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...
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.The Security and Exchange Commission...
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.Are states really using whistle-blowers to find securities fraud...
Securities fraud is a serious crime that is far from victimless. The victims of securities fraud can often end up as prey for stockbrokers and other people who are slick talkers. For victims of securities fraud, the humiliation and monetary losses are often great....
Six years ago, over glasses of wine, it is alleged that a client provided an investment broker information that Pfizer Inc. was going to acquire King Pharmaceuticals Inc. That little tip has led to accusations of insider trading that can land both men in prison for 20...
When we talk about securities fraud, you might think immediately of insider trading. Insider trading occurs when someone uses confidential information that is not available to the public to make investment and trade decisions. Knowing about this type of information...
A Ponzi scheme is an investment scheme that creates the illusion of wealth. It is often advertised as an investment tactic that is nearly too good to miss. People will often talk about how it can do well even when the economy is doing poorly, so the results are...
Many readers of this blog know of the golfer Phil Mickelson, who won five big golf championships and has numerous endorsement deals. The golfer was recently accused of insider trading, in a scandal that involved ex-investment banker Thomas Walters and Las Vegas sports...
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.The complaint states that Walters received confidential information from Davis...
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...