March 23, 2018/US SEC The Securities and Exchange Commission today announced charges and a preliminary injunction and asset freeze against Niket Shah, a New Jersey resident who stole more than $250,000 in a Ponzi scheme in which his friends and coworkers invested. Based on investor complaints, the SEC moved quickly […]
Frauds & Scandals
Fridays with Fintechs: Using Digital Escrow to Reduce Fraud
March 23, 2018/Mastercard by Peter Janes A friend of mine had his car stolen when trying to sell it to someone he met online. He handed over the keys to the potential buyer for a test drive and the moment he turned his back to make the buyer a cup […]
Court Orders Former F-Squared CEO to Pay Over $13 Million
22/3/2018/US SEC A federal judge has ordered the co-founder and former CEO of investment management firm F-Squared Investments to pay over $13 million after a federal jury found him liable for making false and misleading statements to investors as the public face of F-Squared. The SEC charged Present and F-Squared […]
