Fraud

Former advisor gets 30 years for fraud, murder-for-hire Fallback Image Decorative pattern

Industry

Former advisor gets 30 years for fraud, murder-for-hire

Paul S. Kruse, 60, of Jacksonville, Florida, was sentenced to prison.

By Staff |August 8, 2013

2 min read

SEC halts ex-Marine’s hedge fund fraud Fallback Image Decorative pattern

Industry

SEC halts ex-Marine’s hedge fund fraud

The Securities and Exchange Commission has obtained an emergency court order to halt a hedge fund investment scheme by a former Marine living in the Chicago area who has been masquerading as a successful trader to defraud fellow veterans, current military, and other investors.

By Staff |August 7, 2013

3 min read

SEC charges Bank of America with fraud Fallback Image Decorative pattern

Industry

SEC charges Bank of America with fraud

The Securities and Exchange Commission has charged Bank of America and two subsidiaries with defrauding investors in an offering of residential mortgage-backed securities (RMBS) by failing to disclose key risks and misrepresenting facts about the underlying mortgages.

By Staff |August 7, 2013

3 min read

Sentel Insurance unlicensed, warns FSCO Fallback Image Decorative pattern

Industry

Sentel Insurance unlicensed, warns FSCO

The Financial Services Commission of Ontario warns consumers about Sentel Insurance

By Staff |July 29, 2013

1 min read