Banking & Securities Fraud Foreclosure Fraud Mortgage Fraud Our Daily News Securities Fraud US Securities and Exchange Commission (SEC)

Mortgage-Backed Securities

Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity. The entity then issues securities that represent claims on […]

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Banking & Securities Fraud Federal Bureau of Investigation (FBI) Investment Fraud Our Daily News Securities Fraud US Department of Justice (DOJ) US Securities and Exchange Commission (SEC)

Former Financial Services Executive Pleads Guilty To Rigging Bids for Financial Instruments in Violation of Antitrust Law

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, June 27, 2019 First Individual Defendant Pleads Guilty in Ongoing Pre-Release ADRs Investigation Larry D. Meyers, the former head of the securities lending desk at Banca IMI Securities Corp., pleaded guilty to a criminal antitrust charge for his involvement in a bid-rigging conspiracy for […]

Banking & Securities Fraud District of Columbia Investment Fraud Our Daily News Securities Fraud Tax Fraud US Department of Justice (DOJ) US Securities and Exchange Commission (SEC)

Former District of Columbia Attorney Previously Found Guilty of $2 Million Investment Fraud Scheme Pleads Guilty to Not Filing Tax Return

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, June 20, 2019 A former attorney recently convicted of securities fraud by a jury in the District of Columbia, pleaded guilty today to failure to file an income tax return and pay taxes, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the […]

Banking & Securities Fraud Federal Bureau of Investigation (FBI) International Government Fraud Our Daily News Political Fraud Securities Fraud US Securities and Exchange Commission (SEC)

Walmart Inc. and Brazil-Based Subsidiary Agree to Pay $137 Million to Resolve Foreign Corrupt Practices Act Case

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, June 20, 2019 Walmart Inc. (Walmart), a U.S.-based multinational retailer and its wholly owned Brazilian subsidiary, WMT Brasilia S.a.r.l. (WMT Brasilia), have agreed to pay a combined criminal penalty of $137 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices […]

Banking & Securities Fraud International Government Fraud Our Daily News Political Fraud Securities Fraud US Department of Justice (DOJ) US Securities and Exchange Commission (SEC)

Second New York Broker-Dealer Pleads Guilty To Rigging Bids for Financial Instruments in Violation of Antitrust Law

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, June 14, 2019 Sentenced to Criminal Fine in Excess of $3 Million Industrial and Commercial Bank of China Financial Services LLC (ICBCFS) pleaded guilty to an antitrust charge and was sentenced to pay a criminal fine in excess of $3 million for its involvement […]

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Cost of exec’s retirement flagged in Q1 $9.4m loss by CV Sciences

POSTED BY: HEMPTODAY™  MAY 9, 2019 U.S.-based CBD maker CV Sciences lost $9.4 million in the first quarter of 2019, the company said in a report issued May 8, 2019. The losses were “primarily related to additional stock-based compensation and payroll expense associated with the retirement of the company’s founder and former President and Chief Executive Officer,” Michael Mona, Jr., […]