Tag: #fraud

SEC Accuses Meyer Global of Defrauding Retail Investors in Pre-IPO SpaceX Funds

The SEC charged Meyer Global and CEO Owen Meyer with misusing client funds, inflating statements and mishandling pre-IPO SpaceX investments.

#sec, #fraud, #spacex, #preipo

CFTC sues Cash FX Group, executives in alleged $950 million forex Ponzi scheme

The CFTC sued Cash FX Group, its CEO and three others, accusing them of a multilevel‑marketing forex Ponzi that raised $950M+ and caused at least $406M in losses.

#cftc, #forex, #ponzi, #fraud

GAO: Tax Fraud Likely Costs U.S. $116–$304 Billion a Year; IRS Lacks Agencywide Antifraud Strategy

GAO estimates federal tax fraud costs $116–$304 billion a year and says the IRS lacks an agencywide antifraud strategy and a designated coordinating office.

#tax, #irs, #gaoreport, #fraud

Feds Arrest Two, Charge Third in Los Angeles Homelessness-Fraud Probe Alleging $12M Diversion

Two Los Angeles-area nonprofit workers were arrested and a third charged in a DOJ probe alleging more than $12 million meant for homelessness programs was diverted.

#homelessness, #fraud, #losangeles, #doj

SEC Sues Three Former Tricolor Executives Over Alleged ABS Fraud

SEC filed a civil case Aug. 18 accusing three former Tricolor executives of double-pledging loans and falsifying data in ABS offerings before the lender's 2025 collapse.

#securities, #sec, #autolending, #abs, #fraud

CFTC Sues Goliath Ventures and CEO Christopher Delgado in $397 Million Crypto Ponzi Case

CFTC sued Goliath Ventures and CEO Christopher Delgado, alleging a $397M bitcoin/ether Ponzi that victimized about 1,600 customers.

#cftc, #crypto, #ponzi, #sec, #fraud

SEC Creates Financial Reporting and Accounting Unit to Target Accounting Fraud

On Aug. 5 the SEC announced a new Enforcement Division Financial Reporting and Accounting Unit, led by Timothy Zimmerman, to pursue accounting and reporting fraud.

#sec, #accounting, #enforcement, #securities, #fraud

Goliath Ventures CEO Pleads Guilty in Scheme That Took at Least $400 Million

Goliath Ventures CEO Christopher Delgado pleaded guilty to wire fraud and money-laundering for a crypto investment scheme that took at least $400M.

#crypto, #fraud, #doj, #florida

Former Goliath Ventures CEO Christopher Delgado Pleads Guilty in Crypto Fraud Case

Ex-Goliath Ventures CEO Christopher Delgado pleaded guilty to conspiracy, wire fraud and money laundering in a crypto scheme tied to hundreds of millions of dollars.

#cryptocurrency, #fraud, #finance, #goliathventures

Bitcoin Rodney Pleads Guilty to Unlicensed Money-Transmitting Conspiracy in HyperFund Case

Rodney “Bitcoin Rodney” Burton pleaded guilty June 15 in Maryland to conspiracy to operate an unlicensed money‑transmitting business in the HyperFund case.

#hyperfund, #cryptocurrency, #fraud, #doj

Former Hodlnaut CEO Charged in Singapore Over Alleged False Claims About UST Losses

Singapore police charged ex-Hodlnaut CEO Zhu Juntao with six fraud counts, accusing him of misleading users about the company’s TerraUSD exposure after UST’s 2022 collapse.

#hodlnaut, #terraust, #crypto, #fraud