NEW YORK, NY (January 20, 2025) – In a significant development underscoring the importance of robust anti-money laundering (AML) compliance, Dubai-based money exchange service provider, Wall Street Exchange (WSE), has entered into a non-prosecution agreement (NPA) with U.S. authorities, agreeing
ATLANTA, GA – In a stark reminder of the risks lurking within the often-opaque world of private investment, Craig Allen, the founder and executive officer of Atlanta-based C.M. Allen Capital Management, Inc., has been sentenced to seven years and two
The COVID-19 pandemic brought unprecedented challenges, not just in terms of public health but also in economic stability. To mitigate the financial fallout, the U.S. government implemented several relief programs, including the Economic Injury Disaster Loan (EIDL) and the Paycheck
In a significant move towards addressing systemic inequalities in the financial sector, the Justice Department has announced a landmark settlement with SouthEast Bank. The Tennessee-based institution has agreed to pay $1.5 million to resolve allegations of engaging in discriminatory lending
Philadelphia, PA – A prominent Pennsylvania investment advisor, Scott Mason, 66, of Gladwyne, faces a litany of federal charges including wire fraud, securities fraud, investment advisor fraud, and filing false tax returns, after allegedly orchestrating a sophisticated scheme that defrauded
WASHINGTON, D.C. – The United States Supreme Court has delivered a landmark decision in the closely watched case of TikTok, et al. v. Garland, upholding a recently passed law that compels the Chinese-owned social media giant TikTok to either divest
NEW YORK – In a significant blow to its reputation and finances, American Express Company (AMEX) has agreed to a hefty settlement exceeding $138 million after admitting to deceptive sales practices involving two of its wire transfer products, Payroll Rewards
WASHINGTON, D.C. – In a decisive move underscoring the U.S. government’s commitment to enforcing environmental regulations, the Department of Justice (DOJ) and the Environmental Protection Agency (EPA) have announced a landmark settlement agreement with French industrial conglomerate Fayat S.A.S. and
American Express, a titan in the financial industry, recently found itself in hot water after the United States Department of Justice (DOJ) levied a hefty $108.7 million civil penalty against the company. This significant settlement stems from allegations of deceptive
San Diego, CA – In a shocking case of fraud, a federal grand jury has indicted three individuals for allegedly swindling over 800 elderly authors out of more than $44 million. The scam, orchestrated through a company called PageTurner, Press
Elderly Authors Bilked Out of $44 Million in “Blockbuster Book Deal” Scam Read More »
