Fraud

AN IMPORTANT NOTE: On June 22, 2021, Hadari Oshri –Marc Lubaszka’s business partner– filed a frivolous 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...

Two Florida men were sentenced Friday for leading a nationwide scheme to defraud the Paycheck Protection Program (PPP) for millions of dollars in loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The U.S. District Court for the Northern District of Ohio sentenced Phillip J. Augustin, 53, of Coral Springs, to...

Forcount Trader Systems' creator and promoters orchestrated $8.4 million fraud Washington D.C., Dec. 14, 2022 — The Securities and Exchange Commission today charged Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose Ramiro Coronado Reyes for their roles in creating and promoting Forcount Trader Systems, Inc., a fraudulent crypto asset pyramid scheme that raised more...

Spouse purchased stock using non-public information about planned merger Washington D.C. — The Securities and Exchange Commission this week charged Tyler Loudon of Houston, Texas, with insider trading ahead of a February 2023 announcement that London-based oil and gas company BP p.l.c. agreed to acquire TravelCenters of America Inc., a full-service truck stop and travel center company headquartered in Ohio....

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...

SEC Charges Seven California Residents in Insider Trading Ring Washington D.C. — The Securities and Exchange Commission has announced insider trading charges against three software engineers employed at Twilio, Inc., a San Francisco-based cloud computing communications company, and four family members and friends for allegedly generating more than $1 million in collective profits by insider trading ahead of the company’s...

Software Engineer Traded, Tipped Friend of Company’s Acquisition Plans Washington D.C. — The Securities and Exchange Commission today announced insider trading charges against David Roda, a former software engineer at Penn National Gaming’s subsidiary Penn Interactive Ventures, in connection with the parent company’s $2 billion acquisition of Toronto-based Score Media and Gaming, Inc. The SEC’s complaint, filed in federal district court...

Los Angeles (CA) – As we come out of the pandemic, scams and identity theft continue to be rampant, and consumers need to be on their toes and know how to protect their personal information. If you have received an email –like the one below– offering you $37,000 in financial hardship, unfortunately, it is a scam. I, myself, just received one...

The Israeli entrepreneur will have to pay mandatory attorney’s fees to the LA-based news reporter In a highly anticipated ruling, Commissioner Doreen Boxer granted journalist Aitana Vargas’s anti-SLAPP motion and dismissed Hadari Oshri’s petition for a civil harassment restraining order (CHRO) in a hearing held at the Los Angeles Superior Court this past Monday morning. Before granting the award-winning news correspondent’s...

SEC Uncovers $194 Million Penny Stock Schemes that Spanned Three Continents This week the Securities and Exchange Commission announced charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year fraudulent penny stock schemes that generated more than $194 million in illicit proceeds....