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.
FINRA ENFORCEMENT AWC NO. 2022076848801 PENNY STOCK FRAUD GATEWAY How a New York Broker Kept Its Suspicious Activity Blind Spots Running for Three and a Half Years Herold & Lantern Investments, Inc. | Melville, New York | CRD No. 30996…
Securities Fraud • Crypto Asset Scam • SEC Complaint He Promised a Billion-Dollar Crypto Safety Net. He Bought a Horse. EvilCorporations.com • Case No. 26 Civ. 2293, E.D.N.Y. • 12 min read TL;DR Donald G. Basile, CEO of Monsoon Blockchain…
How Johnson & Johnson Sabotaged a $2.35 Billion Promise and Got Caught TL;DR Johnson & Johnson acquired medical robotics startup Auris Health in 2019 for $3.4 billion upfront plus up to $2.35 billion in milestone payments tied to FDA approvals…
Case No. 2:22-cv-11943 | CFTC v. Middlebrooks & EIA EvilCorporations.com Investigative Desk Source: CFTC Complaint filed August 19, 2022 | Eastern District of Michigan The Phantom Fund: How Andrew Middlebrooks Fabricated $139 Million, Invented Auditors, and Watched Real Investors Lose…
CVS Caremark Accused of Operating Criminal Enterprise to Defraud Union Health Plans TL;DR A roofers union health plan filed a federal class action lawsuit accusing CVS Caremark of operating a criminal racketeering enterprise to defraud union health plans, employers, and…
EvilCorporations.com Filed: Aug 19, 2022 | Case 2:22-cv-11943 | E.D. Mich. Investigative Report: Financial Fraud The Fund That Couldn’t Lose(Because the Numbers Were Made Up) From 2017 to 2022, Andrew Middlebrooks and EIA All Weather Alpha Fund I told dozens…
EvilCorporations.com Investigative Finance Civil Rights / Algorithmic Lending The Black Box That Decides Who Gets a Home By the EvilCorporations.com Investigative Desk February 2026 | Oliver v. Navy Federal Credit Union, No. 24-1656 (4th Cir. 2026) TL;DR Navy Federal Credit…
EvilCorporations.com // Financial Accountability Desk Class Action // Banking // Consumer Fraud Your Bank Charged You Twice. Then Told You to Wait. Bank of America’s autopayment system has been pulling money from customers’ accounts after their balances hit zero. A…
The Growth Illusion: Under Armour’s $100M Lie TL;DR: THE RECEIPTS The Crime: Under Armour faked a “20% revenue growth streak” by pulling future orders into current quarters. The Payoff: Executives, including CEO Kevin Plank, sold millions in stock while the…
CBA Pharma Cancer Drug Fraud: SEC Charges 2026 | EvilCorporations.com EvilCorporations.com | Investigative Financial Journalism | SEC Case: 5:26-cv-00042-KKC SEC Enforcement Action • Eastern District of Kentucky • Filed: February 5, 2026 They Told Cancer Patients’ Families a Cure Was…