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July 18, 2010 - Roy Sahachaisere and
his investsourceinc.com website where charged with touting penny
stocks through email campaigns. The Fed's see Sahachaisere as
such a 'bad boy' they're seeking permanent embarment. More>>
July 9, 2010 - NY AG's office files
criminal charges against Long Island hedge fund operator, yet
regulators side with investors rather than the penny stock companies
who were swindled More>>
July 8, 2010 - Fannie Mae and Freddie
Mac became penny stocks (PS) Thursday and now vie for the attention
of blue collar investors. Gone are the days of institutional
lure, though for PS lovers their certainly 'ones to watch'.
More>>
July 5, 2010 - The SEC has charged a
Montreal couple with bilking investors out of $2.4 million in
a penny stock scheme that used a website to tout as many as
65 companies. More>>
August 19, 2008 - A US Federal Court
has fined a Canadian hedge fund trader $279 million for swindling
investors alongside an additional $20 million in civil monetary
damages. More>>
June 20, 2008 - Fugative hedge fund
manager's girlfriend arrested one week after Samuel Israel III
disappeared in what authorities say was a plan to fake his death
rather than face prison. More>>
Feb 15, 2008 - Commodities swindler
extraordinaire, Phillip Bennett, wept like a baby in Manhattan's
Federal Court today when he pled guilty to securities fraud
relating to Refco, whose IPO came and went a month later when
the perpetrator was caught. More>>
January 24, 2008 - Biggest fraud in
history perpetrated on French bank, rogue trader looses $7.15
billion. More>>
Dec 15, 2007 - Cleveland - An Ohio fund
manager described as charming and personable was sentenced to
13 years in federal prison for bilking investors out of millions
of dollars. More>>
Dec 3, 2007 - Seattle - Bad boy lawyer,
Tolan Furusho, pled guilty to stock fraud and faces disbarment
and prison. The Wash. lawyer is best known for being partner
to infamous Canadian stock swindler, Beverly Kamerling. Both
were both busted in Alberta earlier this year in a scheme to
bilk Canadian investors. More>>
Nov 13, 2007 - Denver
- Ex-Qwest Communications CEO Joe Nacchio is most likely facing
prison after Prosecutors argued that his appeal be denied and
insider-trading conviction be upheld. More>>