Securities Fraud

In this image provided by the U.S. Immigration and Customs Enforcement, this March 24, 2020, photo, shows unapproved COVID-19 tests that were seized on March 22, 2020 from the DHL Express Consignment Facility at JFK Airport in the Queens borough of New York. Federal officials say the COVID-19 outbreak has unleashed a wave of fraud. An arm of the Department of Homeland Security, Homeland Security Investigations, has opened more than 300 cases in recent weeks that include counterfeit products and medicines as well as fake tests for the virus. (U.S. Immigration and Customs Enforcement via AP)
1010 WINS Newsroom
May 12, 2020 - 6:57 am
WASHINGTON (AP) — A 39-year-old former investment manager in Georgia was already facing federal charges that he robbed hundreds of retirees of their savings through a Ponzi scheme when the rapid spread of COVID-19 presented an opportunity. Christopher A. Parris started pitching himself as a broker...
Read More
FILE - In this Tuesday, March 10, 2009, file photo, former financier Bernie Madoff exits federal court in Manhattan, in New York. Madoff asked a federal judge Wednesday, Feb. 5, 2020, to grant him a “compassionate release” from his 150-year prison sentence, saying he has terminal kidney failure and less than 18 months to live. (AP Photo/David Karp, File)
1010 WINS Newsroom
February 05, 2020 - 7:07 pm
NEW YORK (AP) — Epic Ponzi schemer Bernard Madoff asked a federal judge Wednesday to grant him a “compassionate release” from his 150-year prison sentence, saying he has terminal kidney failure and less than 18 months to live. Madoff's attorney filed court papers saying the 81-year-old has end-...
Read More
1010 WINS Newsroom
December 10, 2019 - 10:05 pm
NEWARK, N.J. (AP) — Three men were charged with running a cryptocurrency mining operation that officials labeled a “high-tech Ponzi scheme" that bilked investors out of $722 million, federal officials announced Tuesday. Matthew Goettsche, 37, was arrested Tuesday in Colorado, while Jobadiah Weeks,...
Read More
The dais in the hearing room where the House will begin public impeachment inquiry hearings Wednesday, is seen on Tuesday, Nov. 12, 2019, on Capitol Hill in Washington. With the bang of a gavel, House Intelligence Committee Chairman Adam Schiff will open the hearings into President Donald Trump's pressure on Ukraine to investigate Democratic rival Joe Biden's family. (AP Photo/Jacquelyn Martin)
1010 WINS Newsroom
November 12, 2019 - 6:32 pm
WASHINGTON (AP) — The public impeachment inquiry hearings set to begin Wednesday will pit a Democratic attorney who built his reputation as a federal mob and securities fraud prosecutor against a GOP House Oversight investigator who helped steer some of the most notable probes of the Obama...
Read More
Perry Santillo walks outside the federal courthouse in Scranton, Pa., Monday, Nov. 4, 2019, after pleading guilty to a federal fraud charge. Prosecutors say Santillo masterminded a Ponzi scheme that took in more than $115 million from investors around the country. (AP Photo/Michael Rubinkam)
1010 WINS Newsroom
November 04, 2019 - 5:31 pm
SCRANTON, Pa. (AP) — The fraudster called himself "King Perry," and for a while he lived like royalty. Perry Santillo masterminded a long-running investment scam that collected more than $115 million from 1,000 investors around the country, using some of the proceeds to fund a lavish lifestyle of...
Read More
1010 WINS Newsroom
November 01, 2019 - 3:47 pm
WASHINGTON (AP) — The Supreme Court will consider taking away an important tool that federal securities regulators used last year to recoup $2.5 billion in ill-gotten gains in fraud cases. The justices said Friday they will hear an appeal contending that the Securities and Exchange Commission lacks...
Read More
FILE - In this Sept. 16, 2019 photo, McGregor Scott, U.S. Attorney for the Eastern District of California, stands next to a 1967 Ford Shelby GT 500, that was seized along with other cars by the federal government that are now housed in a warehouse in Woodland, Calif. Two employees of a defunct San Francisco Bay Area solar energy company pleaded guilty Tuesday, Oct. 22, 2019, to participating in what federal prosecutors say was a massive $2.5 billion fraud scheme that defrauded investors of $1 billion. It’s the largest single-owner car collection ever auctioned by the U.S. Marshals Service, with vehicles to be auctioned off on Wednesday. (Randy Pench/The Sacramento Bee via AP)
1010 WINS Newsroom
October 22, 2019 - 11:14 pm
SACRAMENTO, Calif. (AP) — Two employees of a San Francisco Bay Area solar energy company pleaded guilty Tuesday to participating in what federal prosecutors say was a massive scheme that defrauded investors of $1 billion. While the company's owners have not been charged, they agreed to let the...
Read More
1010 WINS Newsroom
September 24, 2019 - 6:53 pm
NEW YORK (AP) — Data-measurement firm Comscore has settled fraud charges with the Securities and Exchange Commission and will pay a $5 million penalty. Its former CEO, Serge Matta, will also pay $700,000 and give Comscore back $2.1 million from his pay and sales of company stock. He is also barred...
Read More
August 15, 2019 - 11:54 am
NEW YORK (AP) — General Electric's stock is tanking after the release of a report claiming the company has been misleading investors. Investigator Harry Markopolos accused GE Thursday of engaging in accounting fraud worth $38 billion. He said GE is heading for bankruptcy and is hiding $29 billion...
Read More
May 09, 2019 - 8:12 pm
LAS VEGAS (AP) — A federal judge in Nevada reversed a magistrate's decision and ordered a father and son from Japan to remain jailed in U.S. custody pending trial on fraud charges in what prosecutors call a $1.5 billion international Ponzi scheme. Attorney Richard Wright, representing former MRI...
Read More

Pages