Editors Picks

Marc Lubaszka, the ultimate white-collar conman on the run: From a Hollywood Hills mansion to Venezuela's illegal gold mines and back Disabled veteran Steve Gern: “It’s been nearly ten years of desperation” Around 2012, tens of investors across the country experienced nearly $2 million in combined losses with unregistered gold broker Marc Lubaszka. The SEC, the FBI and other law enforcement...

Regulation D Explained: What Are Regulation D Offerings in Real Estate Crowdfunding? Real estate crowdfunding, or the practice of funding a real estate investing venture by raising a small amount of money from a large number of people, typically over the internet, has been gaining in popularity over recent years. To that end, investors who hope to use this method to get...

Roger Ng Found Guilty of Conspiring to Violate the Foreign Corrupt Practices Act and Commit Money Laundering in Connection with 1MDB Scheme A former Managing Director of The Goldman Sachs Group Inc. (Goldman Sachs) was convicted last week by a federal jury in the Eastern District of New York for conspiring to commit bribery, to circumvent internal accounting controls, and...

Washington D.C. — The Securities and Exchange Commission has charged Haverford, PA-based Egan-Jones Ratings Company, a nationally recognized statistical rating organization (NRSRO) registered with the Commission in certain ratings classes, with violating conflict of interest provisions. The SEC also charged the company’s founder and chief executive officer, Sean Egan, with causing certain of those violations. The SEC’s order finds that,...

Los Ángeles (CA) – Situada a unos 50 kilómetros de San Francisco, Half Moon Bay es una pequeña localidad costera de California dedicada a la agricultura. Sobre sus colinas trabajan de sol a sombra campesinos latinos y asiáticos dedicados al cultivo de setas, alcachofas, coles de Bruselas o judías. Hace unos días, esta tranquila comunidad de inmigrantes ––muchos de...

Washington D.C. — The Securities and Exchange Commission today charged Richmond, California resident Tilila Walker Sumchai with raising approximately $11.8 million from more than 1,000 investors through a fraudulent securities offering targeting members of the Tongan American community across the United States. According to the SEC’s complaint, from approximately January 2021 through October 2021, Sumchai convinced retail investors to acquire...

SPACs Are All the Rage, but These Private-Equity-Like Vehicles Are Complicated. Here’s What You Need to Know. “Bet on me” is essentially the pitch that backers of blank-check companies known as special purpose acquisition companies, or SPACs, make to investors. While that’s usually not enough to persuade seasoned investors to part with their money, it has worked like a charm in...

Google is helping fake CBD review sites rank higher. The next time you search reviews for products online including CBD, Google may be giving you fake results. Search Engine Optimization SEO or Search Engine Optimization is a constantly evolving and volatile field. Google the largest search engine in the world has had its problems in recent years. In 2016 the search engine...

A Special Report: The Harrowing Impunity of White-Collar Crime (Part III) AN IMPORTANT NOTE: On June 22, 2021, Hadari Oshri –Marc Lubaszka’s business partner– filed a frivolous civil harassment restraining order (CHRO) against me to stop the publication of my investigative series “A Special Report: The Harrowing Impunity of White-Collar crime,” and any subsequent installments or future media coverage. On...

Defendants allegedly used funds from deceased beneficiaries’ accounts on golf tournaments and beach parties Washington D.C., May 2, 2022 — The Securities and Exchange Commission today announced fraud charges against Synergy Settlement Services, Inc., CEO Jason D. Lazarus, Esq., both based in Orlando, FL, and President Anthony F. Prieto, Jr. of Tampa, FL, for allegedly defrauding individuals with disabilities into...