Selected Press Releases
SEC Brings Charges in Puerto Rico-Based Ponzi Scheme Targeting Evangelical Christians and Factory Workers
08/21/2012
The Securities and Exchange Commission today charged a Puerto Rico resident and his company with conducting a Ponzi scheme that targeted evangelical Christians and factory workers in Puerto Rico.Read moreNew Charges in Insider Trading Case Include Former CEO and Professional Baseball Player
08/17/2012
The Securities and Exchange Commission today announced a second round of charges in an insider trading case involving former professional baseball players and the former top executive at a California-based medical eye products company that was the subject of the illegal trading.Read moreSEC Shuts Down $600 Million Online Pyramid and Ponzi Scheme
08/17/2012
The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze to halt a $600 million Ponzi scheme on the verge of collapse. The emergency action assures that victims can recoup more of their money and potentially avoid devastating losses.Read moreSEC Charges College Football Hall of Fame Coach in $80 Million Ponzi Scheme
08/16/2012
The Securities and Exchange Commission today announced fraud charges against a former college football coach who teamed with an Ohio man to conduct an $80 million Ponzi scheme that included other college coaches and former players among its victims.Read moreSEC Charges Oracle Corporation With FCPA Violations Related to Secret Side Funds in India
08/16/2012
The Securities and Exchange Commission today charged Oracle Corporation with violating the Foreign Corrupt Practices Act (FCPA) by failing to prevent a subsidiary from secretly setting aside money off the company's books that was eventually used to make unauthorized payments to phony vendors in India.Read more