Tag: FINRA
Christopher Ferguson, Scheme to Inflate Order Numbers, New York NY,…
⏱ 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…
Kenneth Thom, Investment Adviser Fraud, New York City NY, 2023
New York City – Kenneth Thom, the man known online as “K$” and “K Money,” confessed in federal court today to defrauding his social media followers out of their hard-earned cash. The self-proclaimed trading expert pled guilty to investment adviser fraud, a charge carrying a potentially lengthy prison sentence. Thom, already a disgraced figure in…
Christopher Ferguson, Falsifying PPE Orders, New York, 2023
⏱ 3 min read Christopher Ferguson, the former CEO of publicly traded Edison Nation, and Brian McFadden, a consultant for the company, are facing the consequences after admitting they cooked the books. The pair pled guilty to falsifying records to mislead the Financial Industry Regulatory Authority (FINRA) about supposed orders for personal protective equipment (PPE)…
Kenneth Thom, Investment Adviser Fraud, New York NY, 2023
⏱ 2 min read Kenneth Thom, operating online as “K$” 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…
Christopher Ferguson, Faked Purchase Orders, New York, 2023
⏱ 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 $10 million in purchase orders after a massive deal for hand sanitizer went belly-up,…
Kenneth Thom Pleads Guilty to Pump-and-Dump Scheme, New York NY, 2023
⏱ 3 min read Kenneth Thom, a 40-ish ex-broker known online as “K$” 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…
Christopher Ferguson, Falsifying Records and Misleading Investors, …
⏱ 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…
