Fraud

The DOJ Targets Fraud: 5 Things to Know
Fraud

The DOJ Targets Fraud: 5 Things to Know

The Department of Justice is redoubling efforts to pursue corporate wrongdoing and prosecute high-level executives.
By Russ Banham | February 18, 2022
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Hemp Startup Founders Accused of Stock Fraud
Risk & Compliance

Hemp Startup Founders Accused of Stock Fraud

The SEC says the two founders of CanaFarma Hemp Products raised $15 million by making false statements about the "farm to table" company.
By Matthew Heller | October 6, 2021
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Ex-Goldman Compliance Analyst Accused of Insider Trading
Risk & Compliance

Ex-Goldman Compliance Analyst Accused of Insider Trading

The SEC says a Spanish national abused his position in Goldman's compliance unit to make more than $471,000 in profits from insider trades.
By Matthew Heller | September 29, 2021
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Wells Fargo Fined $37M Over Forex Fraud
Risk & Compliance

Wells Fargo Fined $37M Over Forex Fraud

The bank's sales specialists allegedly charged forex customers higher markups on transactions than they represented the bank would charge.
By Matthew Heller | September 28, 2021
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Subprime Auto Securitization Was a ‘House of Cards’
Risk & Compliance

Subprime Auto Securitization Was a ‘House of Cards’

The former principals of Honor Finance misrepresented the quality of loans that they packaged into a $100 million securities offering, the SEC says.
By Matthew Heller | September 24, 2021
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SEC Brings First Crowdfunding Fraud Case
Risk & Compliance

SEC Brings First Crowdfunding Fraud Case

A Michigan businessman and two associates allegedly misrepresented that their crowdfunding offerings would raise money for cannabis real estate investments.
By Matthew Heller | September 20, 2021
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Ex-Controller Testifies in Trial of Theranos CEO
Risk & Compliance

Ex-Controller Testifies in Trial of Theranos CEO

So Han Spivey said Theranos provided investors with revenue projections that did not match the reality of its finances.
By Matthew Heller | September 15, 2021
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App Annie Fined $10 Million for Misusing Data
Risk & Compliance

App Annie Fined $10 Million for Misusing Data

The SEC says the mobile data and analytics firm used confidential information from app developers to induce trading firms to become subscribers.
By Matthew Heller | September 15, 2021
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Kraft Heinz Fined $62M for Accounting Fraud
Risk & Compliance

Kraft Heinz Fined $62M for Accounting Fraud

The SEC says the company's procurement division improperly recorded nearly 300 transactions to deliver unrealistic cost savings and inflate profits.
By Matthew Heller | September 3, 2021
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BitConnect Charged With $2B Crypto Fraud
Technology

BitConnect Charged With $2B Crypto Fraud

The crypto exchange platform allegedly misrepresented to investors that it would deploy their funds to trade bitcoin using a proprietary bot.
By Matthew Heller | September 2, 2021
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Ex-HeadSpin CEO Charged With Lying to Investors
Risk & Compliance

Ex-HeadSpin CEO Charged With Lying to Investors

The SEC says Manish Lachwani inflated the value of deals with customers to achieve high valuations for the mobile app testing startup.
By Matthew Heller | August 26, 2021
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Ex-Netflix Engineers Charged With Insider Trading
Risk & Compliance

Ex-Netflix Engineers Charged With Insider Trading

The SEC says the software engineers were part of a ring that made $3.1 million in illicit profits based on tips about Netflix subscriber growth.
By Matthew Heller | August 19, 2021
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Steering Clear of Ponzi Schemes
Risk & Compliance

Steering Clear of Ponzi Schemes

Recent examples show Ponzi schemes are still very prevalent and leave significant investor losses and hardships in their wake.
By Vincent Ryan | August 10, 2021
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DeFi Platform Fined $13M Over Crypto Offerings
Risk & Compliance

DeFi Platform Fined $13M Over Crypto Offerings

The SEC targets decentralized finance in alleging the founders of DeFi Money Market illegally sold more than $30 million in securities.
By Matthew Heller | August 9, 2021
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SEC Alleges Fraud in Space SPAC Merger
Risk & Compliance

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.
By Matthew Heller | July 15, 2021
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