Borrowers and lenders beware. The DOJ has launched investigations into the popular SBA Paycheck Protection Program and the borrowers who received billions of dollars under the program. As reported by Bloomberg and other press outlets, the probe is being led by Assistant Attorney General, Brian Benczkowski and a team of prosecutors with the Fraud Section.
Kansas City Business Journal interviewed Braden Perry in the article “Businesses Beware: Financial Fraud is on the Rise“, discussing an upswing in financial fraud in Kansas City while more people are working from home. People’s home internet networks are likely not as secure as their office network. Frauds are being committing through email communication, and
Companies and individuals in the United States are confronting unprecedented challenges triggered by COVID-19, which has shuttered businesses, disrupted travel, supply chains, and the financial markets, and threatened global economic stability. In response to the pandemic, the United States government has responded with the most significant economic stimulus package in history called the Coronavirus Aid,
In the 2016, two Russian companies were prosecuted for their alleged interference in the U.S. presidential election. Robert Mueller originally filed the case, which has now been dismissed by U.S. District Judge Dabney L. Friedrich. The dismissal has raised a number of additional questions. White collar expert, Braden Perry, is highlighted in Law360’s article on
The Consumer Data Privacy and Security Act is a bill by Kansas Republican Sen. Jerry Moran, one of the many privacy bills in Congress right now. If the bill is passed, it would add 440 employees to the FTC’s 1,000-plus workforce. Kennyhertz Perry partner, Braden Perry, is featured in a Washington Examiner article discussing Moran’s
Alcohol producer Diageo plc, has been charged by the Securities and Exchange Commission (SEC) for violating antifraud provisions of Section 17(a)(2) and (3) of the Securities Act of 1933 and particular reporting provisions of the federal securities laws. Diageo’s lack of necessary disclosure of trending shipments and sales, has lead to a misleading idea of
A civil enforcement action was filed today in the U.S. District Court for the Eastern District of Missouri against Joshua Christian McDonald, and his company Perfection PR Firm LLC (PPR), by the Commodity Futures Trading Commission. McDonald’s company, out of California and Tennessee, was charged for an off-exchange foreign currency trading scheme of fraud and
On February 13th, the Commodity Futures Trading Commission (CFTC) announced a filing and charges against Matthew R. White of M.W. Global Futures LLC (MWGF) for fraud. MWGF requested and obtained money from six pool participants, and then went on to use the funds in his personal bank and trading accounts. Only a small amount of
On February 11th, Q3 Holdings, LLC and Q3 I, LP and its principal, Michael Ackerman, were charged with over $33 million in a fraudulent digital asset scheme by the U.S. District Court of the Southern District of New York. The Commodity Futures Trading Commission (CFTC) made public the complaint, alleging that the defendants performed fraud
Alphabet Inc., Amazon.com, Inc., Apple, Inc., Facebook, Inc. and Microsoft Corp. were issued Special Orders from the Federal Trade Commission (FTC) demanding they make available information and documents on acquisitions unreported to antitrust agencies under the Hart-Scott-Rodino (HSR) Act. The order requests documents discussing terms, scope, structure and reason for transactions from these big name
Magnify Money posted an article today discussing binary options, and how to simplify the understanding of them. In short, binary options are a form of options trading that comes with one of two payoff options: a fixed amount or none at all. They are a financial instrument based on the value of an underlying asset,
Jeffrey and Paulette Carpoff, out of California, were charged by the Securities and Exchange Commission(SEC) for organizing an almost billion-dollar Ponzi scheme including alternative energy tax credits. The couple raised an estimated amount of $910 million from seventeen investors, over the years of 2011-2018 as stated by the SEC’s complaint. Through the couple’s two solar
