Although blockchain technology, digital assets, and metaverses are generating widespread public interest, bad actors are now leveraging their interests to perpetrate fraudulent schemes.
All in Money
Medicaid Fraud Control Unit Helps Secure Indictments
Gaviola also faces charges for employing and billing Medicaid for a person practicing pediatric dentistry without a license, and for laundering over $100,000 in Medicaid monies from the Floss business bank to his personal account.
Public Welcomed to Attend Meetings at City Hall
Four city council workshops will be held to discuss the fiscal year 2022-2023 proposed annual operating and capital budget.
45 Year Prison Sentence in Collin County Investment Scheme
The sentence was the result of recent convictions for perpetrating a real estate investment scheme that victimized more than 330 individuals.
Austin Man Sentenced for Hotel Investment Fraud Scheme
According to court documents, from 2012 until June 2018, Jason Michael Schubert, 47, devised a scheme to bilk hotel investors out of millions of dollars.
Fraudulent Metaverse Investment Scheme
The order accuses Flamingo Casino Club of illegally soliciting securitized nonfungible tokens, or NFTs, that purportedly convey ownership of a metaverse casino and the right to share in the profits of the metaverse casino.
Texas Securities Commissioner Stops Metaverse Casino Securities Scheme
The order names Sand Vegas Casino Club, Martin Schwarzberger, and Finn Ruben Warnke and accuses them of illegally offering NFTs, or non-fungible tokens, to fund the development of virtual casinos in metaverses.
AG Paxton Investigates GoFundMe for Shutting Down Fundraiser
The crowd-funding platform’s integrity has come into question after it removed a multimillion-dollar fundraising campaign for the Canadian truckers “Freedom Convoy” which is protesting vaccine mandates.
Texas State Securities Board Issues Alert to Investors
The annual survey is designed to identify the most problematic products, practices, or schemes facing investors.
Securities Commissioner Entered Emergency Cease Order
According to the order, Treasure Growth has been soliciting Texans to invest in various cryptocurrency cloud mining programs through public advertisements and online platforms.
Derrick R. Trussell Entered a Plea of No Contest to Securities Fraud
Carter was arrested earlier this year and is being prosecuted for securities fraud, theft, misapplication of fiduciary property and money laundering.
Risky Whiskey - Securities Commissioner Stops International Investment Scheme
According to the order, Whiskey & Wealth Club is advertising the scheme through the internet – using a website, and promoting advertisements.
Abousaoui Sentenced to 25 years in State Prison for Ponzi scheme
This type of scheme is often referred to as a Ponzi scheme, where profits are not generated by underlying business activities and instead fraudulently derived from new investors’ funds.
Texas Securities Commissioner Stops Illegal Bank Leveraged Forex Program
According to the order, after promising to comply with the law, Grant continued to illegally offer the investments in Texas.
Brad Haycraft Indicted in Helium Well Investment Scheme
The recent indictments, handed up in June, charge Haycraft with violating the agency’s order, as well as violating state securities registration laws.
Legacy Wealth Advisors, Inc. Disciplinary Order Issued
The Disciplinary Order sanctioned Legacy Wealth Advisors for providing investment advice in Texas while not registered with the Securities Commissioner.
Texas and Alabama Team Up to Stop Fraudulent Investments
The scam involves 450 investors many of whom are senior citizens.
Fraudulent Offering Tied to Austin Downtown Venue Bull & Bowl
Securities Commissioner entered an Emergency Cease and Desist Order to stop offering tied to Bull & Bowl, a nightclub located in downtown Austin.
Carl William Pollock Indicted for Securities Fraud, Theft and Money Laundering
According to the indictment, Pollock misrepresented the use of principal to at least 20 victims - in part claiming money invested in HRA would be used to pursue financial recoveries.