Category: SEC Action

$20 Million Latest Fraud by Union Chief

Running the world’s largest public union from 2002 to 2008 evidently made Fred Buenrostro feel invulnerable. He committed so many frauds as CEO of the California Public Employees’ Retirement System (CalPERS) they are still being discovered years his first scandal came…

CEO Loses His Nuts

Diamond Foods, the snack food giant which built its empire on almonds and other nuts, canned their CEO and CFO after “an internal audit that revealed improper accounting of payments to walnut growers, resulting in the public company having to…

Oil Rig CEO Charged with Bribery

Swiss oil services company Noble, with offices in Sugar Land, Texas, paid $8.1 million in 2010 to settle U.S. charges of corruption. Noble cooperated with the government to uncover the bribery of Nigerian officials. The SEC filed charges against the…

CEO Grabs $11.5 Million in Alleged Fraud

Jan. 4, 2012 – The Securities and Exchange Commission said a Texas company called Life Partners Holding has defrauded investors. Life Partners buys life insurance policies from individuals in order to collect when they die. “Life Partners duped its shareholders…

CEO Returns $2.8 Million Earned During Fraud

The former chairman and CEO of CSK Auto Corp. greed to return $2.8 million in bonus compensation and stock profits that he received while the company was committing accounting fraud. The Securities and Exchange Commission said CSK Auto was fraudulently…