Fraud
NatWest Markets Manipulation of Treasury Futures Markets by Spoofing Class Action
This class action accuses three companies of “unlawful and intentional manipulation of U.S. Treasury Futures contracts” and options on those contracts, as traded on US exchanges, including the Chicago Board of Trade (CBOT). The companies accused are NatWest Markets Securities, Inc., NatWest Markets, Plc, and NatWest Group, Plc (formerly RBS Securities, Inc., the Royal Bank Read moreSecurities, Fraud
Fleet Group Queens Hotel Project and EB-5 Program Investors Class Action
The EB-5 Immigrant Investor Program allows investors in US businesses to apply for permanent residence in the US for themselves and their immediate families under certain conditions. This class action is brought by a group of investors aspiring to qualify for that program who claim they were duped into investing in a fraudulent project for Read moreFraud
Wells Fargo Cooperation in Ponzi Scheme Class Action
Banks are required to follow Know Your Customer rules and to know enough about its customers’ businesses to recognize whether their transactions are reasonable for their purposes or possibly fraudulent. The complaint for this class action alleges Wells Fargo Bank, NA did not give sufficient scrutiny to customers Johanna Garcia and her companies MJ Capital Read moreFraud
McKinsey Helped Purdue Increase OxyContin Sales Alabama Class Action
This complaint is brought by a county and city in Alabama against McKinsey & Company, Inc. and two related McKinsey companies on the subject of opioids, citing “significantly increased costs, as well as a dramatic increase of social problems, including … drug abuse and the commission of criminal acts to obtain opioids.” The complaint says Read moreFraud
TD Bank Says Fraudulent Transactions Were Authorized Class Action
When a person perpetrates a fraud on a bank account, what is the limit of liability for the account holder? The complaint for this class action alleges that TD Bank, NA’s refusal to count a transaction as fraudulent violates both the Electronic Funds Transfer Act (EFTA) and the bank’s own agreements. Read moreFraud
Wyndham Vacation Resorts No-Consent Credit Accounts Class Action
How would you feel if you attended a timeshare presentation, then found out that the presenting company had opened a credit card account in your name, without your request or permission? The complaint for this class action alleges that Wyndham Vacation Resorts, Inc. and Comenity Capital Bank use consumers’ personal information to institute credit card Read moreFraud
Fake Celebrity Endorsement “Free Trial” Scam Class Action
Plaintiff Cindy Adam signed up for a “free trial” of Nuvega Lash products on August 24, 2017. The complaint alleges that she “was billed multiple times that day for their products.” A couple of weeks later, she was billed again, twice, without her permission, resulting in an insufficient funds fee for her account This class Read moreFraud
Apple Claims Helplessness in iTunes Gift Card Scam Class Action
The complaint for this class action highlights a scam perpetrated through purchases of Apple iTunes gift cards. The complaint alleges that scammers are taking advantage of consumers, particularly of older people. (The plaintiffs in this case are between 55 and 71 years old.) Apple portrays itself as helpless to do anything about the scam, but Read moreFraud
Herbalife Circle of Success Fraudulent Statements RICO Class Action
Herbalife International of America, Inc. involves a multilevel marketing (MLM) company that maintains its distributors’ enthusiasm through a series of events the complaint for this class action identifies as the “Circle of Success.” The complaint claims, however, that the statements made in these events are fraudulent, and that distributors have little to no chance of Read moreFraud
Zions Bank Should Have Stopped Silver Ponzi Scheme, Says Class Action
This class action sues Zions Bancorporation for the failure to act of Zions Bank, one of its divisions. The complaint’s allegation is that others operated a Ponzi scheme, and that the bank was negligent in failing to detect the scheme and take action against it. Read moreFraud
