investment fraud News

Vermont to Freeze Remaining Assets in Ski Resort Fraud Case

A judge has approved freezing the remaining assets of a former Vermont ski resort owner who is being investigated on suspicion of investment fraud. Michael Pieciak, commissioner of the state Division of Financial Regulation, tells the Caledonian Record the judge …

2 Dallas Residents Guilty of Medical-Related Fraud

Two Dallas residents have pleaded guilty to medical investment-related fraud in what investigators call a $10 million Ponzi scam. Federal prosecutors in Dallas last week announced guilty pleas from 50-year-old Duncan MacDonald III and 71-year-old Gloria Ann Solomon. Both could …

Judge Certifies Investor Class Action Against Goldman Sachs

Goldman Sachs Group Inc. was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. U.S. District Judge Harold …

Loreley Financing Sues Citigroup Over $1 Billion Investments

Citigroup Inc. was sued for fraud by Loreley Financing over nearly $1 billion worth of collateralized debt obligations purchased in 2006 and 2007. Citigroup is accused of defrauding Loreley into purchasing “fraudulent investments that are now worthless,” Loreley said in …