Tag: FINRA
Edison Execs Cooked $10M PPE Orders
⏱ 3 min read Two men are facing hard time after a brazen scheme to inflate the value of Edison Nation, a publicly traded consumer goods company. CEO Christopher Ferguson and consultant Brian McFadden both admitted in federal court to falsifying records and misleading investors with bogus purchase orders totaling over $10 million. The hustle…
K$ Grift: Online Guru Cops a Plea
⏱ 3 min read Kenneth Thom, a 40-ish ex-broker known online as “K$” and “K Money,” confessed in Manhattan Federal Court today to fleecing investors with a classic pump-and-dump scheme. Thom, already radioactive in the financial world, built a slick online persona to lure victims after being barred from trading in 2011. He’s facing sentencing…
Edison Execs Faked $10M Order: Plea Deals
⏱ 2 min read The hustle for pandemic profits turned criminal. Christopher Ferguson, former CEO of Edison Nation, and Brian McFadden, a consultant for the firm, both pleaded guilty in federal court today to cooking the books. They confessed to faking $10 million in purchase orders after a massive deal for hand sanitizer went belly-up,…
Fake Finance Guru Bilked Followers
⏱ 2 min read Kenneth Thom, operating online as “K$” and “K Money,” admitted in federal court today to running a cold-blooded investment scam out of New York. The 40-something ex-broker preyed on social media followers with promises of easy profits, all while hiding a history of financial misconduct. Thom pleaded guilty to investment adviser…
Social Media ‘Guru’ Admits to Running a Scam
New York City – Kenneth Thom, the man known online as “K$” and “K Money,” confessed in federal court today to defrauding his social media followers out of their hard-earned cash. The self-proclaimed trading expert pled guilty to investment adviser fraud, a charge carrying a potentially lengthy prison sentence. Thom, already a disgraced figure in…
Edison Nation Execs Admit to Fake Order Numbers
⏱ 2 min read RELATED: Ohio Dealer Charged in Overdose Death SEE ALSO: Medicare Scam: Art Classes Billed as Therapy NEW YORK, NY – The top dog at Edison Nation, Christopher Ferguson, and a consultant, Brian McFadden, just admitted to a scheme to juice the company’s numbers, according to federal prosecutors in Manhattan. Both men…
