Millions Returned to Consumers Harmed by Payday Lending Scheme
FTC, DOJ Return a Record Amount – 1,179,803 Refund Checks For More Than $505 Million to Consumers On September 27, 2018, the Federal Trade Commission announced that the FTC, working jointly with the U.S. Department of Justice, is mailing 1,179,803... Read More →
Bitcoin-Funded Securities Dealer, CEO Charged
On September 27, 2018, the Securities and Exchange Commission announced that it filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins. According to... Read More →
Elon Musk Charged with Securities Fraud for Misleading Tweets
On September 28, 2018, the Securities and Exchange Commission announced that it charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla... Read More →
Iowa Introducing Broker, Principals to Pay $11.9 Million in Restitution
CFTC Orders an Iowa Introducing Broker and Its Principals to Pay $11.9 Million in Restitution to Farmers and a $1.25 Million Civil Monetary Penalty for Fraud, Unauthorized Trading, and False Statements to the CME, Among Other Violations On September 26,... Read More →