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.Their scheme involved...
The term "white collar crime" was coined in 1939, back in the day when every good businessman wore a suit and a stiff white-collared shirt. Only common laborers wore dark shirts to help hide the dirt or dust from their jobs.The term has now become synonymous with...
The Securities and Exchange Commission (SEC) is investigating an investment business that is accused of misappropriating almost $4 million in funds from investors.What are the accusations? The business is accused of misleading investors on the use of the money that...
Many criminal cases are resolved before they ever make it to a trial. For the ones that do end up going to trial, there are often some misconceptions about what happens during these trials. It is imperative that any defendant who is taking their case to trial have a...
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.The man's family was there when the verdict...
Most people understand that insider trading is a bad thing that can get people in trouble. But fewer understand that it does not always constitute a criminal violation.In fact, some cases involving insider trading can result in just fines, which may admittedly be...
Mortgages are sometimes the biggest loans that a person will take out in a lifetime. The influx of money, even if it is earmarked for a house, can sometimes tempt people to do things that they wouldn't normally do. When there are untruths made during the process of...
More and more, law enforcement is relying on social media as a major investigative tool, and the courts are going with it because most social media use is not actually private in a legal sense. While it might be possible to post whatever you like online without...
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...
While most people had never heard of Platinum Partners, the hedge fund provided terrific returns, often in the double digits. That's on par with some of the biggest hedge funds and investment groups in this industry, so the results were shockingly good. Some might...