NEWARK, NJ. – A former partner at a New Jersey broker-dealer firm was arrested and charged with engaging in an insider trading scheme that netted millions of dollars in illegal trading profits. Christopher Matthaei, 44, of Brielle, New Jersey, is…

Two Amazon marketplace sellers and four of their companies have pleaded guilty to price fixing DVDs and Blu Ray Discs. On Feb. 10 in U.S. District Court for the Eastern District of Tennessee, Bruce Fish of Hayfield, Minnesota, along with…

A federal district court yesterday entered an order approving the last in a series of four settlements that collectively recovered nearly $5 million stolen from consumers by a transnational network of fraudsters. The settlement represents the culmination of a civil…

Case against company marks first civil penalties for violations of FTC’s Notice of Penalty Offenses on money-making opportunities, ROSCA As a result of a Federal Trade Commission lawsuit, investment advice company WealthPress has agreed to a proposed court order that…

Largest Bank in Denmark Agrees to Forfeit $2 Billion Danske Bank A/S (“Danske Bank”), a global financial institution headquartered in Denmark, pled guilty today and agreed to forfeit $2 billion to resolve the United States’ investigation into Danske Bank’s fraud…

The Consumer Financial Protection Bureau issued a technical amendment to the HMDA Rule. This technical amendment updates Regulation C to reflect the closed-end mortgage loan threshold pursuant to a recent court decision. On September 23, 2022, the United States District…

RIKESH THAPA has been charged with operating a scheme to defraud a start-up technology company (the “Victim Company”) of over $1 million worth of United States currency, cryptocurrency, and utility tokens. THAPA used proceeds of his crime on personal expenses,…

ABB Subsidiaries in Switzerland and South Africa plead guilty to bribery conspiracy ABB Ltd. (ABB), a Swiss-based global technology company listed on the New York Stock Exchange with core businesses focused on electrification, automation, motion, and robotics has agreed to…

On November 4, 2022, the National Republican Senatorial Committee (NRSC), National Republican Congressional Committee (NRCC), James David Vance, and Steven Joseph Chabot (collectively plaintiffs), filed suit against the Commission in the United States District Court for the Southern District of…

The Federal Trade Commission is sending payments totaling more than $9.8 million to consumers who were harmed by Illinois-based Napleton Automotive Group’s junk fees and discriminatory practices. The agency is sending 66,355 checks, averaging $147 each. Recipients should cash checks…

“Pig butchering” and other scams lead list of crypto-asset complaints Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) has released a new complaint bulletin that highlights complaints the CFPB received related to crypto-assets. Consumers most commonly reported being victimized…

When consumer reporting companies and furnishers fail to investigate disputed information, consumers are left paying higher interest rates and face greater difficulty finding housing, employment Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) has issued a circular to affirm…