By Adrianne Appel2025-08-25T15:51:00
The co-founders of a California financial tech and sustainability services company defrauded investors and lenders of $248 million, according to the Department of Justice (DOJ).
From 2020 to 2025, co-founders and board members of Aspiration Partners Inc., Joseph Neal Sanberg and Ibrahim AlHusseini, obtained $145 million in fraudulent loans in exchange for shares in Aspiration stock, the DOJ said in a press release Thursday. The loans were partially based on “tens of millions” of inflated assets reported to the lenders by AlHusseini. DOJ said.
2025-08-18T14:12:00Z By Oscar Gonzalez
The owner of a water machine vending company and a portfolio manager were allegedly behind a Ponzi-like scheme that raised more than $275 million, according to the U.S. Securities and Exchange Commission.
2024-05-22T20:55:00Z By Jeff Dale
The Department of Justice declined to prosecute Massachusetts-based biochemical company MilliporeSigma for its “extraordinary cooperation” in uncovering a “rogue” employee’s scheme to procure and ship discounted products to China using falsified export documents.
2024-04-05T15:49:00Z By Jeff Dale
A New York-based chief counsel and compliance officer was charged for embezzling more than $200,000 from the consulting firm he worked for, the Manhattan District Attorney’s Office announced.
2025-10-02T16:32:00Z By Oscar Gonzalez
The Federal Trade Commission (FTC) accused business credit reporting company Dun & Bradstreet of failing to comply with the commission’s 2022 order.
2025-10-02T15:22:00Z By Aly McDevitt
The Consumer Financial Protection Bureau (CFPB) terminated two consent orders with mortgage lenders in September as the agency’s enforcement power shrinks under Trump-era cuts.
2025-09-26T19:28:00Z By Oscar Gonzalez
Amazon settled a complaint with the U.S. Federal Trade Commission Thursday over allegedly enrolling consumers into its Amazon Prime subscription and making it difficult to cancel. The FTC says the amount of the settlement is one of the biggest in its history.
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