Tax credit for tech investors could triple under proposed New Jersey bill
TRENTON, N.J. — A new bill introduced in the New Jersey Senate would triple the state’s tax credit for investments in emerging technology startups, aiming to stimulate early-stage funding in smaller high-tech…
‘Mild Symptoms’: Stocks, Oil Surge To Highs As Investors Shake Off Omicron Concerns
The stock and oil markets surged Monday as investors brushed aside concerns that the Omicron variant of COVID-19 would slow economic growth in the near future. The S&P index, which measures 500…
Electric Truck Maker Pays $125 Million To Settle Charges It Defrauded Investors
Electric truck manufacturer Nikola announced Tuesday it had settled fraud charges with the Securities and Exchange Commission (SEC), agreeing to pay the regulator $125 million. The settlement is in response to allegations…
Activist Investors Are Pushing To Restructure Tech Companies And Take Down ‘Hate Speech’
A group of activist investors are pressuring major tech companies to overhaul their culture and business structure, proposing shareholder resolutions aimed at reorganizing senior leadership, ending certain business practices and censoring more…
Owner of Cannabis Company Charged in Federal Court With Swindling Investors Out of More Than $950,000
CHICAGO — The owner of a cannabis company has been charged in federal court in Chicago with swindling investors out of more than $950,000. GEOFFREY THOMPSON, 53, of Naples, Fla., and formerly…
Fox Point Man Indicted For Defrauding Investors of Over $5.5 Million
Acting United States Attorney Richard G. Frohling of the Eastern District of Wisconsin announced that on November 16, 2021, a federal grand jury indicted David O. Braeger (age: 54), of Fox Point,…
Chicago Businessman Indicted on Federal Fraud Charges for Allegedly Swindling Customers and Investors Out of $350,000
CHICAGO — A Chicago businessman who claimed to earn substantial profits from buying and selling heavy industrial equipment has been indicted on federal fraud charges for allegedly swindling customers and investors out…
Greene County Man Admits Defrauding Investors in a Waste-to-Energy Conversion Plant
PITTSBURGH, PA – A resident of Greene County pleaded guilty in federal court to a charge of conspiracy to commit mail fraud and wire fraud, Acting United States Attorney Stephen R. Kaufman…
Crypto Investors Are Trying To Buy The US Constitution
A group of cryptocurrency investors are planning on buying a copy of the U.S. Constitution at a Sotheby’s auction Thursday. The group, known as ConstitutionDAO, is a ‘decentralized autonomous organization’ (DAO) in…
Rochester Man Going To Prison And Ordered To Pay Millions In Restitution For His Role In Ponzi Scheme That Bilked Investors Out Of Millions Of Dollars
CONTACT: Barbara Burns PHONE: (716) 843-5817 FAX #: (716) 551-3051 ROCHESTER, NY – U.S. Attorney Trini E. Ross announced today that John Piccarreto, Jr., 38, of Rochester, NY, who was convicted of conspiracy to commit…
Penfield Man Going To Prison For Bilking Investors Out Of Hundreds Of Thousands Of Dollars
CONTACT: Barbara Burns PHONE: (716) 843-5817 FAX #: (716) 551-3051 BUFFALO, N.Y. – U.S. Attorney Trini E. Ross announced today that Brian L. Schumacher, 57, of Penfield, NY, who was convicted of conspiracy to commit…
New York Man Admits Defrauding Investors of More Than $3.5 Million through Securities Offering Scheme
TRENTON, N.J. – A New York man today admitted perpetrating a scheme to defraud more than 70 investors through a long-running securities offering fraud that raised more than $4 million and caused investor…
Founders of Crypto ICO Plead Guilty to Tax Evasion After Raising $24 Million from Investors
The owners of a cryptocurrency company have pleaded guilty to tax evasion, announced Acting U.S. Attorney for the Northern District of Texas Chad E. Meacham. Bitqyck founders Bruce Bise, 60, and Samuel…
South Carolina Attorney General warns investors about imposter schemes
COLUMBIA, S.C. – The Securities Division of the Office of the South Carolina Attorney General is warning investors about a growing number of online schemes in which bad actors are posing as…
Hudson County Man Arrested for Scheme to Defraud Investors
NEWARK, N.J. – A Hudson County, New Jersey, man will make his initial appearance today on charges that he defrauded victims by promising to invest their money in a ticket purchase and…
Two New Jersey Men Arrested And Charged With Securities Fraud For Scheme To Defraud Investors In Hemp Company
Audrey Strauss, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”),…
Owner Of New York Investment Fund Sentenced To Seven Years In Prison For Orchestrating $26 Million Scheme To Defraud Investors
Audrey Strauss, the United States Attorney for the Southern District of New York, announced today that BRENT BORLAND, the owner and principal of a New York-based investment fund known as Belize Infrastructure…
Ex-Pastor of Orange County Church Sentenced to 14 Years in Federal Prison for Orchestrating $33 Million Con that Defrauded Investors
SANTA ANA, California – The former pastor of the Westminster-based Church of the Healthy Self was sentenced today to 168 months in federal prison for orchestrating a church-based investment scam that…
Twitter Offers $800 Million To Settle Class Action Lawsuit Over Claims It Misled Investors
Twitter proposed an $800 million dollar settlement agreement to resolve all claims the company misled investors regarding its user and engagement data, the company announced Monday. Twitter submitted the agreement to the…
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