NEW YORK, NY (January 20, 2025) – In a significant development underscoring the importance of robust anti-money laundering (AML) compliance, Dubai-based money exchange service provider, Wall Street Exchange (WSE), has entered into a non-prosecution agreement […] Read More
ATLANTA, GA – In a stark reminder of the risks lurking within the often-opaque world of private investment, Craig Allen, the founder and executive officer of Atlanta-based C.M. Allen Capital Management, Inc., has been sentenced […] Read More
The COVID-19 pandemic brought unprecedented challenges, not just in terms of public health but also in economic stability. To mitigate the financial fallout, the U.S. government implemented several relief programs, including the Economic Injury Disaster […] Read More
In a significant move towards addressing systemic inequalities in the financial sector, the Justice Department has announced a landmark settlement with SouthEast Bank. The Tennessee-based institution has agreed to pay $1.5 million to resolve allegations […] Read More
Philadelphia, PA – A prominent Pennsylvania investment advisor, Scott Mason, 66, of Gladwyne, faces a litany of federal charges including wire fraud, securities fraud, investment advisor fraud, and filing false tax returns, after allegedly orchestrating […] Read More
WASHINGTON, D.C. – The United States Supreme Court has delivered a landmark decision in the closely watched case of TikTok, et al. v. Garland, upholding a recently passed law that compels the Chinese-owned social media […] Read More
NEW YORK – In a significant blow to its reputation and finances, American Express Company (AMEX) has agreed to a hefty settlement exceeding $138 million after admitting to deceptive sales practices involving two of its […] Read More
WASHINGTON, D.C. – In a decisive move underscoring the U.S. government’s commitment to enforcing environmental regulations, the Department of Justice (DOJ) and the Environmental Protection Agency (EPA) have announced a landmark settlement agreement with French […] Read More
American Express, a titan in the financial industry, recently found itself in hot water after the United States Department of Justice (DOJ) levied a hefty $108.7 million civil penalty against the company. This significant settlement […] Read More
San Diego, CA – In a shocking case of fraud, a federal grand jury has indicted three individuals for allegedly swindling over 800 elderly authors out of more than $44 million. The scam, orchestrated through […] Read More
Lockport, Louisiana-based Bollinger Shipyard LLC has agreed to a $1,025,000 settlement to resolve allegations of violating the False Claims Act by knowingly employing and billing the U.S. Coast Guard for labor from unauthorized workers. This […] Read More
BOSTON – A case that strikes at the very heart of professional trust and fiduciary responsibility has rocked the legal and business communities in Massachusetts. David Smerling, a 74-year-old attorney from Lexington, Massachusetts, who also […] Read More
Baltimore, MD – The recent $350,000 settlement between PharmaLogic Holdings Corporation and the U.S. government over falsely claimed small entity status to the Nuclear Regulatory Commission (NRC) is more than just another False Claims Act […] Read More
In an increasingly digital world, the threat of banking fraud looms large, constantly evolving to exploit vulnerabilities in our financial systems and personal habits. While banks and financial institutions invest heavily in security measures, the […] Read More
ST. PAUL, Minn. – A federal grand jury has indicted two men, Henry Remington Herod, 42, of Minneapolis, and Matthew McDowell, 44, of Port Allen, Louisiana, on charges of orchestrating a complex tax fraud scheme […] Read More
Let’s be honest, insurance isn’t always the most exciting topic. But what is exciting is saving money and avoiding scams. And that’s where understanding insurance fraud comes in. It’s a bigger problem than you might […] Read More
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