Articles
How scams work, who they target, and what to do — explained in plain English.
Showing 121–150 of 387 articles (page 5 of 13)
A Texas federal court entered final judgments against Aras Investment, CEO Armando Gutierrez Rosas and four others in an SEC Ponzi case.
· 5 min read
GenesisAI and founder Archil Cheishvili settled SEC claims they misled 4,000+ crowdfunding investors about revenue, valuation and customer demand.
· 4 min read
Anthem Blanchard and Anthem Holdings agreed to settle SEC claims they misled about 200 investors in a $5 million Series A offering.
· 4 min read
The SEC sued Andrew Spaventa and three companies, alleging a pre-IPO boiler room raised $74M from 800+ mostly retail investors and hid about $23M in fees.
· 5 min read
The SEC sued Unicoin, CEO Alex Konanykhin and two ex-executives, alleging false 'asset-backed' token claims were used to sell to 5,000+ investors.
· 5 min read
The SEC sued Adam B. Rundle, alleging he stole a licensed professional's identity to sell a $1.5M 'guaranteed' SAFE in his firm Robinvest.
· 4 min read
A jury convicted Treashonna P. Graham, 42, of Lake City, Fla., on all 13 counts in the $2.9M 'Grant Bae' fake grant scheme aimed at business owners.
· 5 min read
Stephen Odiboh, 53, of Stone Mountain, Ga., got 33 months in a romance scam where a fake widower got a 77-year-old to send gift cards and checks.
· 4 min read
Paul Conneh, 39, of Moncton, N.B., got 33 months and $256,000 restitution for recruiting fake 'bail bondsmen' to collect cash in a grandparent scam.
· 4 min read
Ex-contractor Matthew Scott Banks, 43, pleaded guilty to 19 felonies incl. RICO; his plea caps prison at 25 years and sets $4.76M+ in restitution.
· 4 min read
Kerr Kriisa, 25, pleaded guilty to wire fraud after posing as 'Irene' to demand $9,000. Prosecutors allege a $2.2M scheme built on fake emergencies.
· 5 min read
Joshua Carradine, 49, and Angela Carradine, 61, each face 13 felony theft counts in an alleged $1M+ home sales and construction fraud in Nevada.
· 4 min read
Ex-letter carrier Destinee Ruffin, 29, of Indianapolis pleaded guilty to stealing checks from the mail and selling them in a $34M bank fraud conspiracy.
· 5 min read
Daejon Love, 35, and Taylor Chan, 18, are charged with wire fraud in an alleged dating-app scheme using a fake 49ers persona that took about $1.3M.
· 7 min read
Ankurkumar Patel, 44, of Brookfield, Wis., got 84 months for laundering over $1M in cash and gold taken from elderly 'Phantom Hacker' scam victims.
· 4 min read
Kishu Inu creator Alexander Sisemore, 28, of Fayetteville, Ark., is charged with wire fraud over an alleged $9M rug pull built on 'no team tokens' claims.
· 4 min read
SEC won judgments against BitConnect promoters Trevon Brown, Craig Grant and Michael Noble totaling about $5.7M over unregistered crypto sales.
· 5 min read
Oleg Korniev, 42, pleaded guilty to leading Your Mule Cashout, which used fake job offers to recruit 15,000+ U.S. money mules to move stolen bank funds.
· 5 min read
NY AG says Queens pharmacy owner Miguel Baron, 62, of Yonkers paid Medicaid patients kickbacks and resold HIV drugs to bill $31M+. He is presumed innocent.
· 5 min read
A jury convicted Joseph Rodriguez, 58, of Coral Springs of Medicare fraud for billing $15M+ in unordered blood tests at seniors' COVID-19 test events.
· 5 min read
FTC says Greenway Auto Group charged $3,350+ over advertised car prices in 92% of sales and sent fake prize mailers. It settled without admitting it.
· 6 min read
SEC wins final judgments against Francis Biller, Raymond Dove and three others over an alleged Colombia boiler room that pushed 18 penny stocks.
· 5 min read
SEC alleges Encinitas adviser Darren J. Caris kept winning trades and gave losers to 16 client accounts in 2023-24. The claims are unproven.
· 5 min read
Daniel Edward Warren, 29, of Edmonton faces more fraud charges after a fourth Winnipeg senior reported losing over $14,000 in a grandparent scam.
· 5 min read
Binghui Liu, 33, formerly of San Jose, pleaded guilty to laundering about $597,100 collected from 24 victims of a fake federal agent cash pickup scam.
· 5 min read
Abu Saleh, 47, of Atlanta is charged after deputies say he collected a decoy cash package in a Social Security impersonation scam targeting a senior.
· 5 min read
Prosecutors say MonsterCloud owner Zohar Pinhasi secretly paid ransomware gangs $8M+ while charging victim businesses $19M+ for 'proprietary' recovery.
· 5 min read
Troy Clinton Van Sickle pleaded guilty to taking over $1.8 million from two elderly women through fake romances, then obstructing the FBI investigation.
· 5 min read
Cleveland adviser Seku N. Shabazz is charged with embezzling staff 401(k) money, running a $1.2M Ponzi scheme and taking out a mortgage on others' home.
· 4 min read
Robert Welsh and Caedrynn Conner agreed to SEC judgments over the alleged $91M Vanguard JV Cash Program Ponzi; Kenneth Alexander II faces a default bid.
· 5 min read