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.
Summary TL;DR For over three years (from June 30, 2020 to October 2023) GMS Group, LLC, a 65-rep broker-dealer headquartered in East Hanover, New Jersey, operated without legally required rules protecting retail investors from being steered toward investments that benefited…
Fraud • Class Action • Technology Accountability Meta’s AI Tools Built the Scam Ads That Stole $500 Million Facebook and Instagram didn’t just host the ads that drove a criminal pump-and-dump scheme. Meta’s own artificial intelligence generated them, optimized them,…
Class Action Investigation • Case No. 3:26-cv-00435 • N.D. Cal. TomoCredit Built a Product for People in Crisis, Then Exploited Them EvilCorporations.com • Case No. 3:26-cv-00435, U.S. District Court, N.D. California, Filed Jan. 15, 2026 • 65 min read TL;DR…
EvilCorporations.com • Case No. 3:26-cv-01266, U.S. District Court, N.D. California • 50 min read PayByPhone Steals Your Parking Time Before You Even Pay A federal class action filed February 11, 2026 accuses PayByPhone of running your parking timer before your…
Class Action Investigation Grubhub’s Illegal Hidden Fee Machine EvilCorporations.com • Case No. 23STCV24118 • 37 min read TL;DR Grubhub ran a years-long scheme in California, from January 24, 2019 through the settlement date, in which it charged delivery fees, service…
EvilCorporations.com • Case No. 3:26-cv-01173-VC • 28 min read Depop Charged Hidden Fees on Every Purchase and Got Sued for It A class action complaint filed February 6, 2026 accuses Depop of running a textbook drip pricing scheme against its…
Financial Regulatory Misconduct 167,520 Times BNP Paribas Left Regulators In The Dark EvilCorporations.com • AWC No. 2021069219701 | FINRA | Accepted January 12, 2026 • 11 min read TL;DR From October 2019 to April 2024, BNP Paribas Securities Corp. (BNPS)…
Class Action Investigation The $2 “Software Fee” Stealing Lunch Money From the Poorest Kids in America EvilCorporations.com • Case No. 3:26-cv-03066-CRL-DJQ, U.S. District Court, ILCD • 45 min read TL;DR RevTrak, Inc. is a Minneapolis-based company that processes online payments…
FINRA Enforcement • AWC No. 2022073836301 • St. Louis, MO Benjamin Edwards Had a Compliance Policy. They Just Never Enforced It. EvilCorporations.com • FINRA AWC No. 2022073836301 • 9 min read TL;DR Benjamin F. Edwards & Co., Inc., a full-service…
Exclusive Investigation Wells Fargo Punished Homeowners for Using COVID Relief EvilCorporations.com • Stoff v. Wells Fargo Bank, N.A. • Case No. 37-2020-00020808-CU-BT-CTL • 19 min read TL;DR During the COVID-19 pandemic, the federal CARES Act forced mortgage servicers like Wells…