 2018, the United States District Court for the Eastern District of Michigan unsealed an indictment charging Larry A. Holley of Grand Blanc, Michigan and Patricia… Read more »

Washington-Based Investment Adviser Settles Charges of Multi-Million Dollar Scheme

June 16, 2018/US SEC On June 7, 2018, a federal district court in the Western District of Washington entered a final consent judgment against Snohomish, Washington resident Ronald A. Fossum,… Read more »

SEC Obtains Final Judgments in California-Based Real Estate Investment Scheme

13/6/2018/US SEC The Securities and Exchange Commission has obtained final judgments against a group of Pasadena, Calif.-based companies at the center of a real estate investment scheme that the agency… Read more »

INNOSON LIED: Admits to Spreading False Information about GTBank and Supreme Court Judgment

12/6/2018/jspcommunications Innoson has today admitted that there was no Supreme Court judgement against GTBank. After falsely claiming a victory at the Supreme Court of Nigeria, Chairman of Innoson Motors, Dr… Read more »

SEC Charges Canadian Accountant with Insider Trading

June 12, 2018/US SEC The Securities and Exchange Commission today charged a Vancouver-based Chartered Professional Accountant with illegally trading in the securities of a Canadian oil and gas company, using… Read more »

SEC Charges Merrill Lynch for Failure to Supervise RMBS Traders

June 12, 2018/US SEC The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its… Read more »

Court Enters Consent Judgment against Robert M. Morano

June 11, 2018/US SEC The U.S. District Court for the District of Oregon entered a consent judgment against Robert M. Morano on May 16, 2018, in an insider trading case… Read more »

Bitcoin tumbles as hackers hit S.Korean exchange Coinrail

10/6/2018/Reuters South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, sparking a steep fall in bitcoin amid renewed concerns about security at virtual currency exchanges as global… Read more »

FirstBank Issues Public Statement on Contempt Orders

June 11, 2018/First Bank of Nigeria We are constrained to issue the following statement to set the records straight and correct the erroneous reporting contained in some media publications. RE:… Read more »