TL;DR Three executives at Aequitas Management LLC raised $346 million from private investors while secretly running what their own general counsel called a Ponzi scheme. Investor money pitched as funding for “secure receivables” was overwhelmingly diverted to pay off earlier…
TL;DR Edwin Brant Frost IV and his company First Liberty Building & Loan raised at least $140 million (enough to buy every home in a small American town) from approximately 300 investors between 2014 and June 2025. Frost told investors…
Ponzi Scheme | Financial Fraud | SEC Enforcement He Called It an Investment. The SEC Calls It Theft. Edwin Lickiss spent years selling fake government bonds to dozens of trusting people, pocketing their money to pay his own bills and…
Investment Fraud / SEC Enforcement How to Turn Love and Trust Into a $5.5 Million Piggy Bank A Bronxville financial advisor spent 14 years looting his family and closest friends, then told them their money was growing. It wasn’t. The…
EvilCorporations.com • Case 3:24-cv-05815-BHS • 50 min read Shell Companies, Stolen Futures: How Aipu and Fidefx Robbed 34 People of $4.6 Million in Fake Crypto Trades TL;DR Between February 6, 2023, and September 27, 2024, two UK-registered shell companies called…
TL;DR Stephen Romney Swensen ran a Ponzi scheme through Crew Capital Group, LLC from at least July 2011 until his death in June 2022, stealing at least $29.3 million (enough to fully fund the retirement of over 580 average Americans)…
Fraud Investigation • Securities Fraud • Ponzi Scheme The Water Machine Lie: How Ryan Wear Stole $275 Million From Veterans, Retirees, and Institutions Using Machines That Didn’t Exist Filed: August 14, 2025 • SEC v. Ryan R. Wear, Water Station…
Financial Fraud Investigation The GDLogix Deception: How $1.5 Million in Investor Cash Evaporated Source Filed: July 10, 2017 | U.S. Commodity Futures Trading Commission v. Daniel Winston LaMarco and GDLogix Inc. TL;DR Daniel Winston LaMarco, operating through his company GDLogix…
EvilCorporations.com Investigative Desk — Securities Fraud This Is The Face Of Someone Who Did A $2.5M Ponzi Scheme Case Filed: May 15, 2025 | Civil Action No. 25-CV-11379 | U.S. District Court, District of Massachusetts TL;DR Christopher Aubin, age 30,…
TL;DR Case No. 2:25-cv-00895, filed May 21, 2025 in the U.S. District Court for the District of Nevada. Plaintiff: the Securities and Exchange Commission. Defendants Joel J. Natario and Jefferson Scott “Patch” Baker stole more than $10 million from approximately…