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Selected Press Releases

SEC Charges College Football Hall of Fame Coach in $80 Million Ponzi Scheme

08/16/2012

The Securities and Exchange Commission today announced fraud charges against a former college football coach who teamed with an Ohio man to conduct an $80 million Ponzi scheme that included other college coaches and former players among its victims.Read more

SEC Charges Oracle Corporation With FCPA Violations Related to Secret Side Funds in India

08/16/2012

The Securities and Exchange Commission today charged Oracle Corporation with violating the Foreign Corrupt Practices Act (FCPA) by failing to prevent a subsidiary from secretly setting aside money off the company's books that was eventually used to make unauthorized payments to phony vendors in India.Read more

SEC Halts Denver-Based Ponzi Scheme

08/15/2012

The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze against a Denver-based company and two Colorado residents carrying out a $15.7 million Ponzi scheme harming more than 120 investors nationwide.Read more

SEC Charges Wells Fargo for Selling Complex Investments Without Disclosing Risks

08/14/2012

The Securities and Exchange Commission today charged Wells Fargo’s brokerage firm and a former vice president for selling investments tied to mortgage-backed securities without fully understanding their complexity or disclosing the risks to investors.Read more

SEC Charges Mutual Fund Adviser With Failing to Turn Over Records to SEC Examiners

08/10/2012

The Securities and Exchange Commission today charged a Florida-based investment manager and his firm for failing to provide SEC examiners with records of a mutual fund advisory business that invested in NASCAR-related stocks.Read more