Regulation
SEC Charges Seven in $45 Million Pump and Dump Scheme
Kelly Kabilafkas allegedly promoted shares in Airborne Wireless Network, then dumped the stock.
Tag: Fraud
Risk
Cryptocurrency Firm Founder Indicted in Alleged Multimillion Dollar Scam
Kristijan Krstic, aka Felix Logan, allegedly absconded with $7 million of investors’ money.
FBI Arrests VC Firm Founder Over Alleged Investment Fraud
Derek Jones has been charged with wire fraud and identity theft in an allegedly multimillion dollar scam.
Regulation
Hedge Fund Founder Pleads Guilty to Neiman Marcus Bankruptcy Fraud
Daniel Kamensky pressured a rival investor to drop its bid for assets he wanted on the cheap.
Risk
Three Charged by SEC with Defrauding Hundreds of Digital Asset Investors
John DeMarr allegedly staged his own disappearance in Montenegro to avoid disgruntled investors.
CIO Pleads Guilty to Role in $100 Million Fraud
International Investment Group’s David Hu faces a maximum sentence of 45 years in prison.
Risk
Trader Charged in Alleged Cryptocurrency Scam
Jeremy Spence, aka ‘Coin Signals,’ allegedly claimed to have made a 148% return in one month when he actually lost money.
Russian Gets 12 Years in Prison for Hacking US Financial Institutions, Publishers
Andrei Tyurin targeted JPMorgan Chase Bank, E*TRADE, Scottrade, and The Wall Street Journal.
Risk
SEC Charges Las Vegas Business Owner for Alleged Role in Defrauding Elderly Investors
Ponzi scheme allegedly raised more than $170 million from approximately 1,100 investors.
Risk
SEC Charges 23-Year-Old Crypto Fund Manager with Fraud
Stefan Qin allegedly lied to investors about Virgil Sigma Fund’s strategy, assets, and financial condition.
Coronavirus - COVID-19
CEO Charged in Rapid COVID-19 Test Scam
Decision Diagnostics’ stock soared 1,500% in less than two months on allegedly false claims of a 15-second COVID-19 test.
Risk
Former Nanotech Firm CEO Charged with Fraud over Fictitious Cancer Detector
James Barbera allegedly told investors that his firm had a NASA-developed breathalyzer that could detect cancer and narcotics.
Regulation
Former Asset Management Firm COO Gets 3 Years in Prison for Fraud
Richard Diver admitted that the money he stole was consumed by his ‘wild’ personal spending.
Regulation
UK Hedge Fund Manager to Pay $170 Million to Settle SEC Charges
BlueCrest Capital Management allegedly misled investors about replacing traders with an underperforming algorithm.
Risk
SEC Charges Firm for Targeting Haitian-Americans in Alleged Fraud
The CEO told investors their money would help to fund agriculture, renewable energy, and ecommerce projects in Haiti.