Daniel R. Fruits, 46, of Greenwood, Indiana, was charged by a federal grand jury for his alleged role in three separate fraud schemes, including a nearly $14 million fraud on an investor, an attempted mortgage fraud, and a vehicle title-washing scheme.
New Palestine man charged in $1.2M investment fraud scheme
U.S. authorities have charged three Maryland men, who presented themselves as pastors to defraud more than 1,000 church members and other investors in a $28 million Ponzi scheme.
Fake pastors scam churchgoers out of $28M in Ponzi scheme - https://t.co/6Q9vmSZmNt https://t.co/nxp8ZDpMbX
The Securities and Exchange Commission has announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 23 soliciting entities, eight impersonators of genuine firms, and seven bogus regulators.
SEC Updates List of Firms Using Inaccurate Information to Solicit Investors - https://t.co/rjTZZfW9hF https://t.co/PnSfsco4Ti
The new Securities and Exchange Commission (SEC) rule that requires broker-dealers who make recommendations to their customers to act in their clients’ “best interest” takes effect on June 30, 2020.
Indiana Secretary Of State Issues Advisory To Raise Awareness Of Private Offering Risks - https://t.co/Tl9XdwbWIy https://t.co/Zg8ngHe7Op
Indiana Secretary Of State Joins Task Force Cracking Down On COVID-19 Investment Scams - https://t.co/VkYgPQw0Qi https://t.co/640P7AMLlD
Banks and Brokerage firms can be liable for aiding and abetting ponzi schemes - https://t.co/MLmgQicOPe https://t.co/hWP4bW5Xyn
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