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 The fraud ran for over three years. From February 2022 to the date of filing in May 2025, the operators of Unicoin, Inc. raised more than $100 million from over 5,000 investors by selling “Unicoin Rights Certificates”, which were…
EvilCorporations.com • SEC v. Alexander, Welsh & Conner • 50 min read The $91 Million Ponzi Scheme Sold by Vanguard Holdings Group Three people promised international bond trading profits to over 200 investors. There were no bonds. There was no…
Financial Misconduct Investigation Blind Eye, Open Door: How Redbridge Securities Let Market Manipulators Walk Free for Four Years EvilCorporations.com • FINRA AWC No. 2020068737101 • 17 min read TL;DR Redbridge Securities LLC, a retail trading platform based in Plano, Texas,…
EvilCorporations.com • AWC No. 2022076268801 • 6 min read 145,898 Violations. $65,000 Fine. Less Than $0.45 Each. Tradeweb Direct spent nine months hiding a data field that tells the public whether a bond trade included dealer profit. FINRA’s punishment works…
EvilCorporations.com Investigates Class Action Filed Stake.us Is A Crypto Casino Dressed In A Halloween Costume EvilCorporations.com • Case No. 1:25-cv-03736, N.D. Ill. • 40 min read TL;DR Stake.us, operated by Cyprus-based Sweepsteaks Limited, is being sued in federal court in…
TL;DR Bank of America ran a “Bill Pay” autopay program and actively enrolled customers into it, then secretly cancelled their enrollment if they didn’t also hold an active Bank of America checking, savings, or credit card account. This eligibility requirement…
Crypto Fraud / Class Action Investigation The Qbit $28M Pig Butchering Machine EvilCorporations.com • Case 5:25-cv-02565, U.S. District Court N.D. California • 61 min read A Silicon Valley fintech company and its CEO allegedly ran a crypto laundering operation that…
Class Action • Case No. 1:25-cv-01723 • N.D. Illinois Rigged From Ontario:How Blazesoft Built Two Fake “Sweepstakes” Casinos to Drain Real Money From American Players EvilCorporations.com • Case No. 1:25-cv-01723, N.D. Ill., Filed Feb. 19, 2025 • 51 min read…
Class Action Investigation Fabletics: The $59.95 Trap How a celebrity-backed activewear brand built its empire on a membership program that was allegedly designed to deliver less than it promised, charge without consent, and pocket your money when credits expired. EvilCorporations.com…
Class Action Investigation The Free Shipping Lie: How Route and TA3 Charged You for Protection You Already Had EvilCorporations.com • Case No. 2:25-cv-02665 • Filed March 26, 2025 • 30 min read TL;DR TA3, a luxury swimwear brand, and Route…