Markets

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...

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...

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...

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...

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...

A federal jury in Detroit convicted a Michigan man today for a wire fraud and money laundering scheme to obtain more than $4.1 million in Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. According to court documents and evidence presented...

SEC Charges New Jersey Software Company and Senior Employees with Accounting-Related Misconduct Synchronoss Technologies to Pay $12.5 Million to Settle Charges, Former CEO to Reimburse Company Washington D.C. — The Securities and Exchange Commission today charged Bridgewater, NJ-based Synchronoss Technologies, Inc. and seven senior employees, including the former CFO, in connection with their roles related to long-running accounting improprieties that ran...

Nominan la serie de investigación de Aitana Vargas que destapa el presunto entramado fraudulento de Hadari Oshri Los Ángeles (CA) – En junio de 2021, la empresaria israelí Hadari Oshri pidió una orden de alejamiento contra la corresponsal española Aitana Vargas. Su objetivo era frenar en seco e impedir cualquier cobertura mediática de la periodista, cuya serie de investigación distribuida...

Washington D.C. — The Securities and Exchange Commission has charged New York-based SCWorx Corp. and its former Chief Executive Officer and Chairman of the Board, Marc S. Schessel, with making false and misleading statements about SCWorx’s plans to distribute COVID-19 rapid test kits in April 2020. SCWorx has agreed to settle the SEC’s charges and will pay a $125,000...

A New York man was sentenced to four years in prison for purchasing stolen or compromised credit cards and assisting other members of the Infraud Organization in monetizing their fraudulent activity. The Infraud Organization, a transnational cybercrime enterprise engaged in the mass acquisition and sale of fraud-related goods and services, including stolen identities, compromised credit card data, computer malware,...