- Feds raid digital currency firm accused of bilking investors Updated: Oct-01-15 2:04 pm
ARCADIA, California - Federal investigators have seized computers and boxes of evidence from Gemcoin, a digital currency firm based in Southern California that's accused of bilking tens of millions of dollars from Chinese and U.S. investors.
- Fast and easy loans come at price for small businesses Updated: Oct-01-15 11:05 am
NEW YORK - It sounded like a sweet deal: A loan broker walked into Southern Girl Desserts offering the Los Angeles bakery a $40,000 loan that could be deposited in a bank account quickly. Already rejected for a loan from a bank, co-owner Catarah Hampshire took the offer and hired more workers to whip up peach cobblers and sweet potato cupcakes.
- Appeals Court upholds SEC power to resolve cases in-house Updated: Sep-29-15 1:10 pm
WASHINGTON - A federal appeals court has upheld the Securities and Exchange Commission's power to resolve fraud cases in internal administrative proceedings instead of bringing charges in federal court.
- Los Alamos National Bank reaches $1.5M settlement with SEC Updated: Sep-29-15 12:51 pm
ALBUQUERQUE, New Mexico - Los Alamos National Bank and its holding company Trinity Capital Corp. have agreed to pay $1.5 million to settle fraud charges by the Securities and Exchange Commission.
- Hitachi paying $19M to resolve 'improper' payments charges Updated: Sep-28-15 1:41 pm
WASHINGTON - Hitachi Ltd. has agreed to pay $19 million to resolve U.S. regulators' allegations that it inaccurately reported improper payments it made to South Africa's ruling party to win contracts to build power plants.
- Ukrainian firm, CEO paying $30M to settle SEC charges Updated: Sep-14-15 4:10 pm
WASHINGTON - A Ukrainian firm and its CEO are paying $30 million to settle U.S. regulators' charges they were part of an international web of hackers and traders that made $100 million by getting advance peeks at sensitive corporate news releases.
- SEC files charges against ex-General Employment chairman Updated: Sep-09-15 6:39 pm
WASHINGTON - U.S. regulators have filed civil fraud charges against a former federal prosecutor and Kentucky lieutenant governor, saying he misled auditors about missing funds as chairman of an employment staffing company.
- Bankrate paying $15M to settle SEC charges on false results Updated: Sep-08-15 5:04 pm
WASHINGTON - Bankrate Inc., an online publisher of widely read consumer-finance data, has agreed to pay a $15 million fine to settle federal regulators' charges that it manipulated its financial results to meet Wall Street's expectations.
- Elio Motors asks feds to OK $25M stock offering Updated: Sep-03-15 5:09 pm
SHREVEPORT, Louisiana - The company that wants to build a three-wheeled vehicle in Shreveport says it's asked federal regulators to authorize a $25 million stock offering based on crowdfunding interest.