Day: December 28, 2023

Written by FinCrime

Fort Worth Company Accused of Selling $191 Million of Fraudulent Cattle Contracts in Ponzi Scheme

Reported by SETH MOREHEAD Fort Worth-based Agridime LLC has been put into receivership by a successful complaint from the Securities and Exchange Commission (SEC). The SEC obtained a temporary restraining order, an asset freeze, the appointment of a receiver, and other emergency relief against Agridime on December 14, alleging an ongoing $191 million Ponzi scheme raised from more than 2,100 investors in […]

Written by FinCrime

Man pleads guilty in stock fraud case involving $100 million New Jersey deli

Reported by Dan Mangan A North Carolina ex-convict pleaded guilty to securities fraud in connection with conspiring to manipulate the stock of a company that once had a market capitalization of as high as $100 million despite owning just one, small money-losing deli in southern New Jersey. Disgraced former stockbroker James Patten also admitted on Wednesday in Camden, New Jersey, federal court to conspiring […]