Investors were deceived by artificial trading volume and price manipulation. The Securities and Exchange Commission (SEC) filed fraud charges against three companies and nine individuals for engaging in…
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Supreme Court Declines Appeal by Former Pharma Executive
The court upholds the $64 million penalty, holding the former CEO liable for price gouging and fraud. The Supreme Court declined to hear an appeal filed by former…
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Costa Rica, Dominican Republic, and Panama Join FTC’s International Agreement
The new partners will enhance cross-border collaboration on consumer protections from fraud and illegal practices. The Federal Trade Commission (FTC) announced that consumer protection agencies from Costa Rica,…
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SEC Charges Hacker for Insider Trading on Stolen Earnings Data
A U.K. citizen used sophisticated technology to hide his identity. The U.S. Securities and Exchange Commission (SEC) has charged a U.K. citizen for hacking into the computer systems…
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Treasury Department Takes Action on Mail Theft Check Fraud
Federal agencies and Postal unions call for stronger protections as mail theft-related fraud rises nationwide. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) reported a significant rise in…
Read MoreEsmark and Founder Settle SEC Charges Over False U.S. Steel Tender Offer
SEC fines Esmark Inc. and James Bouchard for announcing a $7.8 billion tender offer for U.S. Steel without having the financial means to complete the deal. The Securities…
Read MoreFTC Settlement Bars Sweepstakes Operator from Further Scams
Perpetrator’s prize promotions defrauded consumers of $28 million worldwide. The Federal Trade Commission (FTC) announced that Victor Ramirez has agreed to a settlement that permanently bans him from…
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VA Launches Call Center to Protect Veterans from Fraud and Scams
The department establishes the VSAFE website and call center for assistance. The Department of Veterans Affairs has launched resources to help protect U.S. veterans, service members, and their…
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Nashville Resident Arrested by DOJ for Assisting North Korean Weapons Program
The man allegedly ran a remote IT company to exclusively hire North Korean actors. The Department of Justice (DOJ) arrested Nashville resident Matthew Isaac Knoot for allegedly facilitating…
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Cable Company Settles Suit for Fraudulent FCC Funding Claims
The group allegedly claimed reduced-cost internet subsidies from 2008 to 2023. The Armstrong Group, a cable company cohort serving the Eastern United States, paid $6.5 million to settle…
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