FINRA Enforcement • AWC No. 2021069376701 How Thurston Springer Turned Investor Protection Into a Paper-Thin Charade EvilCorporations.com • FINRA AWC No. 2021069376701 • CRD No. 8478 • 15 min read TL;DR Thurston Springer Financial, a full-service broker-dealer based in Indianapolis…
Corporate Malfeasance Case Study: Celtic Ocean International, LLC & Its Impact on Public Health TL;DR: A lawsuit alleges that Celtic Ocean International, the company behind the popular Selina Naturally® Celtic Sea Salt®, has been selling products contaminated with significant levels…
EvilCorporations.com • Docket No. RCRA-07-2025-0050 • 5 min read $5,000 and Walk Away: McWane’s Hazardous Waste Gamble in Oskaloosa A federally licensed hazardous waste facility let fifteen containers of dangerous materials sit unlabeled, ran its own inspections while missing the…
SEC Enforcement EvilCorporations.com • Case No. 2:22-CV-00693 JFW (SKx) • 5 min read Is a $55 Million Fine Justice, or Just the Cost of Doing Business for Safeguard Metals? A federal court just handed down a final judgment against a…
TL;DR The fraud ran for over three years. From February 2022 to the date of filing in May 2025, the operators of Unicoin, Inc. raised more than $100 million from over 5,000 investors by selling “Unicoin Rights Certificates”, which were…
EvilCorporations.com • SEC v. Alexander, Welsh & Conner • 50 min read The $91 Million Ponzi Scheme Sold by Vanguard Holdings Group Three people promised international bond trading profits to over 200 investors. There were no bonds. There was no…
Financial Misconduct Investigation Blind Eye, Open Door: How Redbridge Securities Let Market Manipulators Walk Free for Four Years EvilCorporations.com • FINRA AWC No. 2020068737101 • 17 min read TL;DR Redbridge Securities LLC, a retail trading platform based in Plano, Texas,…
Greenwashing Investigation Apple’s “Carbon Neutral” Watch Was Built on Phantom Forests and Forty-Year-Old Laws EvilCorporations.com • Case No. 5:25-cv-02043, N.D. Cal., Filed Feb. 26, 2025 • 51 min read TL;DR Apple announced the Apple Watch Series 9, Apple Watch SE…
EvilCorporations.com • AWC No. 2022076268801 • 6 min read 145,898 Violations. $65,000 Fine. Less Than $0.45 Each. Tradeweb Direct spent nine months hiding a data field that tells the public whether a bond trade included dealer profit. FINRA’s punishment works…
Investigation The “Natural” Label That Isn’t: How Beiersdorf Sold Synthetic Lotion as 99% Nature A federal class action filed in April 2025 accuses Nivea’s parent company of using an obscure, industry-written standard to call factory-made chemicals “natural origin” — and…