Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Jury Convicts Ex-Broker Who Lived Lavish Lifestyle Instead of Paying Taxes
By Jeff BermanJames Millegan concealed millions of dollars from the IRS, according to court documents.
November 08, 2022
Ex-Advisor to Pay $314K for Preparing False Tax ReturnsThe IRS filings included fake charitable contributions, unreimbursed business expenses and business losses, costing the government over $300,000 in tax revenues.
November 08, 2022
Kim Kardashian Poised to Beat Investor Suit Over Crypto HypeKardashian settled without admitting or denying SEC allegations and agreed to refrain from touting any more digital assets for three years.
November 07, 2022
Feds Score $3B Crypto SeizureProsecutors seized almost $3.4 billion in Bitcoin from a property developer who scammed the dark web marketplace Silk Road.
November 03, 2022
Genworth Executives Review Long-Term Care Rate Hike SettlementsTom McInerney says the arrangements may be good both for the policyholders and for Genworth.
October 31, 2022
Felon Who Ran Ponzi From Fraternity House Is Charged With Defrauding BDsSyed Arham Arbab allegedly conducted the "freeriding" scheme just before starting a five-year sentence for the Ponzi scheme.
October 31, 2022
Barred Broker Sentenced to 5 Years for Fraud That Shuttered Life Insurance FirmThe ex-broker scammed a life insurance company that was his client, leading it to be forced into liquidation.
October 31, 2022
Ex-Broker Sentenced to 20 Years in Prison Over Ponzi SchemePerry Santillo's 20-year sentence will run concurrently with a 17.5-year sentence he already faces.