SEC Charges Wisconsin Broker with Defrauding Retail Investors (SEC Release)Court Enters Judgment That Significantly Modifies and Extends Consent Decree With Live Nation/Ticketmaster / Amended Final Judgment Extends by Five and a Half Years the 2010 Live Nation/Ticketmaster Final Judgment; Live Nation to Pay Costs and Fees to American Taxpayers for Enforcement (DOJ Release)The Department of Justice Files Actions to Stop Telecom Carriers Who Facilitated Hundreds of Millions of Fraudulent Robocalls to American Consumers / First of its Kind Enforcement Action by the Justice Department (DOJ Release)
[M]atthes convinced his brokerage customers and advisory clients to invest in what he described as a safe investment that would earn a guaranteed minimum yield of 4% per year. As alleged in the complaint, the purported investment did not exist, and Matthes stole approximately $1.4 million for his personal use. Matthes allegedly stole an additional $1 million by making unauthorized sales and withdrawals from his customers' variable annuities. To cover up his fraud, Matthes allegedly created fake account statements and paid approximately $170,000 in Ponzi-like payments.
'Live Nation broke the promises they made to the court and the American people when they merged with Ticketmaster in 2010; today, we are holding them accountable,' said Assistant Attorney General Makan Delrahim of the Justice Department's Antitrust Division. 'The amended decree reimburses the American people millions of dollars and makes it easier for the Antitrust Division and state enforcers to identify and prosecute future transgressions.'
In the cases announced today, the United States alleges that the defendants operated voice over internet protocol (VoIP) carriers, which use an internet connection rather than traditional copper phone lines to carry telephone calls. Numerous foreign-based criminal organizations are alleged to have used the defendants' VoIP carrier services to pass fraudulent government- and business-imposter fraud robocalls to American victims. The complaints filed in the cases specifically allege that defendants served as "gateway carriers," making them the entry point for foreign-initiated calls into the U.S. telecommunications system. The defendants carried astronomical numbers of robocalls. For example, the complaint against the owners/operators of Ecommerce National d/b/a TollFreeDeals.com alleges that the defendants carried 720 million calls during a sample 23-day period, and that more than 425 million of those calls lasted less than one second, indicating that they were robocalls. The complaint further alleges that many of the 720 million calls were fraudulent and used spoofed (i.e., fake) caller ID numbers. The calls facilitated by the defendants falsely threatened victims with a variety of catastrophic government actions, including termination of social security benefits, imminent arrest for alleged tax fraud and deportation for supposed failure to fill out immigration forms correctly.
https://www.justice.gov/opa/press-release/file/1240026/downloadhttps://www.justice.gov/opa/press-release/file/1240031/downloadRobocalls from TollFreeDeals.com to U.S. Phones May 20-26, 2019 Heat Maphttps://www.justice.gov/opa/press-release/file/1240036/downloadhttps://www.justice.gov/opa/press-release/file/1240041/downloadhttps://www.justice.gov/opa/press-release/file/1240056/download
FINDINGS: The Arbitrator finds that Respondent's Motion to Dismiss was based generally on a lack of evidence to support the Statement of Claim and might have been more properly made as a Motion for Summary Judgment. However, since this is a matter to be decided on the pleadings, the Arbitrator further finds that Respondent's filing was unnecessary since the matter was at a point where a final ruling could be made to dispose of the case.