The Securities and Exchange Commission (SEC) is accusing professional sports bettor, William "Billy" Walters, and the former director of Dean Foods Company, Thomas Davis of securities fraud.
In the wake of the well-publicized Bernie Madoff investment scheme, the word "Ponzi" has become a familiar addition to the nation's vocabulary. Essentially, the Ponzi scheme is just another form of the pyramid scheme people have come to know. However, a Ponzi scheme has layer after layer of complications. Those who have been implicated, arrested or are under investigation for participating in a Ponzi scheme must seek legal assistance, and the faster the better.
New York authorities take a strong stance against domestic violence offenses. In fact, New York is a mandatory arrest state, which means if police officers deem probable cause exists, they are required by law to make an arrest. While the law is intended to protect possible victims from harm, it can put those innocent but accused of domestic violence in a terrible situation.
The U.S. Securities and Exchange Commission, or SEC, has filed a civil complaint against nine people in connection with an alleged stock fraud scheme. Reportedly, these same nine individuals also face criminal charges in a parallel case. The civil complaint alleges that the publisher of the newsletter, "Wall Street Buy Sell Hold," and eight others engaged in a scheme to manipulate ForceField Energy's stock in return for over $400,000 in kickbacks.
The latest data released by the United States Justice Department indicates that federal white collar crime prosecutions are the lowest they have been in 20 years. As of February 2016, the government showed only 451 new white collar crime cases in a report that reviews federal government activity when it comes to fighting instances of white collar crime.