Commodities Fraud

Cracks in the Foundation: NYCHA Scandal Exposes Rot at the Heart of Affordable Housing

Leave a Comment / Fraud News From World / By FraudsWatch

70 Current And Former NYCHA Employees Charged With Bribery And Extortion Offenses The news last week of 70 current and former New York City Housing Authority (NYCHA) employees charged with bribery and extortion sent shockwaves through the city and beyond. In what the Department of Justice called the largest single-day takedown of its kind, a

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Financial Fraud: Michael Watts Convicted For Illegal Stock Promotion And Manipulation Scheme

Leave a Comment / Fraud News From World / By FraudsWatch

Corporate Insider Convicted of Conspiring with Others at Long Island Boiler Room to Pump and Dump Stock on Unsuspecting Elderly Investors Illegal Stock Promotion and Manipulation Scheme Cost Victims Million of Dollars A federal jury in Central Islip returned a guilty verdict on all counts this afternoon against Michael Watts, a former registered broker, for

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Investment Fraud: DAVID MIDDENDORF And JEFFREY WADA Convicted Of Wire Fraud Charges In Connection With Their Scheme To Defraud The PCAOB

Leave a Comment / Fraud News From World / By FraudsWatch

Former KPMG Executive And Former PCAOB Employee Convicted Of Wire Fraud For Scheme To Steal And Use Confidential PCAOB Information Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced that DAVID MIDDENDORF, who was the National Managing Partner for audit quality at the accounting firm KPMG LLP (“KPMG”), and

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Financial Fraud: Emily Moerdermo Fu Sentenced For Mail Fraud And Defrauded Clients

Leave a Comment / Fraud News From World / By FraudsWatch

Realtor Sentenced For Stealing Millions From Clients ATLANTA – Emily Moerdermo Fu, a metro Atlanta realtor and businesswoman who defrauded clients out of over $22 million dollars over a two-year period, has been sentenced to seven years, three months for mail fraud. “While Fu was a well-respected real estate and financial professional, she took advantage

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Investment Fraud: Edward Durante Sentenced For Defrauding at Least 100 Investors of More Than $15 Million

Leave a Comment / Fraud News From World / By FraudsWatch

Recidivist Securities Fraudster Edward Durante Sentenced To 18 Years In Prison For Securities Fraud, Money Laundering, And Perjury Offenses Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced that EDWARD DURANTE, a/k/a “Ted Wise,” a/k/a “Efran Eisenberg,” a/k/a “Yulia,” a/k/a “Ed Simmons,” was sentenced today to 216 months in

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Securities and Commodities Fraud Second FBI

Leave a Comment / White-Collar Crime / By FraudsWatch

Thе continuing integration оf global capital markets hаѕ created unprecedented opportunities fоr U.S. businesses tо access capital аnd investors tо diversify thеіr portfolios. Whеthеr thrоugh individual brokerage accounts, college savings plans, оr retirement accounts, mоrе аnd mоrе Americans аrе choosing tо invest іn thе U.S. securities аnd commodities markets. Thіѕ growth hаѕ led tо а

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