Tag: Securities fraud
PPE Order Lies Land CEO, Consultant in Court
⏱ 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)…
Edison Execs Admit $10M Order Was a Sham
NEW YORK – The CEO of Edison Nation, Christopher Ferguson, and consultant Brian McFadden confessed in Manhattan Federal Court to fabricating a $10 million order to inflate the company’s value. The pair pleaded guilty to deceiving the Financial Industry Regulatory Authority (FINRA) after a major hand sanitizer deal fell through during the pandemic’s PPE rush.…
PPE Lie: Edison Execs Plead Guilty to $10M Scam
The pandemic was a breeding ground for desperation – and for grifters. Christopher Ferguson, the CEO and chairman of Edison Nation, and Brian McFadden, a consultant for the consumer product firm, learned that lesson well. Both men have now admitted to fabricating a $10 million order for personal protective equipment (PPE) at the height of…
“K Money” Crumbles: Wall St. Pretender Admits $2M Scam
A self-proclaimed Wall Street guru, Kenneth Thom – known to his online followers as “K$” and “K Money” – finally confessed in Manhattan Federal Court today to running a brazen $2 million investment scam. Thom, a previously suspended broker, systematically fleeced investors with promises of easy riches, all while allegedly funneling the cash into his…
PPE Lies: Edison Nation Execs Plead Guilty to Pandemic Fraud
The early days of the COVID-19 pandemic weren’t just a public health crisis; they were a feeding frenzy for scammers. Now, the top executives at Edison Nation, a once-promising consumer products company, are facing the music for inflating their pandemic profits. Christopher Ferguson, 58, the CEO and chairman, and Brian McFadden, a consultant, both confessed…
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…
Feds Launch New Strike Force to Crush Corporate Crime
United States Attorney Martin Estrada launches Corporate and Securities Fraud Strike Force to uncover and punish corporate malfeasance, prioritizing investigations on accounting fraud, insider trading, and criminal violations of the Bank Secrecy Act. Led by AUSA Brett Sagel, the Strike Force aims to restore public trust in the financial system.
Utah CEO Nabbed for $5 Million Investor Scam
Utah Businesswoman Sentenced to 18 Months Imprisonment for Securities Fraud – Crystal A. Huang defrauded investors of $5 million through false promises and information. Court documents reveal the extent of her scheme and the importance of reporting suspicious activity.
Ex-Chairman Blew $250M in Investor Cash
Former Chairman Indicted for Running $250 Million Securities Fraud Scheme. Read about the massive fraud scheme and its devastating consequences.
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,…
