Securities fraud

The Supreme Court is seen in Washington, early Monday, June 15, 2020. (AP Photo/J. Scott Applewhite)
June 22, 2020 - 10:24 am
WASHINGTON (AP) — The Supreme Court on Monday preserved an important tool used by securities regulators to recoup ill-gotten gains in fraud cases. By an 8-1 vote, the justices ruled that the Securities and Exchange Commission can seek to recover the money through a process called disgorgement. Last...
Read More
June 09, 2020 - 7:54 pm
SAN FRANCISCO (AP) — The president of a Silicon Valley medical technology company was charged Tuesday with misleading investors by falsely claiming the company had developed a government-approved blood test for the new coronavirus — the first criminal securities fraud prosecution related to the...
Read More
In this image provided by the U.S. Immigration and Customs Enforcement, this March 24, 2020, photo, shows unapproved COVID-19 tests that were seized on March 22, 2020 from the DHL Express Consignment Facility at JFK Airport in the Queens borough of New York. Federal officials say the COVID-19 outbreak has unleashed a wave of fraud. An arm of the Department of Homeland Security, Homeland Security Investigations, has opened more than 300 cases in recent weeks that include counterfeit products and medicines as well as fake tests for the virus. (U.S. Immigration and Customs Enforcement via AP)
May 12, 2020 - 1:21 am
WASHINGTON (AP) — A 39-year-old former investment manager in Georgia was already facing federal federal charges that he robbed hundreds of retirees of their savings through a Ponzi scheme when the rapid spread of COVID-19 presented an opportunity. Christopher A. Parris started pitching himself as a...
Read More
FILE - In this June 20, 2019 file photo, the Supreme Court is seen under stormy skies in Washington. (AP Photo/J. Scott Applewhite)
March 03, 2020 - 12:56 pm
WASHINGTON (AP) — The Supreme Court seemed prepared Tuesday to preserve an important tool that federal securities regulators used last year to recoup $3.2 billion in ill-gotten gains in fraud cases. At most, the justices might impose some limits on how the Securities and Exchange Commission seeks...
Read More
December 10, 2019 - 9:49 pm
NEWARK (AP) — Three men were charged with running a cryptocurrency mining operation that officials labeled a “high-tech Ponzi scheme" that bilked investors out of $722 million, federal officials announced Tuesday. Matthew Goettsche, 37, was arrested Tuesday in Colorado, while Jobadiah Weeks, 38,...
Read More
September 24, 2019 - 7:41 am
GREENVILLE, S.C. (AP) — A California man has been arrested over allegations that he and his partners ran a $1 billion Ponzi scheme that targeted people receiving pensions. News outlets report the U.S. Marshals Service arrested Future Income Payments LLC owner Scott Kohn on Saturday in San Diego...
Read More
July 16, 2019 - 3:09 pm
BIRMINGHAM, Ala. (AP) — A lawyer convicted of swindling NBA star Charles Barkley and using the name of former Secretary of State Condoleezza Rice to bolster an investment scam has been sentenced to five years in prison. U.S. District Judge Karon Bowdre also ordered Donald Watkins to pay about $14...
Read More
May 09, 2019 - 8:12 pm
LAS VEGAS (AP) — A federal judge in Nevada reversed a magistrate's decision and ordered a father and son from Japan to remain jailed in U.S. custody pending trial on fraud charges in what prosecutors call a $1.5 billion international Ponzi scheme. Attorney Richard Wright, representing former MRI...
Read More
April 24, 2019 - 10:31 pm
LAS VEGAS (AP) — A father and son from Japan can be freed from federal custody to live with relatives in a rented Las Vegas apartment pending trial on fraud charges in what prosecutors call a $1.5 billion international Ponzi scheme, a judge decided Wednesday. U.S. Magistrate Judge Cam Ferenbach...
Read More
April 18, 2019 - 8:26 pm
LAS VEGAS (AP) — Two former investment executives from Japan pleaded not guilty in Las Vegas on Thursday to criminal fraud charges in what prosecutors have called a $1.5 billion international Ponzi scheme. Junzo Suzuki, 70, and his son, Paul Suzuki, 40, arrived in custody in the U.S. on Wednesday,...
Read More

Pages