March 25, 2023

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Fraud Analysis

Victim of Scams & Fraud- Zelle

Zelle is in the news everywhere and is becoming popular for mishandling scams and fraud. The popular payment app was caught in two reports this year. They were accused of reimbursing only a portion of the money to the customers who got swindled after fraudulent transactions. Zelle was developed in 2017 as an answer to […]
Fraud Analysis

SEC fines Kim Kadarshian with $1.26m for violating Provisions on Crypto Promotion

Popular celebrity Kim Kardashian has been charged $1.26 million by the US Securities and Exchange Commission (SEC) for not adhering to the anti-touting provision of the federal securities laws. According to the SEC, Kardashian received $250,000 from a crypto asset offering company EthereumMax (EMAX). She had to post on her Instagram handle about EMAX tokens, […]
Fraud Analysis

The U.S SEC fines $1.1bn to Wall Street firms for not adhering to the recordkeeping provisions.

The Securities and Exchange Commission (SEC) has fined 16 Wall Street firms for long-term non-maintenance of electronic communication which is a violation of U.S federal securities law. Fifteen brokers and one advisor have agreed to pay the penalty of $1.1bn for violating the recordkeeping law of the Securities Exchange Act of 1934. The U.S SEC […]