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.
EvilCorporations.com • Case No. 1:25-cv-00681, E.D. Virginia • 29 min read PGI Global’s $198M Cryptocurrency Ponzi Scheme How Ramil Ventura Palafox sold fake crypto profits to everyday investors worldwide, pocketed $57 million, bought Lamborghinis with their Bitcoin, and transferred the…
EvilCorporations.com • Financial Fraud Investigation Forged Government Seals, Fake Audits, and Stolen Savings: How Aureus Revenue Group Ran a Ponzi Scheme on Immigrant Families EvilCorporations.com • Case 6:24-cv-01603, USDC Middle District of Florida • 37 min read TL;DR From September…
EvilCorporations.com • AWC No. 2021070253901 | FINRA vs. Fidelity Brokerage Services LLC • 11 min read How Did Fidelity Miss Eight Years of Fraud in Its Own System? One of America’s largest brokerages gave an employee free rein over thousands…
FINRA Enforcement • Case No. 2022075399001 The Firm That Looked Away: How IRC Securities Let Unregulated Investment Sales Run for Over Two Years EvilCorporations.com • FINRA AWC No. 2022075399001 • 6 min read TL;DR IRC Securities LLC, a registered brokerage…
EvilCorporations.com • FINRA AWC No. 2019061777501 • 6 min read UBS Hid 4.4 Million Trades From Regulators For Six Years The firm that claims to protect your wealth spent nearly six years feeding the government false data about millions of…
Your Broker Bet Your Retirement on Debt. They Won. You Paid. EvilCorporations.com • FINRA Case No. 2019064511206 • 10 min read TL;DR Newbridge Securities Corporation, a brokerage firm headquartered in Boca Raton, Florida, spent five years churning unsuitable high-risk margin…
Investigative Report • Health Fraud • Consumer Protection The Stem Cell Lie Machine How Steven Peyroux, Brent Detelich, and three interlocked companies built an $18 million empire on fake science, fake FDA approval, and the desperate hope of hundreds of…
CFTC Enforcement • Commodity Markets Fraud • Corporate Misconduct Trafigura Rigged Oil Prices, Traded on Stolen Secrets, Then Silenced Its Own Workers One of the world’s largest oil traders spent five years using confidential information it was never supposed to…
Berkshire Global Advisors Failed to Monitor Employee Trading Accounts Corporate Misconduct Accountability Project Berkshire Global Advisors LP · Regulatory Settlement Berkshire Global Advisors Failed to Monitor Employee Trading Accounts For years, the firm failed to track outside brokerage accounts held…
Predatory Lending • Student Debt • State Enforcement Navient’s Debt Trap: Arizona Sues Over Student Loan Lies and Deliberate Sabotage EvilCorporations.com • Arizona Superior Court, Case Filed January 13, 2022 • 6 min read TL;DR Arizona’s Attorney General sued Navient…