Financial fraud includes activities like embezzlement, insider trading, and accounting fraud, inflicts substantial harm on society. It distorts the transparency and efficiency of financial markets, leading investors and regulators to make decisions based on false information, which can destabilize entire economic systems. The direct victims of financial fraud—ranging from individual investors to large corporations—can face devastating financial losses, potentially wiping out life savings or crippling business operations.
Financial Crime / Anti-Money Laundering / FINRA Enforcement 42 Red Flags. Three Years. Zero Reports. FINRA Enforcement Action Accepted: August 22, 2025 | EvilCorporations.com Investigation TL;DR U.S. Bancorp Investments, Inc. (USBI) failed to file 42 required Suspicious Activity Reports (SARs)…
FINRA Enforcement Action • Wall Street Accountability The 96 Days at D. Boral Capital A New York brokerage operated broke — over and over again — while no one in charge wrote a single rule to stop it. Published August…
TL;DR Odeon Capital Group, a New York City broker-dealer, ran a supervisory system so broken it missed at least 138 instances of potentially manipulative prearranged trading spanning years. The firm sent 717 trade confirmations to regular (non-institutional) customers between December…
Investigative Report | Banking | Class Action Bank of America Froze Ordinary People’s Accounts — And Called It Legal A $2.85 million settlement exposes how one of the world’s biggest banks systematically stripped struggling New Yorkers of access to their…
Financial Misconduct Investigation Five Years. 710 Grand. Your Money. EvilCorporations.com Investigative Desk | Source: FINRA Acceptance, Waiver, and Consent | Signed August 14, 2025 TL;DR From August 2019 to July 2024, PFS Investments (a Primerica company) ran a system so…
TL;DR Capitol Federal Savings Bank charged customers two overdraft fees for a single $4 coffee purchase by exploiting the gap between when a transaction is approved and when it actually settles. One customer, Samantha Ramirez, got hit with three separate…
FTC Enforcement Action • April 2023 • Payment Fraud Nexway’s $16.5 Million Fine: How Payment Laundering Fueled a Tech-Support Scam A payment processor knew fraudsters were terrifying ordinary people into handing over their credit cards. The company processed the charges…
TL;DR Kenneth Courtright ran a company called The Income Store that promised investors a guaranteed monthly income forever, backed by website advertising revenue. The company never generated enough revenue to cover those payments; instead, Courtright used money from new investors…
TL;DR Ford Motor Company offered West Virginia car dealers up to $750,000 in matching funds to renovate their showrooms to strict Ford “Trustmark” design standards, dictating everything from entry towers to furniture upholstery. Then, within a decade, Ford rolled out…
Securities Fraud • Stock Manipulation • Pandemic Profiteering They Pumped a Fake Pandemic Stock. Then They Dumped It on You. EvilCorporations.com • Case Nos. 23-4108, 23-4254, 23-4330 • 11 min read TL;DR Brothers Joshua and Jamie Yafa were convicted in…