Financial Crime Weekly

The U.S. Securities and Exchange Commission filed two litigation releases this week — charging three individuals with running a microcap pump-and-dump scam targeting retail investors, and levying a $15 million penalty on two others who operated an unregistered securities fraud scheme. County Line...

Few names have been as synonymous with both rapid success and a dramatic decline as Sam Bankman-Fried. His arrest almost 10 months ago marked one of the most shocking moments in the crypto industry’s history. The trial for Bankman-Fried, the founder of FTX, began this week at the U.S....

Richard Alexander "Alex" Murdaugh, a 55-year-old former personal injury attorney known for his extensive and lucrative career in Hampton, South Carolina, this week entered a guilty plea to 22 federal charges encompassing wire fraud, bank fraud, money laundering, and conspiracy. Welcome to another...

Amit Dagar, once a trusted statistician for pharmaceutical behemoth Pfizer Inc (NYSE: PFE), and Atul Bhiwapurkar, his close business ally, now find themselves mired in allegations that could see their financial futures irreparably tarnished. In this week's installment of Financial Crime...

Rashawn Russell, a 27-year-old former investment banker at Deutsche Bank AG (NYSE: DB), and a Gates Millennium Leadership Scholarship recipient, found himself deep in a scandal earlier this year that is likely to see him banned professionally trading — at the very least. The Brooklyn native,...

Welcome to the inaugural edition of Financial Crime Weekly. Each Friday, we’ll be jumping into the labyrinthine world of scams and schemes to provide insights into the extraordinary happenings of the financial sector. This week, our focus is on 27-year-old Avraham “Avi” Eisenberg...