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.
Accusations associated with Ponzi schemes warrant quick action
What must have occurred to warrant a domestic violence arrest?
9 charged with stock fraud and parallel criminal charges
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.
20-year low for federal white collar crime
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.
