Legal Eagle Review

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Houston, Texas - The Securities and Exchange Commission announced that it charged Franklin Bank Corp.’s former chief executives for their involvement in a fraudulent scheme designed to conceal the deterioration of the bank’s loan portfolio and inflate its reported earnings during the financial crisis.

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Washington, DC - The Securities and Exchange Commission announced that it has obtained a court-ordered freeze of the assets of six Chinese citizens and one British Virgin Islands entity charged with insider trading in Zhongpin Inc., a China-based pork processor whose shares trade in the U.S.

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Washington, DC - The Securities and Exchange Commission announced Tuesday that its senior staff met last week with counterparts at the Ontario Securities Commission (OSC) to discuss ways to further strengthen cooperation regarding their supervision of financial firms.

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The Federal Trade Commission has taken action against a payday lending operation that allegedly piled on undisclosed and inflated fees, and collected on loans illegally by threatening borrowers with arrest and lawsuits. The FTC has asked a federal court to stop the allegedly illegal business tactics while the agency pursues its case against the defendants.

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In response to charges by the Federal Trade Commission, a federal judge has ordered the defendants behind a deceptive robocall scheme to pay a total of $30 million in civil penalties and give up more than $1.1 million in ill-gotten gains for violations of the FTC Act and the Telemarketing Sales Rule.

  1. SEC Sues Two Executives in Texas to Recover Bonuses and Stock Profits
  2. Pomerantz Law Firm Has Filed a Class Action Against A123 Systems
  3. SEC Charges Medical Device Company Biomet with Foreign Bribery
  4. Multi-Million-Dollar Hospice Health Care Fraud Alleged
  5. EUSA Pharma Inc. to Pay $180,000 for Allegedly Submitting Inflated Claims to Medicare
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