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.
Environmental Enforcement • Clean Air Act • Region 4 Twelve Tons of Chlorine, Zero Oversight: How Siemer Milling Put Hopkinsville at Risk EvilCorporations.com • CAA-04-2024-0301(b) • 24 min read TL;DR Siemer Milling Company, a flour bleaching operation in Hopkinsville, Kentucky,…
FTC vs Burton Katz: $102M Government Services Scam Targeting Vulnerable Corporate Misconduct Accountability Project On Point Global · FTC Enforcement Action and Civil Contempt FTC vs Burton Katz: $102M Government Services Scam Targeting Vulnerable Burton Katz and Brent Levison ran…
FTC v. Elegant Solutions, Inc. et al. • Case No. SACV 19-1333JVS (KESx) They Took Your Loan Payment and Kept It EvilCorporations.com • C.D. Cal. Final Judgment, July 17, 2020 • 28 min read TL;DR Five companies and four individual…
“We found 310 jobs in your area!” These words greet consumers on a job-search website, a cheerful promise of opportunity for those who have lost work or are seeking a fresh start. Yet, unbeknownst to many, just by entering their…
FleetCor’s Fee Machine: How CEO Ronald Clarke Engineered a Hundreds-of-Millions-Dollar Raid on Small Businesses TL;DR The Facts: The Federal Trade Commission filed a complaint (Case No. D-9403) against FleetCor Technologies, Inc. and its CEO, Ronald Clarke, detailing a multi-year scheme…
TL;DR During the COVID-19 pandemic, Womply (legally: Oto Analytics, Inc.) marketed a program called “PPP Fast Lane” to freelancers, gig workers, and small business owners, promising they would receive forgivable federal loans of up to $41,666 in as little as…
TL;DR Wise US Inc., a fintech company with 3.1 million U.S. customers, was caught running a scheme of deceptive fee disclosures and regulatory violations that cost ordinary consumers real money across multiple product lines simultaneously. Wise told users ATM fees…
T-Mobile’s $3.49 Lie: The Hidden Fee Scheme Running Since 2004 EvilCorporations.com • Case No. 2:24-cv-09344, C.D. Cal., Filed Oct. 29, 2024 • 15 min read TL;DR T-Mobile has charged a fee called the “Regulatory Programs and Telco Recovery Fee” —…
TL;DR Alexion Pharmaceuticals charged between $500,000 and $700,000 per patient per year for its drug Soliris, a treatment for rare genetic diseases used by roughly 11,000 people worldwide. To keep that revenue flowing, the company allegedly deployed extreme sales tactics,…
Fake Debt Relief Companies Stole Millions While Trapping Consumers in More Debt Corporate Misconduct Accountability Project ACRO Services LLC and affiliated entities · FTC enforcement action Fake Debt Relief Companies Stole Millions While Trapping Consumers in More Debt A network…