Securities fraud is usually the result of false or misleading statements about a company or stock -- or omission of important information about a company or stock. When others make investment decisions as a result of the misrepresented or omitted information, and they suffer financial damages, it could give rise to a securities fraud claim.
Charges were filed against two New York businessmen by the Securities and Exchange Commission on Jan. 27, 2017. It is alleged that they were responsible for running a complex Ponzi scheme that duped investors out of more than $81 million dollars.
The Securities and Exchange Commission (SEC) is investigating an investment business that is accused of misappropriating almost $4 million in funds from investors.
A man who used to work for Visium Asset Management LP, as a portfolio manager, just went before a jury in New York. They only needed about 90 minutes to decide he was guilty of wire fraud, conspiracy, and securities fraud.
People who have lost money because of securities fraud have several different options that they can consider when they want to try to recoup their money. In most cases, this is a difficult process that will be fairly drawn out; however, this doesn't mean that it is impossible.
Another one of the executives of the now-defunct Kit Digital video management software and service company has been arrested for a combination of conspiracy, securities fraud and wire fraud. He's the seventh person to end up facing criminal charges since Kit Digital went into bankruptcy in 2013.
People who deal with securities and information about publicly traded companies have to be careful about what they say and do. It is possible for a person to face criminal charges if he or she makes false claims that others use to make decisions about investments.
Identity theft is one of the fastest-growing areas of criminal prosecution, at least within the family of white collar crimes. That is partially because the proliferation of electronic record-keeping and commerce has opened new opportunities for forgery and other forms of fraud that are part of the foundation of these crimes, but it is also because identity theft laws have criminalized some behaviors and raised the penalties on others, leading to situations where people often fail to understand whether something they are doing constitutes identity theft.
A Wall Street executive with a reputation of "Diva of Distressed" took the stand to testify at a civil proceeding accusing her of fraud. The woman has a reputation for turning distressed companies around and making them profitable.
It is not uncommon for federal regulators to make use of whistle-blowers to help prosecute allegations of securities fraud. In a new twist, some states are looking to use these informants as well.