-
Seven‑year forex Ponzi case ends with $3.5m judgment
A judge imposed trading bans, restitution, and civil penalties on unregistered commodity pool operator GDLogix and its founder after years of apparent misconduct and legal delays.
-
SEC bans ex-Merrill Lynch broker over fake fund scheme
The penalty also highlights the dangers of brokers using unapproved channels to communicate with prospective clients.
-
Prominent Georgia Republican charged with $140m investment fraud by SEC
The case highlights the dangers of investment fraud involving purported “bridge loans.”
-
SEC charges former US Marine with Ponzi-like securities fraud
The alleged scheme involved promises of steep returns on short-term loans secured by real estate.
-
SEC closes case on multi-million dollar healthcare investment fraud
The SEC secured over $17m in penalties against defendants who ran a fraudulent medical device investment scheme.
-
Final judgements for Ponzi scheme defendants Robert Allen Stanford and others
Final judgments in this action were against individuals and entities charged with perpetrating a massive $8 billion Ponzi scheme.
-
CFTC goes after companies, individuals who perpetrated $283m fraud
Another TD (this time, Traders Domain FX Ltd.) gets put in crosshairs for allegedly lying to customers about what it was doing with their money.
-
ASIC roundup: Suspicious gold vaults, ‘brazen and greedy’ fraud
The Australian Securities & Investments Commission’s latest actions and news, September 4 – 13, 2024.