Search Results for: anti-fraud
EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action
October 4th, 2017
The European Union value-added tax gap – the overall difference between expected VAT revenue and actual EU member state collections – was EUR152bn in 2015, says the European Commission, highlighting the need for further reforms to tackle avoidance, error, ...
iSignthis: Extreme Growth Continues…with Free Cash Flow
October 25th, 2019
Actual Annualised GPTV exceeds A$1.9bn (Up↑ 360% from 30th June) Operating Cashflow Positive (Q3) : $1.067m (FCF) Cash Receipts : $8.326m UP↑ 38.5% QoQ from $6.01m (Q2 2019) 3Q2019 Revenues $8.58m UP↑ 36% from $6.3m 2Q2019 3rd QTR 2019 ...
Founder of online gaming company charged for defrauding investors
February 11th, 2019
The Securities and Exchange Commission (SEC) charged Robert Alexander with fraudulently raising approximately $9 million from more than 50 individuals by selling investments in Kizzang LLC, a purported online gaming business. According to the SEC’s complaint, among other misrepresentations, Alexander ...
Firm and CEO to pay more than $2.5 Million for fraudulent Bitcoin ponzi scheme
October 19th, 2018
A New York federal court has ordered New York corporation Gelfman Blueprint, Inc. (GBI) and its Chief Executive Officer Nicholas Gelfman of Brooklyn, New York, to pay in total over $2.5 million in civil monetary penalties and restitution in ...
U.S. District Court finds that virtual currencies are commodities
October 9th, 2018
On September 26, 2018, Senior Judge Rya W. Zobel of the U.S. District Court for the District of Massachusetts, entered an order holding that the Commodity Futures Trading Commission (CFTC) has the power to prosecute fraud involving virtual currency ...
Individuals and entities charged in global retail binary options fraud
September 28th, 2018
The Commodity Futures Trading Commission (CFTC) announced that it filed two complaints in federal district courts in Florida against four individuals and three entities and issued seven administrative Orders filing and simultaneously settling charges against seven individuals and two ...
SEC charges investment adviser and CEO with misleading retail investors
July 20th, 2018
The Securities and Exchange Commission (SEC) charged a Connecticut-based investment advisory firm and its chief executive officer with putting $19 million of investor money, including elderly investors’ retirement savings and pension plans, in risky investments and secretly pocketing hefty ...
Supervisory Authority Halts A Fast-Moving Initial Coin Offering Fraud That Raised Up To $15 million
December 5th, 2017
The Securities and Exchange Commission (SEC) announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold ...
Individual And His Company Ordered To Pay Millions In Monetary Penalties For Investment Fraud
November 20th, 2017
The Commodity Futures Trading Commission (CFTC) obtained $1,127,855 in restitution for defrauded pool participants and $3,383,565 in civil monetary penalties in a federal court Default Judgment Order against Defendants Gerard Suite (who is known by numerous aliases, including Rawle ...
Investment adviser charged with defrauding professional athlete and his wife
August 23rd, 2017
The Securities and Exchange Commission today charged investment adviser Jeremy Drake with defrauding two clients, a high profile professional athlete and the athlete’s wife, by deceiving them about the investment advisory fees they were paying. The SEC alleges that ...
