Corporate Greed Case Study: Evergreen Property Developments LLC & Its Impact on the Korean-American Community TL;DR: An investment adviser, Jenni Yoon Jeong Lee, and her company, Evergreen Property Developments LLC, stand accused by the Securities and Exchange Commission of orchestrating…
Religious Greed Case Study: The Mattson Scheme & Its Impact on Defrauded Investors TLDR: According to a complaint filed by the Securities and Exchange Commission, Kenneth Mattson, a prominent California businessman, orchestrated a sprawling, multi-decade Ponzi-like scheme that defrauded hundreds…
Corporate Negligence Case Study: United First Partners & Its Impact on Market Integrity TL;DR: From 2019 to 2022, financial firm United First Partners (UFP) operated with a stunning disregard for fundamental market rules. The firm allowed its research analysts and…
Corporate Malfeasance Case Study: Celtic Ocean International, LLC & Its Impact on Public Health TL;DR: A lawsuit alleges that Celtic Ocean International, the company behind the popular Selina Naturally® Celtic Sea Salt®, has been selling products contaminated with significant levels…
Corporate Misconduct Case Study: Nordic Energy Services & Its Impact on Energy Customers TLDR: A class action lawsuit alleges that Nordic Energy Services, LLC, an alternative retail energy supplier, engaged in a “bait-and-switch” scheme, defrauding tens of thousands of residential…
Nate Inc. CEO Alberto Saniger Charged with $42M AI Investment Fraud Corporate Misconduct Accountability Project Nate, Inc. · SEC Enforcement Action Nate Inc. CEO Alberto Saniger Charged with $42M AI Investment Fraud Alberto Saniger falsely claimed his shopping app used…
Upright Financial Defrauded Investors After SEC Settlement Corporate Misconduct Accountability Project Upright Financial Corp. · SEC Enforcement Action Upright Financial Defrauded Investors After SEC Settlement Investment adviser David Chiueh and Upright Financial Corp allegedly continued violating fund concentration limits for…
TL;DR: According to a legal complaint filed by the Securities and Exchange Commission, real estate developer Joshua Schuster and his company, Silverback, stand accused of orchestrating a brazen fraud. They raised over $6 million from investors for a high-end Manhattan…
The Kingman House: Built on a $3.2 Million Lie TL;DR The Facts: Gaylen Rust’s company, Rust Rare Coin, ran a silver-trading Ponzi scheme called the “Silver Pool.” Investor Les Howell put in about $1.2 million and walked away with over…
The Receipts: Dossier R411001 The Facts: On November 27, 2024, Federal Trade Commissioner Andrew N. Ferguson issued a formal dissent (Matter Number R411001) regarding a new rule to regulate telemarketers. The Misconduct: Ferguson admitted his dissent was not because the…