Kane Capital Investment Group charged with operating a ponzi scheme LeapRate

April 13, 2018 BY Valentina Kirilova

Kane Capital Investment Group charged with operating a ponzi scheme

The Commodity Futures Trading Commission (CFTC) announced that it has filed a civil enforcement action in the U.S. District Court for the Eastern District of Virginia against Defendants The Kane Capital Investment Group, LLC (Kane Capital), a commodity pool organized in Virginia, and its principal, Amrit Jaswant Singh Chahal (Chahal) of Fairfax, Virginia. The CFTC…

Woodbridge Group of Companies LLC and former owner Robert H. Shapiro fined $1 billion

December 21, 2017 BY LeapRate Staff

Robert H. Shapiro and Woodbridge Group charged in $1.2 billion Ponzi scheme

The U.S. Securities and Exchange Commission (SEC) has announced charges and an asset freeze against a group of unregistered funds and their owner who allegedly bilked thousands of retail investors, many of them seniors, in a $1.2 billion Ponzi scheme. SEC investigators filed this action to prevent further dissipation of investor assets after obtaining court orders in September and November in subpoena enforcement actions that forced…

Three Individuals involved in boiler room scheme, charged with binary options fraud

November 07, 2017 BY LeapRate Staff

Paid-to-Click scam warning issued by the SEC

The U.S. Securities and Exchange Commission is warning investors to beware of online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a certain number of online ads each day. The SEC’s investor alert explains that these online advertising programs may have little…

October 03, 2017 BY Valentina Kirilova

Belgium regulator FSMA warns against Five Winds Asset Management and QW Lianora Swiss Consulting SA

The Financial Services and Markets Authority (FSMA) issued a warning today against the irregular activities of Five Winds Asset Management and QW Lianora Swiss Consulting SA. These companies offer investment services in Belgium without respecting the Belgian financial legislation. According to the regulator, Five Winds Asset Management and QW Lianora Swiss Consulting SA are not…

September 25, 2017 BY LeapRate Staff

Bitcoin Ponzi scheme run by Gelfman Blueprint Inc uncovered by the CFTC

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a federal civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Nicholas Gelfman, of Brooklyn, New York, and Gelfman Blueprint, Inc. (GBI), a New York corporation, charging them with fraud, misappropriation, and issuing false account statements in connection…

September 07, 2017 BY Valentina Kirilova

SEC charges adviser with stealing investor funds

The Securities and Exchange Commission (SEC) announced that has charged a New Jersey-based tax preparer and investment adviser with stealing more than $1 million from clients to support his gambling habit and other personal expenditures. The SEC alleges that Scott Newsholme of Farmingdale, New Jersey, fabricated account statements, doctored stock certificates, and forged promissory notes…

September 06, 2017 BY LeapRate Staff

Monex Deposit Company charged with running multi-million dollar retail trader fraud scheme

The U.S. Commodity Futures Trading Commission (CFTC) has announced that on September 6, 2017, it filed a civil injunctive enforcement action in the U.S. District Court for the Northern District of Illinois against three affiliated companies located in Newport Beach, California: Monex Deposit Company, Monex Credit Company, and Newport Services Corporation (collectively, Monex), and Monex’s principals Louis Carabini and Michael Carabini.…

September 06, 2017 BY LeapRate Staff

WFAN radio sports host Craig Carton charged with running concert ticket investment scam to pay off gambling debts

The U.S. Securities and Exchange Commission today charged a popular New York sports radio personality as well as another New York City man with stealing millions of dollars from investors who were allegedly promised that their funds would be used for the purchase and resale of concert tickets. In a complaint filed in federal district…

Category: Ponzi scheme