Fraud

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.

Vincent Ryan
June 21, 2019
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

Major Landlord Accused of ‘Ponzi-Like’ Fraud

The SEC says Robert Morgan misused investor money from securities sales because his real-estate empire business empire "was in constant need of cash."
Fraud

Huawei CFO Argues for Halt to Extradition Case

Meng Wanzhou's lawyers said President Trump's comments about the case are evidence it is politically motivated.
Fraud

SEC Charges Bring Long Fraud Saga to a Close

Five years after GT Advanced Technologies went bankrupt, the company and its ex-CEO, facing overwhelming evidence, cop to SEC allegations.
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.
Fraud

Apple Supplier Accused of Lying About Contract

The ex-CEO of GT Advanced Technologies allegedly misled investors about the company's performance of an agreement to supply sapphire glass for iPhones.
Fraud

How to Blow the Whistle to the SEC

Becoming a whistleblower requires planning. For example, do you report the fraud internally first or go directly to the SEC?
Fraud

SEC Freezes Assets in Anadarko Trading Probe

Unknown traders allegedly stand to make $2.5 million in illicit profits from options trading ahead of Chevron's takeover bid for Anadarko Petroleum.
Fraud

Private Companies: Beware of SEC Scrutiny

The Securities and Exchange Commission is bringing case after case charging private companies and their executives with fraud.
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