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.
A Decade of Deception TL;DR The Facts: From 2011 to 2022, online brokerage firm Interactive Brokers LLC systematically failed to report critical information to the Financial Industry Regulatory Authority (FINRA), the watchdog meant to police Wall Street. The Misconduct: The…
EvilCorporations.com — Investigative Finance Financial Misconduct • FINRA Enforcement The American Trust Playbook for Hurting Our Wallets From peddling illegal securities to skipping background checks on its own brokers, American Trust Investment Services ran a six-violation operation while ordinary people…
Death Threats and a $25 Million Digital Gold Rush TL;DR The Federal Trade Commission is suing a web of companies operating as “Ascend” and its co-founders, William Michael Basta and Jeremy Kenneth Leung, for running a massive business opportunity scam…
Financial Fraud • Broker-Dealer Misconduct • Retail Investor Harm How Regulus Financial Deceived Retail Investors For 3 Years Source: FINRA Letter of Acceptance, Waiver, and Consent No. 2023077077001 • Published by EvilCorporations.com TL;DR Regulus Financial Group, a Michigan-based broker-dealer serving…
TL;DR Revere Securities LLC, a FINRA-licensed Wall Street broker-dealer, falsified approximately 19,000 trade records over a ten-year period spanning April 2013 to February 2023. The firm systematically labeled broker-recommended trades as “unsolicited” (meaning the client asked for them), hiding the…
Financial Crime & Regulatory Capture A $20,000 Fine for Years of Money Laundering Violations Sonenshine & Company ignored federal anti-money laundering law for over six years. The penalty? Less than most Americans earn in a year. TL;DR Sonenshine & Company,…
SEC Enforcement • Investment Fraud • Crypto Scam • Recidivist Operator The Man The SEC Already Banned, Who Ran A Fake Crypto Fund Anyway Ian O. Mausner had already been barred from the securities industry for a $10 million fraud…
TL;DR Endo International, a pharmaceutical giant that manufactured and sold opioids to millions of Americans, filed for Chapter 11 bankruptcy in 2022 after accumulating more than $4.5 trillion in deemed opioid claims from states, cities, tribes, hospitals, schools, and individual…
TL;DR Millennia Housing Management and its CEO Frank Sinito illegally drained $3,111,525 (roughly what it costs to house 84 low-income families for a full year) from 16 federally subsidized affordable housing properties across Ohio, Michigan, and Iowa. The money went…
Investigative Report • Data Breach • Workers’ Rights The Washington Post Exposed Its Workers’ Bank Accounts and Did Nothing For Weeks Filed: December 4, 2025 • Source: Federal Class Action Complaint, Kim v. WP Company LLC TL;DR A cyberattack on…