Investment Fraud
Fraud News From World

Investment Fraud: Moody’s Investors Service Inc., Moody’s Analytics Inc. And Their Parent Agree To Pay For Worst Financial Crisis Since the Great Depression

January 14, 2017 FraudsWatch 0

Justice Department and State Partners Secure $864 Million Settlement With Moody’s Arising From Conduct In The Lead Up To The Financial Crisis Historic Settlement Involves Commitment by Moody’s to Improve Business Practices NEWARK, N.J. – The U.S. Department of Justice, 21 other states, and the District of Columbia [Read More…]

Financial Fraud, Investment Fraud
Fraud News From World

Investment Fraud: Seven Individuals Charged With Securities Fraud, Investment Adviser Fraud And Securities Fraud Conspiracy

December 19, 2016 FraudsWatch 0

Platinum Partners’ Founder And Chief Investment Officer Among Five Indicted In A $1 Billion Investment Fraud Two Additional Individuals Indicted In A $50 Million Bond Fraud Involving Black Elk Energy, One Of Platinum’s Largest Portfolio Companies BROOKLYN, N.Y. – An eight-count indictment was unsealed this morning in federal [Read More…]

Investment Fraud
Fraud News From World

Investment Fraud: Richard Wyatt Davis Charged With One Count of Wire Fraud and Three Counts of Tax Evasion

December 16, 2016 FraudsWatch 0

Mecklenburg Co. Man Facing Federal Charges In Connection With $19 Million Investment Fraud Scheme Defendant Misused Victim-Investors’ Funds to Pay for Vacation Homes, Vehicles, a Chef and Other Personal Expenses CHARLOTTE, N.C. – A Mecklenburg Co. man is facing federal charges in connection with an investment scheme that [Read More…]

Investment Fraud, Financial Fraud
Fraud News From World

Investment Fraud: Six Individuals Charged With Fraudulent High-Yield Investment Program – Cities Upliftment Program (CUP)

December 14, 2016 FraudsWatch 0

Manhattan U.S. Attorney Announces Charges Against Six Individuals In International High-Yield Investment Fraud Scheme Scheme Participants Impersonated Federal Reserve Officials to Swindle Over $50 Million from Investors in the United States and Foreign Countries Preet Bharara, the United States Attorney for the Southern District of New York, Angel [Read More…]

Investment Fraud
Fraud News From World

Investment Fraud: Joseph Taub and Elazar Shmalo Charged With Orchestrating a Massive, Long-Running Market Manipulation Scheme

December 12, 2016 FraudsWatch 0

Two Securities Traders Charged In Scheme That Netted $26 Million In Illicit Profits Manipulated $10 Billion Worth of Securities in Tens of Thousands of Transactions NEWARK, N.J. – Two New Jersey-based securities traders were arrested today and charged with orchestrating a massive, long-running market manipulation scheme that netted [Read More…]

Investment Fraud; Financial Fraud
Fraud News From World

Investment Fraud: JONATHAN LY Guilty to Insider Trading

December 5, 2016 FraudsWatch 0

Former Expedia IT Support Worker Pleads Guilty to Insider Trading Used Computer Network Credentials to Access Company Emails to Trade on Non-Public Information A computer support technician formerly employed at Expedia offices in San Francisco pleaded guilty today in U.S. District Court in Seattle to securities fraud, announced [Read More…]

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Financial Fraud
Fraud News From World

Investment Fraud: Ivan Valdes and 4 Other Charged for Investment Fraud and Kickback Scheme

September 25, 2016 FraudsWatch 0

Miami-Dade County Aviation Department Division Director and Four Others Charged in $5,000,000 Fraud and Kickback Scheme The Miami-Dade County Aviation Department Division Director and four others were  charged in a $5,000,000 fraud and kickback scheme. Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, Katherine [Read More…]