DOVER, Del. (AP) — A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO Elon Musk from using his personal Twitter account to...
A Pennsylvania attorney has been charged with bilking his law clients out of more than $2.7 million in an investment fraud scheme, federal authorities said Tuesday.
BOSTON (AP) — An employee of a Boston-based biotech company became the second person to be sentenced in a scheme officials say was designed to manipulate the company's stock prices and defraud...
BOSTON (AP) — The founder and operator of an asset management firm pleaded guilty Monday to engaging in a securities fraud scheme that netted about $164 million, federal prosecutors...
INDIANAPOLIS (AP) — Two former senior management officials at an Indianapolis-based transportation and trucking company have been charged in a securities and accounting fraud scheme, according to...
WASHINGTON (AP) — The public impeachment inquiry hearings set to begin Wednesday will pit a Democratic attorney who built his reputation as a federal mob and securities fraud prosecutor against a...
WASHINGTON (AP) — The Supreme Court will consider taking away an important tool that federal securities regulators used last year to recoup $2.5 billion in ill-gotten gains in fraud...
ATHENS, Ga. (AP) — A former University of Georgia student pleaded guilty Friday to operating a $1 million Ponzi scheme from his fraternity house on campus, federal prosecutors said.
NEWARK, N.J. (AP) — An investment fund manager from Philadelphia is facing charges in New Jersey stemming from an alleged $100 million securities fraud scheme.
PHILADELPHIA (AP) — The founder of a green energy company who authorities say ran a Ponzi scheme that bilked investors out of millions of dollars has been sentenced to more than two decades in...
NEW YORK (AP) — A federal appeals court upheld the securities fraud conviction against former drug company CEO Martin Shkreli, known as "Pharma Bro," on Thursday, along with a $7.3 million...
NEW YORK (AP) — The Latest on a federal appeals court upholding the securities fraud conviction against former drug company CEO Martin Shkreli (all times local):
SALT LAKE CITY (AP) — The Utah Court of Appeals has affirmed an order for a Utah businessman convicted of running a Ponzi scheme to pay more than $10 million in restitution.
LOS ANGELES (AP) — A former Beverly Hills stockbroker has been convicted of fraud for a stock manipulation scheme that bilked investors out of $200 million.
NEW YORK (AP) — A federal appeals court heard arguments Friday over whether the securities fraud conviction against former drug company CEO Martin Shkreli, known as "Pharma Bro," should be thrown...
TRENTON, N.J. (AP) — A former municipal fire chief and investment manager is headed to prison for running Ponzi scheme that stole more than $10 million from his family, friends and fellow...
PHOENIX (AP) — Federal prosecutors say a Scottsdale securities broker and three others conspired to illegally convert shares of stock into a profit of hundreds of thousands of...
INDIANAPOLIS (AP) — An Indianapolis-based trucking company has agreed to pay $42.2 million in restitution to settle securities fraud charges stemming from falsely reporting inflated profits and...
WASHINGTON (AP) — The Supreme Court is rejecting arguments made by Justice Brett Kavanaugh when he was an appeals court judge in a case involving securities fraud.
DETROIT (AP) — A federal judge in New York will hold oral arguments next week in the government's contempt-of-court case against Tesla CEO Elon Musk.
BOSTON (AP) — The biggest school admissions scandal ever prosecuted began with a tip from an executive investigators were targeting in a securities fraud probe, a law enforcement official said...
DES MOINES, Iowa (AP) — A Nebraska man already convicted in his home state of securities fraud has been ordered to refrain from selling unregistered securities in Iowa.
DETROIT (AP) — Tesla CEO Elon Musk should not be found in contempt of court because he has complied with the terms of a securities fraud settlement, his attorneys wrote in documents filed Monday...
NEW YORK (AP) — Federal authorities said Friday they are investigating claims that Martin Shkreli has been running his pharmaceutical company from behind bars using a contraband...
WATERBURY, Conn. (AP) — Federal prosecutors have filed more charges against a former financial adviser in Connecticut who allegedly defrauded clients out of more than $1 million through a Ponzi...
JACKSON, Miss. (AP) — A second Mississippi man has been charged in a Ponzi scheme in which investors lost more than $85 million.
William McHenry of Canton pleaded not guilty Friday in...
PORTLAND, Maine (AP) — A former Portland developer accused of duping investors in a company he founded is facing federal wire and securities fraud charges, officials said Wednesday.
MIAMI (AP) — A Florida attorney has been sentenced to seven years in prison and ordered to pay $19.7 million in restitution for securities fraud.
Court records show that 77-year-old James Schneider was sentenced Thursday in Miami federal court. He was convicted in December of multiple charges, including conspiracy to commit securities and wire fraud. He must pay restitution to 2,156 investors, as well as forfeit $4.8 million.
SAN ANTONIO (AP) — A former Texas state senator who already has been sentenced to 12 years in prison for his part in a Ponzi scheme has received a 5-year prison term for a separate bribery count.
HOUSTON (AP) — The seventh and final defendant has been convicted in what federal prosecutors in Texas call a $40 million securities scam.
John David Brotherton of League City pleaded guilty Tuesday in Houston to conspiracy to commit wire fraud in microcap securities. The indictment defines microcap securities as low-share prices with little or no analyst coverage.
DENVER (AP) — A Colorado man has been sentenced to 76 years in prison for securities fraud.
The Denver Post reports 59-year-old Kelly James Schnorenberg was sentenced last month after a Douglas County District Court jury convicted him in October on 25 counts of security fraud totaling $16 million.
According to the state Department of Regulatory Agencies, the Lone Tree man bilked 240 investors.
AUSTIN, Texas (AP) — An attorney prosecuting Texas Attorney General Ken Paxton on criminal securities fraud charges is asking the state's highest court to reconsider a ruling that has left the future of the case uncertain.
Special prosecutor Brian Wice wants the Texas Court of Criminal Appeals to undo a November ruling that essentially denied his team $200,000 they've previously billed.
Paxton was indicted in 2015 on felony charges of duping investors in a tech startup. He has pleaded not guilty.
SALT LAKE CITY (AP) — A California man who was the founder and president of a natural gas and oil company in Utah faces charges in that state alleging he defrauded investors.
The Deseret News reports that the Utah Attorney General's Office on Friday charged 60-year-old Spencer Kent Barton of Fresno with multiple counts of securities fraud and other crimes.
NEWARK, N.J. (AP) — A British national has been charged in a plot to defraud investors out of hundreds of millions of dollars in connection with a health care company.
The U.S. attorney's office says Pavandeep Bakhshi was arrested at New York's JFK Airport over the weekend. He's scheduled to appear in federal court in Newark on Monday afternoon.
AUSTIN, Texas (AP) — The fate of the long-running criminal case against Texas Attorney General Ken Paxton, who has faced securities fraud charges since 2015, was thrown into further uncertainty Wednesday after a court ruled against prosecutors who have threatened to quit if they're not paid.
The decision is a victory for Paxton, a Republican, who was re-elected in November and has pleaded not guilty to charges alleging that he duped investors in a tech startup.
DETROIT (AP) — Australian telecommunications executive Robyn Denholm brings much-needed financial and auto industry expertise to her new role as Tesla's board chairwoman, but her biggest challenge is whether she can rein in a CEO with a proclivity for misbehavior.
Denholm, who has been a Tesla board member for nearly five years, was named to the post late Wednesday, replacing Elon Musk as part of a securities fraud settlement with U.S. government regulators.
CASTLE ROCK, Colo. (AP) — A Colorado man has been convicted on 25 counts of security fraud totaling $16 million.
The Denver Post reports a Colorado Department of Regulatory Agencies news release says Kelly James Schnorenberg, of Lone Tree, was convicted Oct. 22 by a Douglas District Court jury.
AUSTIN, Texas (AP) — Three years ago, criminal charges against Texas Attorney General Ken Paxton appeared to put his political future in peril.
He is still under indictment, having pleaded not guilty to two felony counts of securities fraud. But now the Republican is favored to win a second term in November, his wife is on the cusp of becoming a state senator and President Donald Trump singled him out as doing a "great job" at a recent midterm rally in Houston.
GREENBELT, Md. (AP) — A federal judge has scheduled a sentencing hearing next year for a Maryland investment adviser convicted of defrauding investors out of millions of dollars to finance her lavish lifestyle.
A jury convicted 56-year-old Dawn Bennett last week of charges including securities fraud, wire fraud and bank fraud. On Wednesday, U.S. District Judge Paula Xinis set Bennett's sentencing hearing for April 8, 2019.
DALLAS (AP) — Federal officials say a man who called himself the oil and gas "Frack Master" on cable television has agreed to serve 12 years in prison after pleading guilty to securities fraud and tax charges.
The U.S. Attorney in Dallas, Erin Nealy Cox, announced the plea deal Tuesday with Christopher Faulkner.
The Securities and Exchange Commission says it settled a lawsuit against Faulkner.
GREENBELT, Md. (AP) — An investment adviser was convicted Wednesday of charges she defrauded investors out of millions of dollars, some of which she used to pay more than $800,000 for prayers by Hindu priests in India to ward off federal investigators.
GREENBELT, Md. (AP) — The Latest on the federal trial of a Maryland investment adviser charged with carrying out a multimillion-dollar Ponzi scheme (all times local):
Jurors are heading home for the night without reaching a verdict in the trial of a Maryland investment adviser charged with orchestrating a multimillion-dollar Ponzi scheme to finance her lavish lifestyle.
SAN ANTONIO (AP) — A former Texas state senator who had already been convicted on federal fraud charges has pleaded guilty to a separate charge of bribery.
San Antonio Democrat Carlos Uresti admitted Friday to facilitating bribe payments to ex-Reeves County Judge Jimmy Galindo in exchange for favorable actions regarding a county medical services contract. Galindo himself pleaded guilty last year.
If Tesla CEO Elon Musk wants to return as chairman, shareholders will have to vote on it.
The requirement is detailed in a court brief filed jointly on Thursday by Tesla and the Securities and Exchange Commission. The brief was required by a federal judge who must approve a securities fraud settlement reached with Musk and the company last month.
MANCHESTER, N.H. (AP) — A New Hampshire man is accused of fraudulently soliciting money from investors for the construction and selling of so-called tiny homes.
The state Bureau of Securities Regulation has filed a fraud action against Jeffrey Lucero, of Manchester. Officials say he sold or offered to sell unregistered securities and defrauded investors by squandering their money, failing to disclose his poor financial condition and telling at least one investor he would match funds.
JERUSALEM (AP) — One of Israel's most prominent businessmen has entered prison to begin a three-year term for securities fraud.
Former IDB Holding Corp. controlling shareholder Nochi Dankner began his term Tuesday for his role in carrying out millions of dollars' worth of fraudulent transactions in an attempt to influence the share price of the troubled company.
SAN FRANCISCO (AP) — Elon Musk's future with Tesla Motors is clearer after the company settled a securities fraud lawsuit with the federal government, but there are other clouds hanging over the electric car maker.
NEW YORK (AP) — Tesla investors have taken a wild ride as Wall Street values the promise of one of the world's leading electric car makers, the hurdles the company faces as it tries to become a world-class manufacturer, and a mercurial CEO who can get the market buzzing with a single tweet.
DETROIT (AP) — The Latest on efforts by federal regulators to remove Elon Musk from his position as CEO and chairman of Tesla (all times local):
Tesla's stock plunged nearly 14 percent Friday, wiping out $7 billion in shareholder wealth after government regulators accused Elon Musk of committing securities fraud and sought to oust him as CEO of the electric car maker.
It marked the largest one-day decline in Tesla's shares in nearly five years.
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks struggled to a mixed finish on Wall Street as the market closed out its best quarter in nearly five years.
Gains by technology and health care companies were offset by losses in other sectors Friday, including banks and materials companies.
Chipmaker did especially well. Nvidia jumped 5.1 percent and Intel climbed 3.1 percent.