Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud April 20, 2026 By Jonathan Stempel The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on charges...
Court Dismisses Securities Fraud Charges Against Fashion Designer Cole’s Brother October 29, 2025 By Larry Neumeister The brother of designer Kenneth Cole says he was vindicated on Monday by a federal appeals court’s decision to overturn...
Pennsylvania Man Charged in $400 Million ATM Fraud September 4, 2025 By Jonathan Stempel A Pennsylvania man has been charged with tricking people into investing money he claimed would be used to buy thousands...
Musk Loses Bid to Thwart Investor Suit Over Twitter Purchase March 31, 2025 By Malathi Nayak Elon Musk failed to fend off an investor lawsuit claiming he manipulated the stock price of Twitter Inc. months before...
US Supreme Court Tosses Case Involving Securities Fraud Suit Against Nvidia December 11, 2024 By John Kruzel The U.S. Supreme Court sidestepped on Wednesday a decision on whether to allow shareholders to proceed with a securities fraud...
Meta Must Face Investor Suit After Supreme Court Drops Case November 22, 2024 By Greg Stohr The US Supreme Court dismissed an appeal by Meta Platforms Inc., leaving it to face a lawsuit that accuses the...
US Supreme Court to Hear Facebook Bid to Escape Securities Fraud Suit November 8, 2024 By John Kruzel The U.S. Supreme Court is set on Wednesday to consider a bid by Meta’s Facebook to scuttle a federal securities...
Facebook, Nvidia Ask Supreme Court to Spare Them From Securities Fraud Suits November 4, 2024 By John Kruzel The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to...
US DOJ Charges British Man Over ‘Hack-to-Trade’ Scheme October 2, 2024 By Jonathan Stempel A British man has been arrested and charged by U.S. authorities with hacking into the computers of five companies to...
Kansas Man Sentenced for Securities Fraud August 27, 2024 Kansas Insurance Commissioner Vicki Schmidt announced that a Wichita man has been sentenced to prison for securities fraud. Jesse Wayne...