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 Misconduct How Hovde Group Let Market Integrity Collapse Behind Closed Doors EvilCorporations.com • AWC No. 2024080106601 • 7 min read TL;DR Hovde Group, LLC, a FINRA-registered investment banking firm based in Inverness, Illinois, went nearly four years without reviewing…
The Billion-Dollar Shell Game at Broad Street Global TL;DR Broad Street Global Management and its executives David J. Feingold, Joseph B. Baldassarra, and Steven S. Baldassarra raised over $1 billion from more than 1,000 investors through an ongoing offering fraud.…
Fraud Investigation • Securities Fraud • Miami, FL Fifty Investors. $5.4 Million. Zero Trucks in Their Names. EvilCorporations.com • Case No. 1:25-cv-21223, S.D. Florida • 21 min read TL;DR Morbex Automation LLC, based in Miami, Florida, raised at least $5.4…
FINRA Enforcement Action • AWC No. 2021069377402 How Did “Investments for You” Turn Into Misconduct for All? EvilCorporations.com • FINRA AWC No. 2021069377402, Marysville, OH • 13 min read TL;DR Investments for You, Inc., a small broker-dealer in Marysville, Ohio,…
EvilCorporations.com • CFTC Docket No. 24-18 • 20 min read The World’s Largest Custody Bank Hid Five Million Trades From Regulators. They Did It Twice. The Bank of New York Mellon spent five years misreporting millions of swap transactions to…
FINRA Enforcement • Securities Fraud $1.36 Million in Phantom Equity.The Fine Was $25,000. EvilCorporations.com • FINRA AWC No. 2022077353201 • 8 min read TL;DR Sentinel Brokers Company, Inc. (SBC) received $1,364,412 from affiliated companies between April and June 2022, then…
Crypto Fraud / SEC Enforcement / Utah Federal Court Case No. 2:23-cv-00159-AMA-CMR | U.S. District Court, District of Utah The Green Box Scam: How Two Men Sold a Fake Crypto Mine to Ordinary Investors and a Federal Court Just Refused…
FINRA Enforcement • Municipal Bonds • Pay-to-Play The Firm That Let Dirty Money Flow Into Public Finance EvilCorporations.com • FINRA AWC No. 2021070877701 • 10 min read TL;DR The Frazer Lanier Company, a Montgomery, Alabama municipal bond firm operating since…
EvilCorporations.com / Financial Fraud / FINRA Enforcement They Sold $13 Million in Risky Bets Without Doing the Homework EvilCorporations.com • FINRA AWC No. 2019060753601 • 12 min read TL;DR Cova Capital Partners LLC, a FINRA-registered broker-dealer based in Syosset, New…
CFTC Enforcement • Financial Oversight • Swap Dealer Misconduct TD Bank’s $4 Million Fine: Pocket Change for a 5-Year Oversight Failure That Endangers Markets EvilCorporations.com • CFTC Docket No. 24-13 • 15 min read TL;DR TD Bank, one of North…