Category: Fraud

UN report says North Korea laundered $2 billion theft via Hong Kong firm
July 11, 2018 BY LeapRate Staff

SEC files additional charges in scheme to manipulate Fitbit stock

The U.S. Securities and Exchange Commission (SEC) has announced that it has filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings. According to the SEC's complaint, Mark E. Burns purchased Fitbit call options just minutes before he and his co-conspirator, Robert…

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June 28, 2018 BY LeapRate Staff

Former Equifax manager Sudhakar Bonthu charged with Insider Trading

The U.S. Securities and Exchange Commission (SEC) has announced that it has charged a former Equifax manager with insider trading in advance of the company’s September 2017 announcement of a massive data breach that exposed Social Security numbers and other personal information of approximately 148 million U.S. customers. This is the second case the SEC…

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June 25, 2018 BY LeapRate Staff

Jody Dupont and Open Range Trading charged with defrauding traders

The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Timothy M. Cain of the U.S. District Court for the District of South Carolina entered a Consent Order against Defendant Jody Dupont of Anderson, South Carolina, and an Order of Default Judgment against his company, Open Range Trading LLC, also of Anderson. Neither DuPont nor Open Range…

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June 05, 2018 BY Valentina Kirilova

OSC charges individual with fraud

The Ontario Securities Commission (OSC) announced today that David Singh of Richmond Hill, Ontario has been charged with fraud and related offences under the Securities Act (Ontario) following an investigation by the OSC’s Joint Serious Offences Team (JSOT). Mr. Singh has been charged with the following offences under the Securities Act: one count of trading…

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June 01, 2018 BY LeapRate Staff

France regulator AMF warns about aggressive 'boiler room' direct marketing

French financial regulator Autorité des marchés financiers (AMF) has issued a warning about the prevalence of aggressive 'boiler room' direct marketing. The AMF stated that this fraudulent practice encourages investors to purchase financial products on the basis of sales pitches incommensurate with the real value of the assets in question and with the promise of extremely…

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May 31, 2018 BY LeapRate Staff

Goldman Sachs junior banker charged in Insider Trading scheme

The U.S. Securities and Exchange Commission (SEC) has announced charges against an employee of prominent investment bank Goldman Sachs (NYSE:GS) with repeatedly using his access to highly confidential information in order to place illicit and profitable trades in advance of deals on which the bank was providing investment banking advisory services. According to the SEC’s complaint,…

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May 21, 2018 BY LeapRate Staff

Investment and Binary Options scams rise in record $340 million 2017 in Australia

The Australian Competition and Consumer Commission (ACCC) has reported that Australians lost more money to scammers in 2017 than in any other year since the ACCC began reporting on scam activity. According to the ACCC’s ninth annual Targeting scams report released today, more than 200,000 scam reports were submitted to the ACCC, Australian Cybercrime Online Reporting Network…

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