fraud

Taro Pharmaceutical Industries Ltd (NYSE: TARO) former Vice President of Sales and Marketing Ara Aprahamian has been indicted by the Justice Department for price-fixing and bid-rigging on Tuesday, Reuters reported. What Happened? According to the Justice Department, a federal grand jury in the...

The owner of a U.S.-based online freight services company specializing in international transportation has been arrested on suspicion of orchestrating an investment scheme, according to prosecutors. Kamlesh Pardasani, 49, appeared in federal court in North Carolina on Jan. 7 on charges of...

Donald Tankersley, 76, former chief executive officer of White Dairy Ice Cream and Tankersley Foods in Van Buren, Arkansas, pleaded guilty to two counts of tax fraud in federal court on Sept. 20. He faces a maximum sentence of three years in prison for each charge, according to Duane Kees, the U.S...

The U.S. Justice Department said Richard Luthmann, an attorney located on Staten Island, N.Y., was sentenced by a federal court Sept. 9 to four years in jail for his role in conspiring to commit wire fraud and extortion in a scheme involving scrap metal shipments. Luthmann also was ordered by...

Federal officials have ordered Celadon to pay shareholders $42.2 million in restitution after the company's stock plummeted in the wake of ongoing investigations into the company's past accounting practices. The U.S. Attorney for the Southern District of Indiana announced on April 25...

Shares of Cheetah Mobile Inc (NYSE: CMCM) lost more than 30 percent Tuesday after a BuzzFeed News report alleged the China-based creator of global mobile apps is committing ad fraud. What Happened BuzzFeed reported Monday that Kochava, an app analytics company dedicated to uncovering global ad...

Hackers gained control of several verified Twitter accounts this month and used them to impersonate Tesla Inc (NASDAQ: TSLA) CEO Elon Musk and scam bitcoin users. What Happened The hackers changed the profile names and photos on the Twitter accounts to match Musk's. They used the accounts to...

What happens when you attempt to manipulate a stock and earn a $3,000 profit? Two years in prison.  What Happened Fitbit Inc (NYSE: FIT) stock spiked higher Nov. 10, 2016 amid reports the maker of fitness tracking products received a takeover offer. A SEC filing release showed that a...

Justice came for Martin Shkreli. The so-called “Pharma Bro” was sentenced Friday to 84 months in prison after having been convicted in August 2017 on two counts of securities fraud and one count of conspiracy to commit securities fraud. Prosecutors were looking for 15 years prison time...

Shares of MiMedx Group Inc (NASDAQ: MDXG) fell sharply lower on heavy volume after Citron's Andrew Left released a video explaining why the stock is worth just $3 as opposed to its current price north of $11 per share. MiMedx is "no stranger" to the controversy surrounding its medical devices,...

New research suggests that age-related neurological changes can make it difficult for older adults to detect suspicious behavior and other warning signs that people may be untrustworthy, potentially putting elders at higher risk for financial fraud.   In new studies involving people age 60 and...

If the past decade of news stories and fraud alerts haven’t put you on your guard for scams, 2017 should be the year to make sure you are protected against these schemes. This is especially true as scammers are deploying newer and more sophisticated tactics to relieve you of your savings,...

21Vianet Group Inc (NASDAQ: VNET) has had a wild ride today. Shares of the China-based data services provider are down double-digit percentage points after a report from Trinity Research alleged it is a fraudulent operation. The research firm cited everything from "ghost offices" to...

Bitcoin has provided spectacular returns for buy and hold investors. However, some investors have lost money in bitcoin. This article discusses some of the most common pitfalls and how to avoid them. Panic Selling Bitcoin is a volatile asset because it is in a price discovery phase. One...

Was bitcoin’s October and November price run-up from $134 to $1,242 the result of insider fraud at Mt. Gox? Over Memorial Day weekend, a detailed analysis of bitcoin exchange Mt. Gox’s trading data made that claim. Unfortunately the report, which appeared late Sunday night, has been removed...