Tag: Fraud

An Illinois lawsuit alleges the plaintiffs resigned or retired, believing they would retain ownership in the firm.

Joshua Goltry ‘lied about nearly every aspect’ of his fund’s operations and performance, according to federal prosecutors and the SEC.

Gregoire Tournant allegedly lied to investors and distributed altered risk reports.

Nicholas Salzano agreed to a prison term of eight to 12 years for securities fraud, conspiracy to commit wire fraud and conspiracy to defraud the U.S.

The regulator alleges the now-defunct HyperFund was a ‘pyramid and a Ponzi scheme.’

The ninth distribution brings the total recovery to more than $4.2 billion over the past 10 years.

Premium Point had inflated the value of private funds it advised by hundreds of millions of dollars to hide poor performance.

Austin-based Fulcrum bought recovery rights from Madoff victims, then required them to conceal the proceeds to inflate the payments.

Red Rock Secured allegedly tricked victims into selling off 401(k) assets to invest in coins at an exorbitant markup.

Ohio and Texas pension funds were among investors who lost millions as a result of James Velissaris’ fraud.

Justice Department says total recovery from Ponzi scheme has now covered more than 88% of losses.

Prosecutors allege that Neil Phillips artificially drove the dollar-rand exchange rate lower to trigger a $20 million option payout.

Regulator says it is the largest fraudulent scheme involving the cryptocurrency in any CFTC case.

Nathaniel Chastain was arrested for what the Justice Department calls the ‘first ever digital asset insider trading scheme.’