Editors Picks

Washington D.C. — The Securities and Exchange Commission today charged New Jersey-based National Realty Investment Advisors LLC (NRIA) and four of its former executives with running a Ponzi-like scheme that raised approximately $600 million from about 2,000 investors. The SEC’s complaint alleges that beginning in 2018, NRIA and its executives raised funds by promising investors their money would be used...

The Securities and Exchange Commission today charged 18 individuals and entities for their roles in a fraudulent scheme in which dozens of online retail brokerage accounts were hacked and improperly used to purchase microcap stocks to manipulate the price and trading volume of those stocks. Those charged include Rahim Mohamed of Alberta, Canada, who is alleged to have coordinated...

A federal jury in Atlanta convicted a South Carolina man today of fraudulently obtaining a $300,000 forgivable Paycheck Protection Program (PPP) loan guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. According to court documents and evidence presented at trial, Travis Crosby, 32, of Wellford, conspired to submit a PPP loan application...

Former CEO Agrees to Settle to Same Charges and Pay $1 Million The Securities and Exchange Commission today charged The Boeing Company and its former CEO, Dennis A. Muilenburg, with making materially misleading public statements following crashes of Boeing airplanes in 2018 and 2019. The crashes involved Boeing’s 737 MAX airplane and a flight control function called the Maneuvering Characteristics...

Los Angeles (CA) – Probably 2021 was not a year for the books for Hadari Oshri. And things aren't looking up in 2022 either. Last year, the American-Israeli entrepreneur lost her meritless restraining order case against me. My anti-SLAPP court win was a powerful reminder of why First Amendment Rights are celebrated, honored and protected by Americans. And as an...

The Securities and Exchange Commission today charged two North Carolina-based executives, Gregory E. Lindberg and Christopher Herwig, and their Malta-based registered investment adviser, Standard Advisory Services Limited, for defrauding clients out of more than $75 million through undisclosed transactions that benefited themselves and their companies. According to the SEC’s complaint, from July 2017 through 2018, Lindberg and Herwig, through Standard...

Hadari Oshri sued by Major Gloves Inc. for $225,000 for failure to deliver home test kits A1A Management, which Oshri co-owns with Pat Seller, is also named in the lawsuit Hadari Oshri, whose real name is Hadar Oshri, is being sued by Major Gloves Inc for $225,000 along with her many alter egos: Krista Collinsworth, Kristy Green, Michaela Lake and Haily...

Alleged Fraudulent Blockchain Scheme Spanned Multiple Countries Including U.S., Russia The Securities and Exchange Commission today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including in the United States. Those charged include the four founders of Forsage, who...

A través de un comunicado, el Sindicato Nacional de Escritores (NWU) condena la corrupción periodística de Antonio García Ferreras, director de la televisora española La Sexta, por influir en las elecciones presidenciales de España usando “fake news” New York (USA) – El Sindicato Nacional de Escritores (NWU) de EEUU condena tajantemente la manipulación informativa y la praxis antiprofesional y antidemocrática...

Defendant Defrauded Investors of Over $6 Million A federal jury convicted a New York man this week in connection with a scheme to defraud investors by marketing and selling fraudulent virtual currency. According to court documents and evidence presented at trial, Randall Crater, 51, of East Hampton, founded My Big Coin Pay Inc. (My Big Coin), a purported cryptocurrency and virtual...