Legal Eagle Review
Oklahoma Telecom Company, Its Owner, and a Former Associate Charged in $25 Million Fraud in Federal Wireless Subsidy Program
- Details
- Written by LER
Wesley Yui Chew, of Edmond, Oklahoma; his company, Icon Telecom Inc., also of Edmond; and Oscar Enrique Perez-Zumaeta, of Cancun, Mexico, have been charged with crimes involving more than $25 million of fraudulent claims against the federal Lifeline telephone program, announced Sanford C. Coats, United States Attorney for the Western District of Oklahoma, and David L. Hunt, Inspector General of the Federal Communications Commission (FCC).
Conspiracy Charge Filed Against Former Convergex Trader
- Details
- Written by USDOJ
A former trader for ConvergEx Global Markets Limited (CGM Limited) - a former securities broker-dealer registered in Bermuda - has been charged in the District of New Jersey with conspiracy to commit wire fraud.
SEC Awards $875,000 to Two Whistleblowers Who Aided Agency Investigation
- Details
- Written by Legal Eagle Review
The Securities and Exchange Commission today announced a whistleblower award of more than $875,000 to be split evenly between two individuals who provided tips and assistance to help the agency bring an enforcement action.
SEC Charges Investment Adviser With Defrauding Clients
- Details
- Written by LER
The Securities and Exchange Commission today filed an emergency enforcement action to halt an ongoing fraud by an investment adviser based in Albany, N.Y., who is charged with lying to clients about the success of their investments while stealing their money for his personal use.
SEC Charges Bitcoin Entrepreneur With Offering Unregistered Securities
- Details
- Written by LER
The Securities and Exchange Commission today charged the co-owner of two Bitcoin-related websites for publicly offering shares in the two ventures without registering them.
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