Securities fraud
DALLAS (AP) — Texas Attorney General Ken Paxton won reelection Tuesday, adding to Republicans’ decades of dominance in the state’s top offices despite a slew of legal problems and dysfunction in his agency.
LOS ANGELES (AP) — A Southern California man who once competed on the Philippines national decathlon team was sentenced Monday to 17 1/2 years in federal prison for bilking investors out of more than $35 million with a phony scheme to market cannabis vape pens.
LOS ANGELES (AP) — A man who ran two California-based investment companies and frequently appeared as a TV financial news analyst was charged Wednesday with securities fraud for allegedly bilking clients out of millions of dollars, federal prosecutors said.
MINNEAPOLIS (AP) — A former oil industry executive from Minnesota who co-founded a facility that loaded crude from the North Dakota oil patch onto rail cars has been convicted in a stock manipulation scheme.
SOUTH BEND, Ind. (AP) — A former northern Indiana attorney who pleaded guilty to scamming elderly investors as part of a Ponzi scheme has been sentenced to more than 10 years in federal prison.
INDIANAPOLIS (AP) — A central Indiana man has been sentenced to seven years in federal prison for a Ponzi-like scheme that bilked more than two dozen investors out of their retirement savings.
NEWARK, N.J. (AP) — An investment fund manager from Philadelphia who orchestrated a $100 million securities fraud scheme has been sentenced to more than nine years in prison, according to federal prosecutors in New Jersey.
CHARLOTTE, N.C. (AP) — Two people have entered guilty pleas after federal prosecutors accused them of orchestrating a $4 million Ponzi scheme through a fake hedge fund, according to a news release.
Electric and hydrogen-powered truck startup Nikola has agreed to a $125 million settlement over charges that it defrauded investors after misleading them about its products, technical advances, and financial prospects.
NEW YORK (AP) — A former OppenheimerFunds analyst pleaded guilty Wednesday to a securities fraud charge alleging he used company secrets to collect over $8 million in illegal profits.
The Supreme Court has rejected an appeal from a former business partner of presidential son Hunter Biden who was seeking to overturn his criminal conviction for securities fraud.
An Ohio trader in penny stocks has been arrested on charges alleging he repeatedly lied to over 70,000 Twitter followers to earn over $1 million illegally in what authorities are calling a new twist on an old stock manipulation game.
LOS ANGELES (AP) — An aspiring actor pleaded guilty Monday to running a massive Ponzi scheme that raised at least $650 million from investors in phony Hollywood film licensing deals.
CHICAGO (AP) — A federal judge has acquitted the former CEO of a suburban Chicago manufacturing company of all charges in a case that accused him of inflating revenue reports by $24 million.
An Australian man who pleaded guilty to securities fraud for cheating investors in his cryptocurrency fund of over $50 million has been sentenced to over seven years in prison.
NEWARK, N.J. (AP) — An investment fund manager from Philadelphia has admitted orchestrating a $100 million securities fraud scheme, federal prosecutors in New Jersey announced Thursday.
LAS VEGAS (AP) — A federal judge in Nevada has revived elements of a securities fraud lawsuit seeking class-action status for allegations that executives at Wynn Resorts Ltd. knew about, but disregarded, reports of sexual harassment and misconduct against company founder Steve Wynn.
NEW YORK (AP) — Federal authorities say they are seeking a fugitive who tried to create a marketplace in the dark spaces of the internet for those with an appetite for inside information on stocks.
CAMDEN, N.J. (AP) — The chief operating officer of a Philadelphia-based technology startup company orchestrated a long-running securities offering fraud while simultaneously embezzling hundreds of thousands of dollars from the firm, according to federal prosecutors in New Jersey.
Republican George P. Bush says he’s running next year for attorney general of Texas. The 45-year-old son of former Florida Gov.
An aspiring actor was indicted in Los Angeles Tuesday on suspicion of running a massive Ponzi scheme that solicited hundreds of millions of dollars from investors for phony Hollywood film licensing deals.
NEW ORLEANS, April 09, 2021 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:
DOVER, Del. (AP) — A federal appeals court has overturned the convictions of four former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program.
COLUMBUS, Ohio (AP) — An Ohio woman who fled the United States for Mexico ahead of her sentencing in one of the biggest corporate fraud cases in decades is asking for early release from prison, citing poor health and fear of contracting the coronavirus behind bars.
SILVER SPRING, Md. (AP) — Three Maryland men presenting themselves as pastors targeted church members and other investors in a Ponzi scheme that defrauded victims out of more than $28 million, according to a federal indictment unsealed Friday.
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 GOP House Oversight investigator who helped steer some of the most notable probes of the Obama administr
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 night with the U.S.
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.
DETROIT (AP) — U.S. securities regulators are asking a federal court to oust Tesla Inc.'s Elon Musk as chairman and CEO, alleging in a complaint that he committed securities fraud with false statements about plans to take the company private.
NEW YORK (AP) — The smirk wiped off his face, a crying Martin Shkreli was sentenced to seven years in prison for securities fraud Friday in a hard fall for the pharmaceutical-industry bad boy vilified for jacking up the price of a lifesaving drug.
NEW YORK (AP) — A lawyer accused of helping pharmaceutical entrepreneur Martin Shkreli cover up financial fraud was convicted on Wednesday, a result a prosecutor said should send a “powerful message” through the legal profession.