Frauds & Scandals

Facebook suspends data analytics firm CubeYou amid scandal

The social networking giant makes its third high-profile move against a data analytics company, just weeks after cutting off Cambridge Analytica. 8/4/2018/cnet.com by Steven Musil Facebook has suspended another data analysis firm for violating its policies in the wake of a scandal that alleges millions of users’ personal information was […]

SEC Obtains Final Judgment Against Investment Adviser and His Companies for Defrauding Clients

April 7, 2018/US SEC On April 2, 2018, a federal district court in Washington, D.C. entered final judgments against a Georgia-based investment adviser, Ikenna “Ike” Ikokwu, and his companies Winning the Money Game with Ike, Inc., and Winning the Money Game, LLC, all of which the SEC charged with fraud. […]

Facebook fined $33 million for failing to aid Brazil graft probe

5/4/2018/Reuters A Brazilian judge has ordered that Facebook Inc (FB.O) pay 111.7 million reais ($33.4 million) for failing to cooperate with a corruption investigation, federal prosecutors said on Thursday, prompting Facebook to say it was exploring “all legal options.” The judge fined Facebook for failing to give access in 2016 […]