An amended class-action complaint filed in the Southern District of New York alleged that memecoin platform…
Tag: Scheme
Financial Advisor Indicted in $9.5M Ponzi Scheme Spanning Decades
A Northern California financial advisor faces 20 years in prison after being indicted in a fraud…
Two Individuals Liked to Crypto Ponzi Scheme, OmegaPro, Charged by U.S. DOJ
The U.S. Department of Justice (DOJ) has charged two individuals for their role in OmegaPro, a…
US Charges Two Men Over $650M OmegaPro Crypto Scheme
The US has charged two men, alleging they operated and promoted a crypto investment scheme called…
Unsealed Genesis Lawsuit Alleges DCG ‘Alter Ego’ Scheme
A newly unsealed complaint from bankrupt crypto lender Genesis reveals internal communications at its parent company,…
Former CFA Institute Marketing Chief Indicted in $6M Embezzlement Scheme
Michael Collins, the former chief marketing officer of the CFA Institute, is accused of embezzling millions…
Australia Bans Financial Advisor For 10 Years Over Crypto Scheme
Australia’s markets regulator has banned a financial adviser from offering financial services for 10 years, alleging…
Marine Corps Veteran Charged in $2.5M Ponzi Scheme Targeting Fellow Military
A Marine Corps veteran defrauded dozens of investors (including several military members who served with him)…
Massachusetts Man to Plead Guilty in $3.2M Ponzi Scheme Targeting Haitians
A Massachusetts man fraudulently touting bona fides as an advisor will plead guilty to co-running a…
Advisor Pleads Guilty in $35M Ponzi Scheme
A self-proclaimed advisor who used an underwater scooter while attempting to flee federal investigators pleaded guilty…
Ex-Advisor Gets 3 Years Prison, Must Pay $4.15M for Client Fraud Scheme
A former financial advisor previously barred from the industry by FINRA will spend three years in…