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 $100 Million Cancellation Maze: How Vonage Trapped Its Customers TL;DR: The Fine Print The Federal Trade Commission (FTC) sued Vonage for using illegal tactics to trap customers in their phone service plans. Vonage was caught failing to provide a…
Corporate Predation Inside America’s Jails They Charged Families to Talk to Their Locked-Up Loved Ones. Then They Stole the Money Left Over. EvilCorporations.com • CFPB Case No. 2024-CFPB-0015 | Filed November 14, 2024 • 35 min read Global Tel Link,…
FTC Enforcement • Student Loan Fraud They Charged Students for a Scam and Called It Debt Relief EvilCorporations.com • Case No. 8:23-CV-01495-SB-JDEx • 22 min read TL;DR A company called Intercontinental Solutions LLC and a sister entity called Express Enrollment…
FTC Lawsuit: Wisconsin Auto Dealer Charged Secret ‘Racial Tax’ to American Indian Customers The Gist of the Grift Who: Rhinelander Auto Center, a group of dealerships in Wisconsin, and its general manager Daniel Towne. The Accusation: A federal lawsuit by…
Investigative Report • FTC v. BlueSnap, Inc. et al. How BlueSnap’s Executives Enabled a Decade of Deception EvilCorporations.com • Case No. 1:24-cv-01898-MHC (N.D. Ga.) • 49 min read TL;DR BlueSnap, Inc. is a global payment processor sued by the FTC…
FTC Complaint • Docket No. D-9436 Rigged at the Dealership Asbury Automotive Group Charged Black and Latino Customers Thousands More for Junk Add-Ons EvilCorporations.com • FTC Complaint Filed October 8, 2024 • 24 min read TL;DR The Federal Trade Commission…
The Facts Case: CFPB Consent Order, File No. 2025-CFPB-0003. Corporation: American Honda Finance Corporation. Timeframe: Violations occurred from January 1, 2019, to December 31, 2024. Affected: Nearly 85,000 consumers who accepted COVID-19 payment deferrals. The Misconduct Honda promised to report…
Draper & Kramer’s Redlining Scheme What: Federal lawsuit by the Consumer Financial Protection Bureau (CFPB) against Draper & Kramer Mortgage Corporation (DKMC). Case Number: 25-cv-00605, filed in the U.S. District Court, Northern District of Illinois. When: From at least 2019…
System Failure The Receipts THE ACCUSED: Vanderbilt Mortgage and Finance, Inc., a subsidiary of Clayton Homes, which is a subsidiary of Berkshire Hathaway, Inc. THE CHARGE: Systematically originating predatory mortgage loans for manufactured homes to financially vulnerable people, knowing they…
Grubhub’s ‘Pricing Shell Game’: Deceiving Diners, Exploiting Restaurants, And Lying To Drivers TL;DR Grubhub lures customers with low “delivery fees” then secretly adds hefty “service” and “small order” fees at the final checkout screen, often doubling the price. The “free…