Financial crimes

The tax authority is drafting final regulations that would require crypto brokers, including exchanges, to report detailed information on their clients' transactions.

The Financial Crimes Enforcement Network Tuesday proposed a rule to include investment advisors in the compliance regime under the Bank Secrecy Act, aiming to close regulatory gaps exploited by criminals.

The Internal Revenue Service crime unit that played a leading role in the Binance Holdings Ltd. probe is seeing a surge in cases involving crypto-related tax evasion.

The Internal Revenue Service's Criminal Investigation unit identified $37.1 billion in tax and financial crimes in fiscal year 2023, exceeding the previous year.

The fine arises from market manipulation committed by a pair of former employees over the course of nearly seven years.

A well-known business owner and advocate for the elderly now stands accused of stealing $2.25 million.

Thomas Brenner joins his accomplices Perry 'King Perry' Santillo and Christopher Parris in receiving prison sentences for defrauding investors.

Matthew Motil stands accused of raising more than $11 million by misleading investors about mortgage-backed promissory notes.

Regulators allege the CPA provided an air of legitimacy to John J. Woods' scam that defrauded 400 clients in 20 states.

Mario Rivero pleaded guilty in February to swindling five clients out of more than $600,000.

A lawyer representing Keith Todd Ashley argues prosecutors overreached in arguments used to obtain life sentence against his client.

Clients — and financial advisors — should ask these three questions when asked to divulge their Social Security number.

The regulator's court victory wraps up years of litigation against a financial planner accused of defrauding at least nine clients of more than $1 million.

The principals at Legend Venture Partners stand accused of making millions by offering shares in pre-IPO companies without disclosing markups to investors.

A 2018 law protects wealth managers who report scams against seniors — but it can only help them if they're aware of it.

Former Goldman partner Adam Dell, 53, was accused of sending graphic footage of himself to a junior staffer in 2020.

The former relationship manager has pleaded not guilty to allegations he blew money from client accounts on bad stock bets.

The former advisor faces as many as 10 years in prison for stealing roughly $1.7 million from relatives' brokerage accounts to pay for trips, cruises and other personal expenses.

Dennis B. Levine, a central player in the 1980's most notorious insider trading scheme, benefits from the regulator's fix, but so will some everyday financial planners.

Federal officials have long warned of the dangers of accounts with few guardrails on what they can invest in.