Corporate fraud is money taken or hidden from inside a business: an employee skimming from accounts, an executive dressing up the books, or a vendor billing for work that never happened. Shareholders, lenders, coworkers and customers absorb the loss.
Many cases surface in an audit, a bank reconciliation or a vendor review that turns up payments nobody can explain. Others start with a coworker who notices someone guarding the books too closely or living well beyond their salary.
From there, forensic accountants trace the money. Cases with investor losses go to the SEC, and criminal cases to the FBI and the DOJ.
Cases Barry and Titus worked themselves, with where each one stands. See every Case File.
Federal prosecutors charged Paul Regan with taking more than $60 million from over 300 investors through Next Level Holdings and Yield Wealth Ltd. Investors lost more than $50 million.
Federal prosecutors charged Paul Regan with selling about 300 “protected” notes through Next Level Holdings, taking in more than $45 million and paying old investors with new investors’ money.
Federal authorities charged Marco Santarelli with orchestrating a $62.5 million Ponzi scheme through Norada Capital Management.
Every corporate Fraud File breaks down how the scheme worked, who caught it and what it cost. Read the corporate Fraud Files.
