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.
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…
TL;DR: According to a legal complaint filed by the Securities and Exchange Commission, real estate developer Joshua Schuster and his company, Silverback, stand accused of orchestrating a brazen fraud. They raised over $6 million from investors for a high-end Manhattan…
CFTC Docket No. 24-30 • Commodities Fraud • Energy Markets How Aspire Commodities Turned Natural Gas Into a Weapon of Profit EvilCorporations.com • CFTC Docket No. 24-30 • 12 min read TL;DR Aspire Commodities LLC, a derivatives trading firm operating…
FINRA Enforcement • AWC No. 2022076365001 • Wall Township, NJ CIM Securities and the Exploitation Machine of Deregulated Finance EvilCorporations.com • FINRA AWC No. 2022076365001 • 14 min read TL;DR CIM Securities, LLC, a small New Jersey brokerage firm, sold…
SEC Complaint • Case 1:25-cv-02702 • Filed April 1, 2025 The $284 Million Bond Fraud Behind Arizona’s Mega Sports Complex EvilCorporations.com • SEC v. Randall J. Miller, Chad J. Miller & Jeffrey De Laveaga • 22 min read TL;DR $284…
The Short Version TL;DR Dean Dellas, operating through his unregistered firm DSD Capital Management LLC, stole more than $690,000 from two clients he had cultivated over a decade: a 61-year-old tradesman saving for retirement and the man’s 91-year-old mother who…
TL;DR Truist Bank, a federally registered swap dealer headquartered in Charlotte, North Carolina, spent years letting employees including senior supervisors conduct business on personal text messages and unapproved apps, destroying the paper trail that regulators are legally required to see.…
How NOLA FX Capital Weaponized Investor Optimism to Scam $7.6 Million EvilCorporations.com • Case No. 2:24-cv-02550, U.S. District Court, Eastern District of Louisiana • 30 min read TL;DR A New Orleans man named Michael B. DePetrillo used two shell companies,…
Case No. 1:25-cv-00539 • SEC v. Nova Labs, Inc. How False Claims About Salesforce & Nestlé Fueled a $200M+ Crypto Scam EvilCorporations.com • SEC v. Nova Labs, Inc., SDNY 2025 • 67 min read TL;DR Nova Labs, the company behind…