Financial fraud includes activities like embezzlement, insider trading, and accounting fraud, inflicts substantial harm on society. It distorts the transparency and efficiency of financial markets, leading investors and regulators to make decisions based on false information, which can destabilize entire economic systems. The direct victims of financial fraud—ranging from individual investors to large corporations—can face devastating financial losses, potentially wiping out life savings or crippling business operations.
Corporate Greed Case Study: Comerica Bank & Its Impact on Federal Benefits Recipients TL;DR: A class-action lawsuit alleges that Comerica Bank, a major U.S. financial institution, has systematically retained over $100 million per year in interest and investment earnings that…
Corporate Misconduct Case Study: EcoShield Pest Solutions & Its Impact on American Consumers TLDR: A new lawsuit accuses EcoShield Pest Solutions of orchestrating a deceptive nationwide scheme, impacting potentially thousands of households. The company is alleged to have systematically charged…
Corporate Greed Case Study: Fanatics & Its Impact on the Sports Trading Card Market TLDR: A Summary of the Allegations A recent class-action lawsuit alleges that sports apparel giant Fanatics has engaged in a calculated, multi-front campaign to systematically eliminate…
Corporate Greed Case Study: Evolve Bank & Trust and Lineage Bank & Their Impact on FinTech Savers TLDR: Thousands of Americans who used popular financial technology (FinTech) apps to save their money have been locked out of their accounts, with…
Corporate Greed Case Study: My Big Coin & Its Impact on Defrauded Customers TLDR: A federal court found that My Big Coin Pay, Inc. and its executives masterminded a fraudulent scheme, soliciting over $6 million from customers by falsely marketing…
Corporate Greed Case Study: Agridime LLC & Its Impact on American Customers TLDR: Agridime LLC, a Texas-based company, has been ordered to pay over $102 million in restitution to its customers after being charged with a massive fraudulent scheme. The…
TL;DR: According to a class-action lawsuit, the Richmond Redevelopment and Housing Authority (RRHA), the largest public housing authority in Virginia, has been systematically and illegally overcharging its poorest residents. The complaint alleges that RRHA actively hides a federally mandated “Hardship…
Corporate Misconduct Case Study: NewEdge Securities & Its Impact on Public Finance TLDR: Financial firm NewEdge Securities LLC engaged in a multi-year scheme to deceive underwriters and improperly obtain new issue municipal bonds, which are used to fund public projects.…
Corporate Greed Case Study: Bank of America & Its Impact on California’s Unemployed and Disabled TLDR: A Lawsuit’s Damning Allegations A federal class-action lawsuit accuses Bank of America of systematically seizing tens of millions of dollars in investment earnings that…
Corporate Greed Case Study: Northern Trust Securities & Its Impact on Market Transparency TLDR: For over eight years, from August 2016 to December 2024, Northern Trust Securities, Inc., a major player in the financial industry, failed to report its commissions…