Fraud

Fraud

Kraft Settles Futures Market Manipulation Case

The company allegedly made more than $5 million in profits and savings from improper wheat futures trading.

Matthew Heller
August 16, 2019
Fraud

SEC Charges 1 Global CFO in Fraud Scheme

Regulators said Alan Heide was part of a scheme to fraudulently raise investor funds.
Fraud

SEC Freezes Accounts of Digital Token Promoter

Regulators said Reginald Middleton and his firm Veritaseum failed to register and fraudulently sold ‘VERI’ tokens.
Fraud

Former Brixmor Property CFO and CEO Charged with Accounting Fraud

The SEC charged the company and four former executives with manipulating non-GAAP measures.
Fraud

Ex-Illumina Accountant Accused of Insider Trading

Martha Bustos allegedly passed on tips about the biotech firm's quarterly results to a close friend as part of a $6 million scam.
Financial Reporting

Are Women CFOs Less Prone to Financial Misreporting?

In a study of thousands of U.S. companies over 11 years, those with female CFOs were much less likely to file financial reports containing misstatements.
Banking & Capital Markets

Israeli Company Defrauds SPAC Investors

To get a merger approved, the company, Ability, and two of its executives lied to investors about a "game changing" product, says the SEC.
Legal

Securities Fraud Class Actions Spike Again

Cases filed since the beginning of 2017 represent more than 20% of all such cases filed since 1997.
Fraud

Insys to Pay $225M to Settle Painkiller Probes

The maker of the fentanyl spray Subsys "is being held responsible for its role in fueling the opioid epidemic," a prosecutor says.
Fraud

SEC Charges Longfin CEO With Accounting Fraud

Venkata Meenavalli, who was previously accused of illegal stock distribution, is now also facing charges that he falsified nearly 90% of Longfin's revenue.
Fraud

Court Dismisses Suit Over CBOE’s ‘Fear Gauge’

A federal judge says investors failed to show the exchange intentionally designed a settlement process that made its VIX index vulnerable to manipulation.
Fraud

SEC Sues Alleged Cryptocurrency Pyramid Scheme Operator

Daniel Pacheco raised more than $26 million by selling e-commerce instructional packages to investors and used a point system to motivate them.
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