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.
TL;DR From May 2016 to October 2022, MDB Capital ran a scheme where the same firm that incubated startup companies, took them public, and collected stock, cash, and warrants also pushed those same stocks to retail and institutional investors. That…
Financial Crimes / Market Integrity 36.6 Billion Lies How Goldman Sachs Fed Corrupted Data to the One System Designed to Catch Financial Fraud — for Three Years Straight EvilCorporations.com Investigative Desk | Source: FINRA Enforcement Action AWC No. 2022074103601 TL;DR…
Crowdfunding Fraud ▸ Conflict of Interest ▸ FINRA Enforcement The Insider’s Hive Honeycomb Portal LLC quietly ran two crowdfunding raises with a conflicted, legally prohibited insider pulling the strings from the shadows — and then destroyed the records that would…
TL;DR A corporate insider at Long Island Iced Tea Corp. allegedly tipped a business associate with secret information about the company’s pivot to “blockchain” before it went public in late 2017, triggering a stock pump. The stock promoter who received…
Financial Misconduct Investigation 16,800 Trades. Zero Accountability. One Tiny Fine. Investigation Period: August 2021 – August 2023 | Settled: May 8, 2025 TL;DR Siebert Williams Shank & Co., LLC misreported or entirely failed to report 16,800 municipal securities trades to…
EvilCorporations.com • Securities Fraud • Insider Trading Rigged From the Start A 74-year-old Texas investor used secret merger intel to load up 15 family accounts with stock, then cashed out the moment regular people found out what he already knew.…
TL;DR For nearly five years, BTG Pactual US Capital, LLC ran a broken anti-money laundering system while sending billions of dollars in wire transfers to countries it flagged as high-risk. The firm let over 1,200 fraud alerts sit untouched for…
TL;DR Stephen Romney Swensen ran a Ponzi scheme through Crew Capital Group, LLC from at least July 2011 until his death in June 2022, stealing at least $29.3 million (enough to fully fund the retirement of over 580 average Americans)…
Fraud Investigation • Securities Fraud • Ponzi Scheme The Water Machine Lie: How Ryan Wear Stole $275 Million From Veterans, Retirees, and Institutions Using Machines That Didn’t Exist Filed: August 14, 2025 • SEC v. Ryan R. Wear, Water Station…
TL;DR Ashraf “Ash” Mufareh and his company ONPASSIVE (also called GoFounders) collected over $108 million (enough to fully fund the college education of roughly 2,700 students) from more than 800,000 investors worldwide by selling them spots in a pyramid scheme…