Tag: Securities fraud
Parmjit Parmar, Securities Fraud, New Jersey 2025
⏱ 2 min read Parmjit Parmar, the former CEO of a publicly traded healthcare services company, orchestrated a massive $212 million investment fraud scheme in New Jersey from May 2015 to September 2017. Along with his conspirators, Parmar tricked investors into believing the company was worth substantially more than its actual value. The scheme involved…
Harish Chidambaran, Wire Fraud, New York 2026
⏱ 2 min read Two high-flying tech execs ran a multi-year scheme to rip off investors and lenders in Brooklyn, federal prosecutors allege. Harish Chidambaran, ex-CEO of Nasdaq-listed iLearningEngines, Inc., and Farhan Naqvi, the company’s ex-CFO, allegedly operated a continuing financial crimes enterprise, defrauding retail and institutional investors in the tech firm. iLearning claimed to…
Christopher Ferguson, Scheme to Inflate Order Numbers, New York 2023
⏱ 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…
United States Attorney Martin Estrada, Corporate Malfeasance, Washi…
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.
Crystal A. Huang, Securities Fraud, Utah, 2023
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.
Carl R. Ruderman, Securities Fraud, New York 2018
Former Chairman Indicted for Running $250 Million Securities Fraud Scheme. Read about the massive fraud scheme and its devastating consequences.
Christopher Ferguson, Pandemic Profit Inflation, Illinois 2023
The early days of the COVID-19 pandemic weren’t just a public health crisis; they were a feeding frenzy for scammers. Now, the top executives at Edison Nation, a once-promising consumer products company, are facing the music for inflating their pandemic profits. Christopher Ferguson, 58, the CEO and chairman, and Brian McFadden, a consultant, both confessed…
Kenneth Thom, Investment Scam, New York 2023
A self-proclaimed Wall Street guru, Kenneth Thom – known to his online followers as “K$” 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…
Christopher Ferguson, Securities Fraud, New York 2020
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…
Christopher Ferguson, Securities Fraud, New York NY, 2023
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.…
