Wells Fargo, Rhode Island Agency Charged With Fraud
The U.S. Securities and Exchange Commission has charged a Wells Fargo & Co unit, along with a Rhode Island agency with securities fraud in relation to a bond deal for the now-bankrupt ...
Pennsylvania Pension Fund Dismissed from Investment Fraud Lawsuit
A New York City federal appeals court affirmed a previous ruling that excluded Pennsylvania’s Public School Employees’ Retirement System (PSERS) as a plaintiff from a fraud lawsuit. ...
NJ Man Pleads Guilty in Massive Ponzi Scheme
Jonathan Rosenberg pleaded guilty to conspiring to commit wire fraud in addition to a complex and lucrative Ponzi scheme. Rosenberg is required to pay back the $148,251,859 that his ...
Signature Bank Faces Lawsuit Over Ponzi Scheme
Signature Bank is being sued over a connection to a Ponzi scheme that cost investors $66 million.
The bank, which holds $33 billion in assets, allegedly helped money manager William ...
Mexican Man Faces 30 Years in U.S. Prison for $15 Million Cross-Border Investment Fraud
A Mexican man has been convicted in Texas for a $15 million investment fraud scheme and is facing up to 30 years in U.S. prison.
From the Associated Press:
Roberto Trinidad Del Carpio ...
Former Insurance Agent Released on House Arrest in Fraud Case
Samuel Bowron Phillips of Fort Smith, who is accused of stealing money from retirement accounts of investors in his companies and then gambling it away, was released on house arrest ...
Witnesses Afraid to Testify Against Shkreli in Securities Fraud Case
Pharmaceutical executive Martin Shkreli is under investigation for securities fraud within the pharmaceutical industry. However, according to prosecutors, several witnesses are afraid ...
American Growth Funding Charged with Fraud
American Growth Funding and it’s owner, Ralph Johnson, was charged with fraud after Johnson allegedly lied to investors who purchased high-yield securities, according a complaint ...
Former Minnesota Viking Found Guilty of Bank Fraud
A former NFL tight end has been found guilty in an ongoing Ponzi scheme case.
The Associated Press reports that Stu Voigt, who played for the Minnesota Vikings from 1970 to 1980, was ...
Banks to Pay $154.3 Million in Penalties for ‘Dark Pool’ Fraud Case
In a statement on Sunday, the New York Attorney General and the Securities and Exchange Commission said that two major global banks have reached a $154.3 million settlement in their ...
