Securities fraud

September 24, 2019 - 3:53 pm
NEW YORK (AP) — Data-measurement firm Comscore has settled fraud charges with the Securities and Exchange Commission and will pay a $5 million penalty. Its former CEO, Serge Matta, will also pay $700,000 and give Comscore back $2.1 million from his pay and sales of company stock. He is also barred...
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September 23, 2019 - 8:16 am
WASHINGTON (AP) — Nissan has agreed to pay $15 million and its former chairman Carlos Ghosn is paying $1 million to settle federal regulators' civil fraud charges of hiding from investors more than $140 million in compensation and retirement benefits for Ghosn. The Securities and Exchange...
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FILE - In this June 26, 2018, file photo the General Electric logo appears above a trading post on the floor of the New York Stock Exchange. General Electric’s stock is tanking after a report which claims the company has been misleading investors. Investigator Harry Markopolos accused GE Thursday, Aug. 15, of engaging in accounting fraud worth $38 billion. He said GE is heading for bankruptcy and is hiding $29 billion in long-term care losses. (AP Photo/Richard Drew, File)
August 15, 2019 - 1:17 pm
NEW YORK (AP) — A whistleblower who warned regulators about Bernard Madoff's Ponzi scheme is now accusing General Electric of misleading investors, sending the company's stock on a downward spiral. Investigator Harry Markopolos accused GE on Thursday of engaging in accounting fraud worth $38...
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May 23, 2019 - 12:19 pm
LAS VEGAS (AP) — The former head of a Tokyo and Las Vegas investment firm has been sentenced to 50 years in a U.S. prison for bilking thousands of Japanese victims in what prosecutors called a $1.5 billion international Ponzi scheme. Chief U.S. District Judge Gloria Navarro dismissed as offensive...
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May 09, 2019 - 4:38 pm
LAS VEGAS (AP) — A federal judge reversed a magistrate's decision and ordered a father and son from Japan to remain jailed pending trial on fraud charges in what prosecutors call a $1.5 billion international Ponzi scheme. Attorney Richard Wright, representing former MRI International Inc...
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April 18, 2019 - 5:26 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,...
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This image provided by the U.S. Marshals Service shows part of the wanted poster for Frederick Darren Berg. Federal agents believe Berg, the man who masterminded a $100 million Ponzi scheme and escaped from a federal prison in California, may have fled to South America. Court records reviewed by The Associated Press detail the investigation into the 2017 escape of Berg. The documents say the U.S. Marshals Service has named Berg’s former boyfriend, Darrell Ray Blankenship, as a “person of interest” in connection with the escape. Blankenship has not been charged with a crime. (U.S. Marshals Service via AP)
April 04, 2019 - 3:11 pm
WASHINGTON (AP) — A man who masterminded a $100 million Ponzi scheme and escaped from a federal prison in California may have fled to South America and federal officials have named his boyfriend as a person of interest in the case, according to court records reviewed by The Associated Press on...
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March 27, 2019 - 7:41 am
WASHINGTON (AP) — The Supreme Court is rejecting arguments made by Justice Brett Kavanaugh when he was an appeals court judge in a case involving securities fraud. The court's 6-2 ruling Wednesday affirms an appeals court decision against investment banker Francis Lorenzo over false and misleading...
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FILE - In this June 14, 2018, file photo, Tesla CEO Elon Musk speaks at a news conference in Chicago. Attorneys tell a federal judge that Tesla CEO Elon Musk shouldn't be found in contempt because he didn't violate a securities fraud settlement. The attorneys wrote in documents filed Monday night, March 11, 2019, that a Feb. 19 tweet by Musk merely restated prior disclosures on electric car production volumes. (AP Photo/Kiichiro Sato, File)
March 11, 2019 - 7:56 pm
DETROIT (AP) — Tesla CEO Elon Musk should not be found in contempt of court because he has complied with the terms of a securities fraud settlement, his attorneys wrote in documents filed Monday night with the U.S. District Court in Manhattan. Musk's lawyers wrote that a Feb. 19 tweet merely...
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FILE - In this June 19, 2017, file photo, former Turing Pharmaceuticals CEO Martin Shkreli, center, arrives at Brooklyn federal court in New York with members of his legal team. Federal authorities are investigating claims that Shkreli has been running his pharmaceutical company from behind bars. The U.S. Bureau of Prisons said Friday, March 8, 2019, that it has opened an inquiry into whether the so-called "Pharma Bro" used a contraband smartphone inside a federal prison in New jersey. (AP Photo/Mark Lennihan, File)
March 08, 2019 - 1:29 pm
NEW YORK (AP) — Federal authorities said Friday they are investigating claims that Martin Shkreli has been running his pharmaceutical company from behind bars using a contraband smartphone. The U.S. Bureau of Prisons told The Associated Press it has opened an inquiry into whether the man nicknamed...
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