Search Results for: Ohio
JPMorgan to pay $150m to Ohio pension fund and others hit by ‘London Whale’ scandal
December 22nd, 2015
JPMorgan Chase has agreed to pay investors who incurred losses as a result of its “London Whale” scandal. An amount of $150m (£100.8m, €137.4m) will be paid to investors including the Ohio pension fund and other public pension funds ...
CFTC Charges Ohio Executive Management Advisors L.L.C., with Fraud and $8.3 Million Ponzi Scheme
September 24th, 2014
The U.S. Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action in the U.S. District Court for the Southern District of Ohio against Defendants John R. Bullar, who resides in Cincinnati, Ohio, and Executive Management Advisors ...
5-Year Sentence for Man in Ohio Slave Labor Case
March 17th, 2014
A judge on Thursday handed a five-year prison term to the first of four people sentenced for participating in the enslavement of a mentally disabled woman held for two years with her young child in northeast Ohio. Daniel Brown ...
Coronavirus is pushing U.S. consumers to contactless payments
April 2nd, 2020
Contactless cards are a potential refuge for consumers who fear plastic and cash are carrying COVID-19. The coronavirus, also known as COVID-19, has drawn attention to the safety and cleanliness of basic activities that many take for granted, such ...
Binary Options trading firm and its principals charged with $4.8 million fraud scheme
May 9th, 2019
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform about the filing of a civil enforcement action (Complaint) against William Thomas Caniff of Steubenville, Ohio, Arie Bos, of Rotterdam in the Netherlands, their company, Berkley Capital ...
General Motors and General Electric were both victimized by the same Ponzi Scheme
November 30th, 2018
General Motors and General Electric were both victimized by the same Ponzi Scheme, and they are both telling us the U.S. economy is in HUGE Trouble. America’s twin economic “generals” are both in very deep trouble. General Electric ...
Mining bitcoin uses more energy than what’s needed to excavate gold, platinum or copper: study
November 8th, 2018
Extracting a dollar’s worth of cryptocurrency such as bitcoin from the deep Web consumes three times more energy than digging up a dollar’s worth of gold, according to researchers. There are now hundreds of virtual currencies and an unknown ...
US financial services company will pay millions to settle charges; The reason?
August 17th, 2018
The Securities and Exchange Commission (SEC) has issued an announcement to inform that Ameriprise Financial Services Inc. will pay $4.5 million to settle charges. The Reason According to SEC’s announcement, Ameriprise Financial Services Inc. failed to safeguard retail investor ...
Firm to pay $3.4 Million Penalty for attempted manipulation of agricultural markets
July 16th, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Lansing Trade Group, LLC (Lansing), a commodity merchandising firm with headquarters in Overland Park, Kansas, for the attempted manipulation of the price of certain wheat ...
U.S. Regulatory Authority shuts Down $102 Million Ponzi Scheme
June 21st, 2018
The Securities and Exchange Commission (SEC) filed charges and obtained an asset freeze against the individuals and companies behind a $102 million Ponzi scheme that bilked investors throughout the U.S. According to the SEC’s complaint, the defendants defrauded more ...
