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.
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…
EvilCorporations.com • Case No. 22-3076 | U.S. Court of Appeals, 2nd Circuit • 66 min read The $7.10 Lie: How Shanda Games Rigged Its Own Buyout to Rob Minority Shareholders of Millions A Chinese video game company cooked its financial…
TL;DR A father built two real estate LLCs in Wake County, North Carolina as an estate planning tool to pass 68 acres of undeveloped land to his four sons. Two of those sons, Jim and Charles, were made the only…
Deception for Dollars: The Bountiful Company’s Amazon Review Fraud The Facts Federal Trade Commission Complaint C-4791 alleges that The Bountiful Company, maker of Nature’s Bounty supplements, systematically faked Amazon reviews for its products throughout 2020 and 2021. They exploited an…
TL;DR Eversource Energy charges Massachusetts customers $102 every time their power is shut off and turned back on for nonpayment, a fee the lawsuit argues bears no relationship to the actual cost of flipping a switch. Restoring service costs Eversource…
Federal Investigation • Franchise Fraud • Case No. 2:22-CV-825 Burgerim’s “Business in a Box” Scammed Millions EvilCorporations.com • Case 2:22-CV-825, U.S. District Court, Central District of California • 21 min read TL;DR Burgerim and its CEO, Oren Loni, sold more…
EvilCorporations.com • CFPB File No. 2025-CFPB-0002 • 61 min read The Misconduct Credit Scores Are Broken, and Equifax Is Making It Worse A federal consent order has confirmed what millions of Americans already knew from bitter personal experience: Equifax has…
The Anatomy of a Scam: How Restoro Faked Your PC Errors to Steal Millions THE SHORT VERSION The Players: Two Cyprus-based companies, Restoro Cyprus Limited and Reimage Cyprus Limited. The Scam: Since at least January 2018, they ran a tech…
Class Action Investigation Bank of America’sRewards Bait-and-Switch EvilCorporations.com • Case 1:25-cv-10123 • District of Massachusetts • 18 min read TL;DR Bank of America advertised, confirmed in writing, and contractually promised 70,000 bonus miles plus 100 XP to customers who spent…