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.
EvilCorporations.com — Investigative Report The Passive Income Dream Is Dead, and Companies Like Click Profit Killed It Filed: March 3, 2025 | Source: FTC Complaint | Status: Active Federal Action TL;DR Click Profit charged people at least $45,000 (more than…
TL;DR Joseph Neal Sanberg, co-founder of the “green” fintech company Aspiration Partners, ran a two-year scheme to fabricate $44 million (enough to fully fund a mid-sized public school district for a year) in fake revenue using friends, small businesses, and…
EvilCorporations.com | Investigative Finance Voyager’s $1.7 Billion Con How Voyager Digital and its CEO turned everyday people’s crypto savings into the fuel for a scheme the government itself called “indistinguishable from a Ponzi.” Filed: October 12, 2023 | CFTC v.…
Investigation | Financial Markets | Sep. 9, 2025 The Phantom Orders: How Flatiron’s “Spoofing” Rigged the Market Against You A Colorado trader and his Illinois firm placed fake buy and sell orders more than 1,900 times to trick the market…
Corporate Fraud Investigation Eli Lilly Defrauded $183M from Medicaid for More Than a Decade Source: U.S. Court of Appeals, Seventh Circuit • Decided September 11, 2025 • United States ex rel. Streck v. Eli Lilly and Company TL;DR From 2005…
TL;DR Randolph Jay Forrest and co-owners at an Iowa used car dealership spent nine years (2012–2021) rolling back odometers on at least 47 cars, falsifying titles, and flipping them to unsuspecting buyers. Some odometers were wound back by as much…
Investigation: Financial Misconduct • PNC Investments LLC • FINRA Enforcement PNC Let Brokers Churn Annuities Undetected for Years. The Fine? $200,000. For at least three years, PNC Investments ran 1,500 branch offices and 1,200 registered representatives without any real system…
Fraud & Ponzi Schemes • Investment Fraud • Florida She Promised to Double Your Money. She Bought a Cruise Instead. Carole A. Liston collected $5.7 million from over 200 everyday investors with promises of 350% annual returns. The SEC says…
TL;DR Ross Haghighat sat on the board of directors of a biotech company called Chinook Therapeutics while it was secretly negotiating a $40/share buyout with pharmaceutical giant Novartis. Instead of keeping that information confidential, Haghighat leaked the tip to his…
TL;DR Susquehanna Financial Group, a Wall Street trading firm based in Bala Cynwyd, Pennsylvania, filed ~74,000 corrupted trade reports into the bond market’s public transparency database over more than two years. The firm left out a required data tag called…