Fraud

Fraud

SEC Alleges Fraud in Space SPAC Merger

Space exploration startup Momentus and its blank-check partner allegedly misled investors in statements promoting the $1.2 billion deal.

Matthew Heller
July 15, 2021
Fraud

Three Sued Over Blockchain Firm Trading

The SEC says the controlling shareholder of Long Blockchain and two associates engaged in insider trading ahead of market-moving news.
Fraud

Trump CFO Weisselberg Charged With $1.7M Fraud

Prosecutors have "more or less thrown the book at Weisselberg and he may decide to save himself at the expense of others.”
Fraud

Mutual Fund Operators Accused of $100M Fraud

The SEC says Ofer Abarbanel and Victor Chilelli misappropriated investor funds to buy Treasury securities for themselves.
Fraud

uBiome Founders Charged With $60 Million Fraud

The SEC says Jessica Richman and Zachary Apte misrepresented that their biotech startup was generating reliable revenue from insurance reimbursements.
Fraud

Seven Accused of $45M Pump-and-Dump Fraud

Kelly Kabilafkas allegedly orchestrated a fraud that culminated in him and his associates dumping shares in Airborne Wireless Network.
Fraud

Coinseed Accused of Illegal Digital Token Sales

The crypto platform allegedly sold tokens without registering the offerings and misrepresented the financial services experience of its former CFO.
Fraud

Healthcare Firm Charged With $4 Million Fraud

Premier Healthcare Solution's founder allegedly did not disclose he had made "a living as a pseudoscientist marketing fake technologies."
Credit

Loan System Bugs Holding Up PPP Loans: AICPA

In a letter to the SBA this week, the AICPA said legitimate loan applications are being denied acceptance because they are being incorrectly flagged.
Fraud

Cryptocurrency Crime Fell Last Year

A report by CipherTrace finds that losses from cryptocurrency theft fell 57% in 2020.
Fraud

Luckin Coffee Fined $180M in Accounting Fraud

The SEC says the Chinese retailer fabricated more than $300 million in coupon sales to present a false picture of rapid growth to investors.
Fraud

Disbarred Attorney Charged With Microcap Fraud

Richard Rubin, who formerly worked for the SEC, allegedly collaborated with a Florida lawyer to issue phony opinion letters for microcap stock offerings.
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