( Allegations of Fraud – Article ) ( Articles ) ( Allegations of Fraud ) Allegations of Fraud (AoF) Introduction AoF are serious claims that can have profound implications for individuals, businesses, and entire industries. When regulatory agencies get involved, such as the (FTC), (CFTC), (SEC), and (CFPB), the stakes become even higher. Understanding the […]
Day: November 14, 2024
CFTC-PR-9007-24 (11-14-24) Customer Alert Regarding CFTC v. Traders Domain FX Ltd Excerpt: WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Division of Enforcement today alerts customers on how to respond to a civil enforcement action it filed Sept. 30, against Traders Domain FX Ltd., and other defendants. Customers who believe they may be victims in this […]
( Student Loans – Article ) ( Articles ) ( Student Loans ) Student Loans (SLP) Introduction SLP are financial products designed to help students pay for their education. While these loans can provide essential funding for tuition, fees, and living expenses, they can also lead to significant financial burdens if not managed properly. The […]
CFPB-PR-241114-1 (11-14-24) CFPB Orders Global Tel Link to Pay $3 Million for Illegally Freezing and Draining Payments Accounts for People Who Are Incarcerated – Company profited by taking funds from inactive accounts and blocking money transfers from friends and family used to pay for basic needs Excerpt: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau […]
SEC-LR-26169 (11-14-24) Money Magnet Platinum Membership Initiative LLC, et al. SEC Litigation Release No. 26169 / November 14, 2024 SEC Obtains Final Judgements Against Lakenya Hopkins Excerpt: The Securities and Exchange Commission announced that is has obtained final judgement against Lakenya Hopkins for her role in a promissory note selling scheme, falsely promising investors extraordinary […]