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.
Vorpahl Wing’s Fake Capital and the Ethics of Deregulated Finance EvilCorporations.com • FINRA AWC No. 2023077025601 • 10 min read TL;DR Vorpahl Wing Securities, a Spokane, Washington broker-dealer with just four registered representatives, ran its securities business on at least…
EvilCorporations.com • FINRA AWC No. 2022075315401 • 9 min read Ceros Financial Services:They Moved Your Money After Changing the Rules When the terms of three investment offerings were quietly rewritten mid-raise, Ceros Financial Services did not stop, notify investors, or…
EvilCorporations.com • AWC No. 2020066754701 • 11 min read Wall Street Access Ran 1,900 Illegal Trades. FINRA Found Out Two Years Later. A broker-dealer in New York spent 18 months cutting corners on the rules that protect investors from getting…
Investigative Report • Fixed Income Markets • FINRA AWC No. 2020065254901 Dirty Timestamps: How MarketAxess Corrupted Bond Market Data for 15 Years and Walked Away With a $180,000 Slap EvilCorporations.com • FINRA AWC No. 2020065254901 • 10 min read TL;DR…
Financial Misconduct • FINRA Enforcement The Firm That Decided Dirty Money Was Someone Else’s Problem Young America Capital LLC wrote into its own rulebook that it had no obligation to watch for money laundering. Then it kept those words in…
FINRA Enforcement • AWC No. 2021072581901 • Accepted January 22, 2025 They Hired Influencers to Sell Brazilian Investors a Lie EvilCorporations.com • FINRA AWC No. 2021072581901, Avenue Securities LLC, Accepted Jan. 22, 2025 • 14 min read TL;DR Avenue Securities…
Commodity Fraud • Crypto Scam • Federal Court If Mosaic Exchange Never Made Money, Why Did It Take Years to Stop Them? EvilCorporations.com • Case No. 23-81320-CIV-CANNON, S.D. Fla. (Dec. 23, 2024) • 31 min read TL;DR Mosaic Exchange Limited…
He Took $6.2 Million From 199 People. The Court Just Handed Him a $31 Million Bill. EvilCorporations.com • Case No. EP-21-CV-00237-DCG • 18 min read TL;DR Abner Alejandro Tinoco, operating through his company Kikit & Mess Investments, LLC, defrauded 199…
Financial Fraud • Market Integrity • Regulatory Capture Who Watches the Watchmen? FINRA Fails to Deter IAA’s Market Misconduct EvilCorporations.com • AWC No. 2023077021801 / CRD No. 10645 • 7 min read TL;DR International Assets Advisory, LLC (IAA), a retail…
SEC Enforcement Action • Securities Fraud • Case 2:25-cv-01043-DMF Cannabis Hype, Empty Promises, and a Man Who Spent Your Retirement at the Casino EvilCorporations.com • SEC v. Spargo, CannaCloud, Inc., and D.A. Spargo & Co., LLC • 21 min read…