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.
THE DOSSIER The Accused: Bank of America, National Association, a licensed Sales Finance Company in Pennsylvania. The Misconduct: Systematically repossessed vehicles and sent repossession notices that illegally shortened the time consumers had to reclaim their property. The bank’s own “template”…
The Hidden Tax: How Essex Management Squeezes Tenants with Junk Fees TL;DR The Accusation: Essex Management Corporation, one of the largest apartment owners in the U.S., is facing a class-action lawsuit for systematically adding hidden “junk fees” to tenants’ monthly…
The housing market has become one of the most visible battlegrounds for wealth inequality in America—and Greystar is at the forefront of this crisis. With its vast portfolio of luxury properties and relentless rent hikes, the company caters to affluent…
Trust must be a cornerstone in the world of finance… an unshakeable foundation upon which individuals entrust their hard-earned money to institutions that promise to grow and protect it. But when that trust is systematically exploited for corporate greed, the…
The Lawsuit Exposing A Predatory ‘Rent-A-Tribe’ Scheme THE INVESTIGATION IN 60 SECONDS Who: East Line Lending, LLC, its parent company Wolf River Development Company, its CEO Crystal Chapman-Chevalier, and its financier New Platform Fund, LLC. What: Accused of issuing “predatory…
They Call It A ‘Bank Partner Model.’ Illinois Law Calls It A Crime. THE RECEIPTS: CASE FILE 1:24-CV-06489 The Accused: Opportunity Financial, LLC (OppFi), CEO Todd G. Schwartz, and CFO Pamela D. Johnson. The Charge: Arranging loans with predatory interest…
Wells Fargo has once again found itself at the center of a scandal that epitomizes corporate greed and disregard for consumer welfare. This time, the bank is accused of mishandling mortgage loan modifications, resulting in significant financial and emotional harm…
JPMorgan’s Double Game A lawsuit alleges the banking giant weaponized your trust to skim profits from your cash, acting as a “double agent” against its own customers. The Receipts: TL;DR The Scheme: JPMorgan’s brokerage arm, JPMS, is accused of automatically…
THE RECEIPTS: TL;DR The Case: Letidas Logistics LLC v. Citibank, N.A., Case No. CACE-24-009428, filed in Broward County, Florida. The Haul: $112 million raised from over 1,500 investors between August 2019 and June 2023. The Accusation: Citibank is accused of…
Walmart and Branch Forced Drivers Into Predatory Accounts Corporate Misconduct Accountability Project Walmart Inc. and Branch Messenger, Inc. · Enforcement action Walmart and Branch Forced Drivers Into Predatory Accounts Walmart and Branch Messenger coerced thousands of delivery drivers into predatory…