La cadena española La Sexta TV difundió ‘fake news’ para influir en las elecciones presidenciales de 2016
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...
Tampa-based health insurance distributor and its former CEO accused of investment & consumer misrepresentation
Washington D.C. — The Securities and Exchange Commission this week announced charges against Health Insurance Innovations (HII) and its former CEO Gavin Southwell for concealing extensive consumer complaints about short-term and limited health insurance products HII offered. HII has since changed its name to Benefytt Technologies and become a private company.
According to the SEC’s order, from March 2017 through...
Empires Consulting Corp. hit with fraud charges over fake trading scheme
As scheme collapsed, defendants stopped investor withdrawals and relocated to Brazil
Washington D.C. — The Securities and Exchange Commission has announced fraud charges against Empires Consulting Corp. (EmpiresX), its founders Emerson Sousa Pires and Flavio Mendes Goncalves, and its head trader Joshua David Nicholas, for a scheme that allegedly raised at least $40 million by luring investors with false claims...
DOJ charges six individuals with cryptocurrency fraud over $100M in intended losses
The Department of Justice, together with federal law enforcement partners, has announced criminal charges against six defendants in four separate cases for their alleged involvement in cryptocurrency-related fraud, including the largest known Non-Fungible Token (NFT) scheme charged to date, a fraudulent investment fund that purportedly traded on cryptocurrency exchanges, a global Ponzi scheme involving the sale of unregistered crypto...
UBS to Pay $25 Million to Settle Fraud Charges
Washington D.C. — The Securities and Exchange Commission has announced that UBS Financial Services Inc. has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as YES, or Yield Enhancement Strategy.
According to the SEC’s order, UBS marketed and sold YES to approximately 600 investors through its platform of domestic financial...
Serial Fraudster Previously Extradited from Mexico Pleads Guilty to Multiple Investment Fraud Schemes
A California man was extradited from Mexico on March 8 and pleaded guilty today to conspiracy to commit mail fraud and wire fraud, mail fraud, and money laundering charges for two high-yield investment fraud schemes.
According to court documents, Daniel Thomas Broyles Sr., aka Dan Thomas, aka Daniel Cruz Torrez, 64, of Malibu, participated in a high-yield investment fraud scheme...
The exposé Hadari Oshri and her attorney tried to stop wins LA Press Club award
AN IMPORTANT NOTE: On June 22, 2021, Hadari Oshri –Marc Lubaszka’s business partner– filed a civil harassment restraining order (CHRO) against Investor News reporter Aitana Vargas to stop the publication of her investigative series “A Special Report: The Harrowing Impunity of White-Collar crime,” and any subsequent installments or future media coverage. On August 3, 2021, Vargas filed an anti-SLAPP...
SEC Adopts Rules to Require Electronic Filing for Investment Advisers and Institutional Investment Managers
Washington D.C. — The Securities and Exchange Commission has adopted amendments to require certain documents filed by investment advisers, institutional investment managers, and certain other entities to be filed or submitted electronically. The amendments also make technical amendments to modernize Form 13F and enhance the information provided. The amendments are intended to promote efficiency, transparency, and operational resiliency by...
SEC Charges Egan-Jones Ratings Co. and CEO with Conflict of Interest Violations
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,...
SEC Charges Firm and Five Brokers with Violations of Reg BI
Brokerage firm sold $13.3 million worth of high-risk bonds to retirees and other retail investors
Washington D.C. — The Securities and Exchange Commission has charged registered broker-dealer Western International Securities, Inc. and five of its registered representatives, or brokers – Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan – with violating Best Interest Obligation regulations (commonly referred...