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DOJ, SEC charge ex-WAMCO CIO Ken Leech with fraud
The charges allege that Leech effectively siphoned money from unfavored portfolios into favored ones.
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Trading firm dinged for using buzzwords about purported AI capabilities
The SEC also accused the pair of lying to investors about Rimar’s assets under management.
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SEC and DOJ charge crypto financial services firms and developers for wash trading
Billing themselves as market makers, the alleged fraudsters were in the business of illicit wash trading and promotion.
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Austal USA hit with $24m penalty for fraudulently overstating profits
The company is accused of falsifying its profits and boosting its stock price by obscuring shipbuilding costs.
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SEC charges Drive Planning LLC and its CEO with fraud
The SEC accuses the company and its CEO Russell Todd Burkhalter of offering unregistered securities and operating a Ponzi scheme.
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SEC brings fraud charges against crypto startup that targeted prayer groups
Investment “cult” is accused of stealing $650m in Ponzi-like scheme.
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Former Boston Celtics star Paul Pierce latest celebrity to be fined by SEC over crypto promotion
Former NBA icon charged over unlawfully promoting EMAX tokens, and action taken against Milan Patel for profiting from spreading false rumors.