Frauds & Scandals

SEC Awards Over $50 Million to Joint Whistleblowers

April 15, 2021/US SEC The Securities and Exchange Commission today announced an award of over $50 million to joint whistleblowers whose information alerted SEC staff to violations that involved highly complex transactions and would have been difficult to detect without their information.  The joint whistleblowers provided exemplary assistance to the […]

SEC Charges Felon and Six Others in Oil-and-Gas Offering Fraud

April 14, 2021/US SEC The Securities and Exchange Commission today charged seven individuals, including criminal recidivist Richard Dale Sterritt, Jr., with defrauding investors through a multimillion dollar oil-and-gas offering fraud and related market manipulation scheme. The SEC’s complaint alleges that, between March 2018 and at least November 2020, Sterritt – who […]

Ponzi schemer Bernie Madoff dies in prison at 82

April 14, 2021/AP By MICHAEL BALSAMO and TOM HAYS Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died behind bars early Wednesday. He was 82. Madoff’s death at the Federal Medical Center in Butner, […]