Have You Purchased Epson Printer Cartridges?
If so, you may be paying too much for Epson Printer Cartridges. Epson Ink Cartridge consumers are encouraged to contact Kehoe Law Firm, P.C. to discuss their purchases of Epson Printer Cartridges. Some Reasons Why Printer Ink So Expensive? According... Read More →
Microcap Fraud Scheme Stopped by SEC
On October 3, 2018, the Securities and Exchange Commission announced that it filed an emergency action and obtained an asset freeze against two individuals and their companies in a scheme that generated more than $165 million of illegal sales of... Read More →
SEC Actions- Salix, Walgreens, & LendingClub Asset Management
Salix and Its Former CFO Charged with Repeatedly Misleading Analysts and Investors On September 28, 2018, the Securities and Exchange Commission announced that it charged Salix Pharmaceuticals Ltd. (“Salix”) and its former CFO with repeatedly misleading analysts and investors about... Read More →
Musk Settles SEC Fraud Charges; Tesla Charged, But Resolves Law Charge
Musk Required to Step Down as Tesla’s Chairman as Part of Settlement; Tesla to Appoint Additional Independent Directors; Tesla and Musk Agree to Pay $40 million in Penalties On September 29, 2018, the Securities and Exchange Commission announced that Elon... Read More →
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 →
Broker-Dealer Charged With Deficient Cybersecurity Procedures
On September 26, 2018, the Securities and Exchange Commission announced that a Des Moines-based broker-dealer and investment adviser has agreed to pay $1 million to settle charges related to its failures in cybersecurity policies and procedures surrounding a cyber intrusion... Read More →
Approximately $4 Million Awarded by SEC to Whistleblower
On September 24, 2018, the Securities and Exchange Commission announced that it has awarded nearly $4 million to an overseas whistleblower whose tip led it to open an investigation and whose extensive assistance helped it bring a successful enforcement action. ... Read More →
FTC Sending 22,671 Refund Checks to Consumers
On September 25, 2018, the Federal Trade Commission announced that it is sending out 22,671 refund checks to people who lost money to a mobile cramming operation that placed tens of millions of dollars in charges on their mobile phone... Read More →
Subway Franchisee Advertising Fund Trust Text Message Class Action
On September 24, 2018, a class action complaint was filed in United States District Court, Central District of California, against Subway Franchisee Advertising Fund Trust, Ltd. (“Subway”) for “negligently and/or intentionally contacting Plaintiff on her cellular telephone, in violation of... Read More →
FTC Settlements Stop Debt Collection Scheme
On September 21, 2018, the FTC announced that the operators of an illegal debt collection scheme have agreed to be permanently banned from the debt collection business in order to settle FTC charges that they falsely threatened to have people... Read More →
New Law Allows Consumer Credit Freezes and Year-Long Fraud Alerts
The FTC announced that beginning September 21, 2018, consumers concerned about identity theft or data breaches can freeze their credit and place one-year fraud alerts for free. Under the new Economic Growth, Regulatory Relief, and Consumer Protection Act, consumers in... Read More →
BBSI and Former CFO Charged with Accounting Fraud
On September 20, 2018, the Securities and Exchange Commission announced that it charged the former chief financial officer of Barrett Business Services Inc. for his role in an accounting fraud involving BBSI’s workers’ compensation expenses. The SEC also charged BBSI... Read More →
CEO And Former CFO To Pay Millions in Penalties to Settle Charges
On September 18, 2018, the Securities and Exchange Commission announced that a Boulder, Colorado-based biopharmaceutical company, its CEO, and its former CFO will pay more than $20 million in penalties to settle charges of misleading investors about the company’s developmental... Read More →
SEC Awards Approximately $1.5 Million to Whistleblower
On September 14, 20185, the Securities and Exchange Commission announced that a whistleblower has earned an award of more than $1.5 million. The whistleblower provided the SEC with vital information and ongoing assistance that proved important to the overall success... Read More →
$345 Million Ponzi-Like Scheme Shut Down by SEC
On September 19, 2018, the Securities and Exchange Commission announced that it has obtained a court order halting an ongoing Ponzi-like scheme that raised more than $345 million from over 230 investors across the U.S. The SEC also obtained an emergency asset... Read More →
United Technologies Charged With Violating the FCPA
On September 12, 2018, the SEC announced that Connecticut-based United Technologies Corporation will pay $13.9 million to resolve charges that it violated the Foreign Corrupt Practices Act (“FCPA”) by making illicit payments in its elevator and aircraft engine businesses. According... Read More →
USA Technologies, Inc. Investigation on Behalf of USAT Investors
Kehoe Law Firm, P.C. Announces a Securities Fraud Investigation On Behalf of Shareholders and Investors of USA Technologies, Inc. (NasdaqGM: USAT) (“USA Technologies”). On September 11, 2018, USA Technologies disclosed that it will not file its Annual Report on Form... Read More →
Cannabis Investment Fund and Founder Charged in Fraudulent Scheme
On September 5, 2018, the Securities and Exchange Commission announced that it charged a Texas-based investment fund and its founder with defrauding investors with false promises of massive returns in cannabis-related businesses. The SEC also issued an alert to warn retail investors... Read More →
More Than $54 Million Awarded to SEC Whistleblowers
On September 6, 2018, the Securities and Exchange Commission announced that it is awarding more than $39 million to one whistleblower and more than $15 million to another whose critical information and continued assistance helped the agency bring an important... Read More →
Fraudulent Debt Collectors Banned from Debt Collection Business
On September 7, 2018, the FTC reported that the operators of a Georgia-based debt collection business that allegedly used false claims and threats to get people to pay debts – including debts they did not owe or that the defendants... Read More →
Telecommunications Expense Management Company Charged
On September 4, 2018, the Securities and Exchange Commission announced that it charged a telecommunications expense management company for its use of fraudulent accounting practices that artificially boosted company revenues between 2013 and 2015. Four former members of the company’s... Read More →
SEC Charges Sonofi With FCPA Violations
On September 4, 2018, the Securities and Exchange Commission announced that Paris-based pharmaceutical company Sanofi has agreed to pay more than $25 million to resolve charges that its Kazakhstan and the Middle East subsidiaries made corrupt payments to win business. According... Read More →
Moody’s Charged – Internal Controls Failures & Ratings Symbols Deficiencies
On August 28, 2017, the Securities and Exchange Commission announced that Moody’s Investors Service Inc. has agreed to pay a total of $16.25 million in penalties to settle charges involving internal control failures and failing to clearly define and consistently... Read More →
Transamerica Entities to Pay $97 Million to Investors
On August 27, 2018, the Securities and Exchange Commission announced charges against four Transamerica entities for misconduct involving faulty investment models and ordered the entities to refund $97 million to misled retail investors. According to the SEC’s order investors put billions... Read More →
CFTC Wins Trial Against Virtual Currency Fraudster
The CFTC announced that a federal court entered final judgment ordering Patrick K. McDonnell (“McDonnell”) of Staten Island, New York, and CabbageTech, Corp., d/b/a Coin Drop Markets (“CDM”), McDonnell’s New York-based company, to pay over $1.1 million in civil monetary penalties and... Read More →
Ameriprise Financial Services Charged by SEC
On August 15, 2018, the Securities and Exchange Commission announced that Ameriprise Financial Services Inc., a wholly-owned subsidiary of Ameriprise Financial, Inc., will pay $4.5 million to settle charges that it failed to safeguard retail investor assets from theft by... Read More →
Former Online Marketing Company Executives Charged
On August 21, 2018, the Securities and Exchange Commission announced that it settled charges with two former top officers of Endurance International Group Holdings Inc. for overstating the company’s subscriber base, and charged a former executive of Constant Contact Inc.... Read More →
SEC Charges Technology Fund Adviser in Fraud Scheme
On August 20, 2018, the Securities and Exchange Commission announced that it charged the founder of San Francisco-based venture capital funds and his investment advisory firm with overcharging investors to fund personal projects, including sending millions of dollars to his... Read More →
Unregistered Brokers Who Sold Woodbridge Securities Charged by SEC
On August 20, 2018, the Securities and Exchange Commission announced that it charged five individuals and four companies for unlawfully selling securities of Woodbridge Group of Companies LLC (“Woodbridge”) to retail investors. Woodbridge collapsed into bankruptcy in December 2017 and... Read More →
Hologic Stock Drop – Suspension of Marketing of Vitalia TempSure Device
On August 13, 2018, MarketWatch reported (“Hologic’s stock drops after suspension of marketing of Vitalia TempSure device”) that Hologic’s (NasdaqGS: HOLX) stock shares . . . fell 2.9% in premarket trade Monday, after [Hologic, Inc.] said its Cynosure division will... Read More →
Maxar Technologies Securities Class Action Lawsuit Investigation
Kehoe Law Firm, P.C. is investigating legal claims on behalf of investors of Maxar Technologies, Ltd. (NYSE: MAXR) regarding possible violations of securities laws. If you invested in Maxar Technologies, you may have a legal claim. Investors of Maxar Technologies... Read More →
SEC Issues Investor Bulletin Providing Basic Information About Index Funds
The SEC’s Office of Investor Education and Advocacy recently issued an Investor Bulletin containing the following basic, useful information about index funds: What Is An Index Fund? An “index fund” is a type of mutual fund or exchange-traded fund that seeks to track the... Read More →
Keller Williams Realty Inc. Robocalls Class Action Lawsuit
On August 6, 2018, a class action complaint was filed in United States District Court, Central District of California, against Keller Williams Realty, Inc. and other defendants, as of yet unknown, alleging violations of the Telephone Consumer Protection Act (“TCPA”)... Read More →