Fraud

Fraud

Billionaire Robert Brockman Charged in $2B Tax Fraud Scheme

Officials said the fraud is the largest ever such case brought against an American.

William Sprouse
October 16, 2020
Fraud

Wells Fargo Fires Over 100 Employees for Alleged COVID-19 Relief Fraud

The bank’s internal investigation found up to 125 employees applied for relief intended for small businesses.
Fraud

SAExploration Accused of Accounting Fraud

The alleged multi-year fraud falsely inflated the company’s revenue and concealed the theft of millions of dollars.
Fraud

Cybersecurity Tycoon Accused of Touting ICOs

The SEC says John McAfee promoted initial coin offerings without disclosing that issuers paid him more than $23 million for his promotions.
Fraud

Ex-Amazon Employee Accused of Insider Trading

The manager in Amazon's tax department allegedly made illegal trades with two family members ahead of the company's earnings announcements.
Fraud

Biotech Exec Charged With COVID Test Fraud

The SEC says Arrayit President Mark Schena falsely claimed the company had developed a test and it was awaiting emergency FDA approval.
Fraud

Power Solutions Fined for Accounting Fraud

The engine maker's former CEO and two other executives allegedly orchestrated transactions to inflate the company's revenue by almost $25 million.
Fraud

Three Former Manitex Execs Charged With Fraud

Former CFO Michael Schneider and two colleagues allegedly engaged in schemes that resulted in the crane maker’s revenue and profit being overstated.
Regulation

SEC Drops Proposed Whistleblower Award Rule

The commission recognized “the importance of paying awards to whistleblowers and the invaluable contributions whistleblowers make to protecting investors."
Fraud

S&P Index Manager Charged With Insider Trading

James Yang allegedly traded in options after he learned in advance that their issuers would be added to or removed from one of S&P Dow Jones' three indices.
Auditing

Deloitte Fined Record $19M Over Audit Failures

A U.K. investigation found the Big Four firm liable for “serious and serial failures” in its audits of software firm Autonomy.
Fraud

Fraud Prevention Firm’s Ex-CEO Charged With Fraud

Adam Rogas, a co-founder of NS8, was "the proverbial fox guarding the henhouse," a prosecutor says in announcing his arrest.
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