Investment Scam Ringleader Pleads Guilty. Feds Recorded Him Paying Cash Kickbacks At A Boca Raton Starbucks Investment scam ringleader Paul Geraci pleaded guilty last week for his role in a large investment scheme. Geraci and several others defrauded investors out of approximately $21 million. They falsely claiming that investors’ money would go towards the development
SEC Plays Dean Wormer To UG Frat Boy Accused Of Running Fraudulent Hedge Fund Out Of Frat House The SEC is accusing former UG frat boy Syed Arbab of allegedly running a fake hedge fund out of a frat house. SEC investigators say the UG frat boy untruthfully portrayed himself as a University of Georgia
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Former Bankrate CFO Gets 10 Years In The Slammer For Cooking The Books To The Tune Of $25 Million Former Bankrate CFO Edward DiMaria is going to prison for 10 years. The former Bankrate CFO pleaded guilty to orchestrating a fraud scheme that caused more than $25 million in shareholder losses. Bankrate is a publisher and news aggregator
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Citigroup Fined $8.6 Million By Federal Reserve For Robo-Signing Related Issues The Federal Reserve leveled an $8.6 million fine against CitiGroup on Friday. The Federal Reserve stated the fine was due to the “deficient execution and notarization of certain mortgage affidavits. The issue stems from Citigroup’s exit from the mortgage servicing business back in 2017. The
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Detroit Law Firm Hertz Schram May Be Bilking Deutsche Bank Bondholders In A Foreclosure Battle With A U.S. Marine With Cancer Deutsche Bank and Deutsche Bank bondholders may not be responsible for a nine-year modification/foreclosure fight. Deutsche Bank has been trying to foreclose on a Marine Corps veteran with cancer who clearly qualifies for a
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