Fraud

Artificial Intelligence

Machine Learning Startup Was a Sham, Says SEC

Founder Shaukat Shamim "drummed up interest in [YouPlus] by providing false information about its financial performance and customer base."

Vincent Ryan
July 20, 2020
Regulation

Tuesday Regulatory Update: The Winds of Fraud

Swap fraud; wind turbine con; holding firm on LIBOR switch; and more.
Regulation

Alexion Fined $21M in Foreign Corruption Probe

The SEC says the biotech firm made improper payments to Turkish and Russian officials to secure favorable treatment for its main drug.
Credit

Watchdog Warns of ‘Significant’ PPP Fraud Risk

The GAO says "minimal" underwriting standards left the $670 billion small business rescue program vulnerable to fraud.
Investor Relations

Anatomy of a Short Attack

The current conditions of the COVID-19 pandemic have created a perfect storm for companies that are subject to an attack by short-sellers.
Fraud

Aviron Pictures Founder Accused of $25M Fraud

The SEC says William Sadleir defrauded a BlackRock fund by using money it had invested in Aviron for personal expenses including a Beverly Hills mansion.
Fraud

SEC Accuses Praxsyn of Virus-Related Fraud

The health-care company allegedly made bogus claims it had created a “direct pipeline from manufacturers and suppliers to buyers” of N95 masks.
Fraud

International Crime Scholar Pleads Guilty in Money-Laundering Case

Bruce Bagley said he knew the funds were connected to corrupt projects in Venezuela.
Fraud

Special Report: Fixing Some Holes

Reforms to insider trading law could provide clarity, but they could also lead to more aggressive prosecutions.
Fraud

Ironclad Execs Accused of $6M Accounting Fraud

The SEC says former CFO William Aisenberg and two colleagues improperly recognized revenue to inflate the work glove maker's revenue by as much as 24%.
Fraud

Luckin Coffee Crashes After Company Admits COO ‘Fabricated Transactions’

Those involved in the scheme allegedly fabricated $310 million in total sales and inflated certain costs and expenses.
Hiring

Good Controller/Bad Controller

The “goldilocks” controller has the right mix of skills and interests for your current challenges with the ability to scale the company.
1 2 3 … 74

Latest Articles

The Economy

U.S. Job Gains Slow to 1.8M in July

August 7, 2020
Regulation

Capital One Fined $80 Million Over 2019 Hack

August 7, 2020
Regulation

SEC Charges Consumer Loan Company With FCPA Violation

August 7, 2020
Mobile

Trump Signs Executive Orders to Ban TikTok, WeChat

August 7, 2020
People

CFOs On the Move: Week Ending August 7

August 7, 2020