Newsmakers
International Fraud Ring Member Convicted in Scheme Targeting Hedge Fund
Mustapha Raji is found guilty of siphoning $1.7 million from a New York City hedge fund.
Tag: Wire Fraud
Regulation
NFT Marketplace Worker Charged With Wire Fraud and Money Laundering
Nathaniel Chastain was arrested for what the Justice Department calls the ‘first ever digital asset insider trading scheme.’
Newsmakers
Former CEO Gets Over 11 Years for ‘Massive’ Market Manipulation
AJ Discala was convicted of orchestrating pump and dump schemes through two reverse mergers.
Leader of Cryptocurrency Scam Targeting Doctors Pleads Guilty
The former UBS securities broker faces up to 20 years in prison for defrauding investors out of more than $30 million.
Asset Allocation
Former HeadSpin CEO Arrested in Alleged $80 Million Fraud
Manish Lachwani is accused of grossly overstating sales figures when courting investors.
Manager Selection
Investment Firm CEO Gets 5 Years in Prison for Securities Fraud
L-R Managers co-founder Donald LaGuardia has also been ordered to pay $6.6 million in fines and restitution.
Regulation
SEC, DOJ Charge Hedge Fund Trader in Alleged Front-Running Scheme
Sean Wygovsky is accused of taking in $3.6 million from insider trading at a Canadian asset management firm.
Investment Firm Owner Guilty of Insider Trading, Fraud Scheme
Donald Blakstad allegedly used material nonpublic information to rake in over $7 million
PE Fund CEO Charged With Lying to Secure $95 Million Loan
Elliot Smerling could face more than 60 years in prison for wire fraud, bank fraud, and identity theft.
Former Live Well CEO Convicted in $200 Million Bond Fraud
Michael Hild allegedly called his scheme to mismark bonds a ‘self-generating money machine.’
Five Charged in Offering Fraud, Stock Manipulation, Ranging from Oil to Pot
Prosecutors say the defendants unwittingly conspired with an undercover agent who was posting as a corrupt stock promoter.
Pensions
SEC Charges Hedge Fund Manager with $38 Million Fraud
Andrew Franzone allegedly used misappropriated funds to buy an airplane hangar for his race car collection.
Pensions
Fintech CEO Pleads Guilty to COVID Loan Fraud
Sheng-Wen Cheng claimed celebrities, athletes, and even a deceased Penn State football coach were on his payroll.
Risk
Tech Firm CEO Sentenced to 8 Years in Prison for Fraud
Daniel Boice pleaded guilty to defrauding 250 investors out of more than $18 million.
Risk
McAfee Indicted for Fraud, Money Laundering Conspiracy Crimes
Former software firm founder could spend the rest of his life behind bars if convicted.