Melvin Capital’s Plotkin eyes new cash after year of double-digit losses
By Svea Herbst-Bayliss -Melvin Capital, the hedge fund that lost nearly $7 billion early last year by betting stocks like GameStop would tumble, wants to …
Losses
Two Defendants Charged with Unemployment Insurance Benefit Fraud Combined Actual Losses in Excess of $3.2 Million
DETROIT – Two defendants have been charged in criminal complaints for their roles in unemployment insurance benefit fraud schemes, announced Acting United States Attorney Saima …
Four Executives Plead Guilty to Fraud Scheme that Caused Over $4.5 Million in Losses to the Small Business Administration
Three former executives of Valley Bank, a defunct financial institution based in Moline, Illinois, and the President of Vital Financial Services (Vital Financial), a lending …
Senior Executive of Oil-Services Company Pleads Guilty to Securities Fraud Scheme that Caused Over $886 Million in Shareholder Losses
WASHINGTON: A North Dakota man, formerly the executive vice president of U.S. operations at a publicly traded Canadian oil-services company, pleaded guilty today to …
West Palm Beach Investment Fraudster Guilty of Wire Fraud, Victim Losses in the Millions
Miami, Florida – Fifty-four-year-old West Palm Beach, Florida resident Salvatore Renaldi pled guilty this week in South Florida federal district court to orchestrating and running …
Boerne Man Sentenced for Ponzi Scheme with over $7.4 M in Losses
SAN ANTONIO – A Boerne man was sentenced yesterday to 135 months in prison and ordered to pay $7,424,927.10 in restitution for running a Ponzi …
Chicago Man Charged in Federal Court With Engaging in Unauthorized Trading That Caused $30 Million in Losses
CHICAGO — A Chicago trader was charged today with securities fraud for allegedly engaging in unauthorized speculative bond trading that cost his employer and others …
Three Maryland Men Facing Federal Indictment for Filing More Than 600 Fraudulent Claims for Unemployment Resulting in Losses of More Than $2.7 Million
Baltimore, Maryland – A federal grand jury has returned an indictment charging three Maryland men on federal charges related to a scheme to fraudulently obtain …