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 Roderick Vanderbilt, the nominal Executive Chairman of public company Vinco Ventures, signed official SEC filings he knew were lies, hiding that a criminally charged fraudster named Theodore Farnsworth was secretly running the entire company. Vinco raised more than $120…
EvilCorporations.com Investigates They Called for Help.These Companies Lied to Them. Filed: June 24, 2025 | Source: FTC v. Mercury Marketing et al. | Case No. 1:25-cv-02021 TL;DR Mercury Marketing ran Google ads impersonating hundreds of real addiction treatment facilities, redirecting…
Investigation | Financial Fraud | Filed June 4, 2025 Your Investment Advisor Bought Himself a House With Your Money El Capitan Advisors and its CEO Andrew Nash stole $15.3 million from a single client, fabricated account statements for over a…
Investigation: Predatory Solar Finance / California / Filed May 2025 The Solar Trap: How PG&E and Its Partners Allegedly Turned Clean Energy Into a $20,000 Hidden-Fee Scam SOURCE: CLASS ACTION COMPLAINT, BEATTY V. SUNGAGE FINANCIAL ET AL., FILED MAY 30,…
Investigation: Payment Infrastructure Paddle.com Ran the Register for Tech Support Scammers Filed June 20, 2025 · Source: FTC Stipulated Order, Case 1:25-cv-01886 · EvilCorporations.com Investigative Desk TL;DR The FTC charged Paddle.com Market Limited and Paddle.com, Inc. with assisting deceptive tech…
TL;DR The FTC permanently banned Blackrock Services, Inc. and its operators from the debt collection industry forever, in a court order entered June 2025. The company ran at least five shell entities with names like “Cornerstone Legal Group” and “Civil…
TL;DR Financial Northeastern Securities, a New Jersey brokerage, missed the legally required 15-minute trade reporting window on approximately 1,000 bond transactions between January 2022 and June 2024. FINRA had already warned the firm twice in 2021 about the exact same…
TL;DR Liberty Partners Financial Services, a Raleigh-based brokerage firm, was fined $55,000 (roughly the annual salary of a full-time retail worker) by FINRA for a multi-year pattern of regulatory violations. For over three years (July 2020 to December 2023), Liberty…
TL;DR Joseph Stone Capital, a registered broker-dealer with roughly 30 reps, broke FINRA’s Taping Rule for nearly three years, from September 2021 through July 2024. The firm failed to record client phone calls for six of its registered representatives, losing…
EvilCorporations.com Investigates · Financial Industry · FINRA Enforcement The CEO Who Looted His Own Firm on the Way Down Source: FINRA AWC No. 2022076084101 · Percival Financial Partners, Ltd. & Kenneth P. Taylor, Sr. · Published April 21, 2025 TL;DR…