Securities fraud

This image provided by the U.S. Marshals Service shows part of the wanted poster for Frederick Darren Berg. Federal agents believe Berg, the man who masterminded a $100 million Ponzi scheme and escaped from a federal prison in California, may have fled to South America. Court records reviewed by The Associated Press detail the investigation into the 2017 escape of Berg. The documents say the U.S. Marshals Service has named Berg’s former boyfriend, Darrell Ray Blankenship, as a “person of interest” in connection with the escape. Blankenship has not been charged with a crime. (U.S. Marshals Service via AP)
April 04, 2019 - 3:11 pm
WASHINGTON (AP) — A man who masterminded a $100 million Ponzi scheme and escaped from a federal prison in California may have fled to South America and federal officials have named his boyfriend as a person of interest in the case, according to court records reviewed by The Associated Press on...
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March 27, 2019 - 7:41 am
WASHINGTON (AP) — The Supreme Court is rejecting arguments made by Justice Brett Kavanaugh when he was an appeals court judge in a case involving securities fraud. The court's 6-2 ruling Wednesday affirms an appeals court decision against investment banker Francis Lorenzo over false and misleading...
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FILE - In this June 14, 2018, file photo, Tesla CEO Elon Musk speaks at a news conference in Chicago. Attorneys tell a federal judge that Tesla CEO Elon Musk shouldn't be found in contempt because he didn't violate a securities fraud settlement. The attorneys wrote in documents filed Monday night, March 11, 2019, that a Feb. 19 tweet by Musk merely restated prior disclosures on electric car production volumes. (AP Photo/Kiichiro Sato, File)
March 11, 2019 - 8:25 pm
DETROIT (AP) — Tesla CEO Elon Musk should not be found in contempt of court because he has complied with the terms of a securities fraud settlement, his attorneys wrote in documents filed Monday night with the U.S. District Court in Manhattan. Musk's lawyers wrote that a Feb. 19 tweet merely...
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February 23, 2019 - 7:45 am
TIRANA, Albania (AP) — Albania's Defense Ministry says it has found scores of hand grenades in a northern city that are believed to have been looted from army depots in 1997 during civil unrest sparked by a failed Ponzi scheme. A statement Saturday said a town hall cleaning staff in Puke, 140...
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December 27, 2018 - 8:05 am
GREENBELT, Md. (AP) — They followed a call script for reassuring investors: A broker boasted of winning up to 95 percent of his trades. Sales representatives promised a client she would be a millionaire within a year if she didn't withdraw her five-figure investment. "If you win, I win," the broker...
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November 29, 2018 - 4:41 pm
LAS VEGAS (AP) — A 79-year-old former head of a Las Vegas and Tokyo investment firm is facing the rest of his life in a U.S. prison after a jury in Nevada found him guilty of bilking thousands of Japanese victims in what prosecutors called a $1.5 billion international Ponzi scheme. Edwin Fujinaga...
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FILE - In this Feb. 12, 2016, file photo, Chairman and CEO of Renault-Nissan Carlos Ghosn addresses reporters during a press conference in Boulogne Billancourt, outside Paris. The arrest of Nissan Motor Co.'s chairman Ghosn on charges he underreported his income and misused company funds caused the company's shares to tumble and shocked many in Japan who view him as something of a hero. (AP Photo/Christophe Ena, File)
November 20, 2018 - 12:46 am
TOKYO (AP) — The arrest of Nissan Motor Co.'s chairman Carlos Ghosn amid a financial probe prompted by a whistleblower caused the automaker's shares to tumble Tuesday and left many in Japan and elsewhere stunned by his downfall. Prosecutors said they were holding Ghosn for allegedly collaborating...
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FILE - In this June 14, 2018, file photo, Tesla CEO Elon Musk speaks at a news conference in Chicago. Tesla has announced that Robyn Denholm of Australia's Telstra will become its new board chair. Musk agreed to vacate his post as board chairman as part of a settlement with U.S. regulators of a lawsuit alleging he duped investors with misleading statements about a proposed buyout of the company. (AP Photo/Kiichiro Sato, File)
November 08, 2018 - 4:41 am
DETROIT (AP) — Tesla's board has named one of its own as chairman to replace Elon Musk, complying with terms of a fraud settlement with U.S. securities regulators. The electric car and solar panel company's board on Thursday named Australian telecommunications executive Robyn Denholm as chairman,...
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FILE - In this June 22, 2017 file photo, Texas Attorney General Ken Paxton speaks at a news conference in Dallas. Three years ago, criminal charges against Paxton appeared to put his political future in peril. But the Republican enters November's midterm elections favored to win a second a term while remaining under indictment. (AP Photo/Tony Gutierrez, File)
October 27, 2018 - 1:14 pm
AUSTIN, Texas (AP) — Three years ago, criminal charges against Texas Attorney General Ken Paxton appeared to put his political future in peril. He is still under indictment, having pleaded not guilty to two felony counts of securities fraud. But now the Republican is favored to win a second term in...
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FILE - In this July 8, 2018 file photo, a 2018 Model X sits on display outside a Tesla showroom in Littleton, Colo. Elon Musk’s murky future as Tesla Motors’ CEO amid a securities fraud lawsuit isn’t the only cloud hanging over the electric car maker. The company was on shaky financial ground even before government regulators set out to remove Musk, a blow that has increased the pressure on Tesla to prove it can consistently manufacture enough cars to survive. (AP Photo/David Zalubowski, File)
September 29, 2018 - 4:17 pm
SAN FRANCISCO (AP) — Elon Musk's future with Tesla Motors is clearer after the company settled a securities fraud lawsuit with the federal government, but there are other clouds hanging over the electric car maker. Under an agreement announced Saturday by the Securities and Exchange Commission,...
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