Wells Fargo is reportedly grappling with regulatory obligations to enhance its monitoring of financial crime. Regulators have issued formal orders to Wells Fargo, instructing the bank to bolster its ability to detect and prevent criminals from exploiting its accounts or products, The Wall Street Journal (WSJ)...
The Securities and Exchange Commission (SEC) has taken legal action against Matthew Motil, the host of “The Cash Flow King” podcast, for allegedly defrauding investors in an $11 million Ponzi scheme. Motil is accused of raising funds from over 50 investors through the sale of promissory notes...
Federal authorities have charged an Ohio man with taking part in a fraudulent cryptocurrency investment scheme that raised at least $10 million from investors. According to a news release from the U.S. Justice Department, Rathnakishore Giri, 27, is accused of misleading investors by falsely claiming...
The federal Commodities Figure Trading Commission (CFTC) filed civil charges against an Ohio man and his three companies, alleging he perpetuated a digital asset trading scam much like a “Ponzi scheme” that bilked would-be investors of at least $12 million. In addition to bringing charges...
March 14, 2024
The Securities and Exchange Commission (SEC) has charged 17 individuals connected with Houston-based CryptoFX, alleging that they were involved in a Ponzi scheme. These charges come about 18 months after the SEC filed an emergency action to halt the crypto-asset Ponzi scheme and then worked to identify the individuals who were allegedly involved, the agency said in a […]
November 16, 2023
Wells Fargo is reportedly grappling with regulatory obligations to enhance its monitoring of financial crime. Regulators have issued formal orders to Wells Fargo, instructing the bank to bolster its ability to...
September 25, 2023
The Securities and Exchange Commission (SEC) has taken legal action against Matthew Motil, the host of “The Cash Flow King” podcast, for allegedly defrauding investors in an $11 million Ponzi scheme. Motil...
November 20, 2022
Federal authorities have charged an Ohio man with taking part in a fraudulent cryptocurrency investment scheme that raised at least $10 million from investors. According to a news release from...
