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Generally, Texas courts uphold voluntary forum selection clauses unless they are affected by fraud, overreach, or are considered unreasonable and unjust. [17] It is challenging to contest these clauses on public policy grounds in a Texas court. Regardless of legal liability theories, Texas courts are required to honor forum selection clauses. [18]
He then operated a Ponzi scheme in Texas, using a company called Provident Royalties, that lasted from 2006 to 2009 and netted over $400 million. [120] On August 17, 2012, the SEC filed a federal case against defendants Paul Burks and Zeek Rewards, based out of North Carolina. Paul Burks ran the entity of Zeek Rewards, a fraudulent investment ...
A recovery room scam is a form of advance-fee fraud where the scammer (sometimes posing as a law enforcement officer or attorney) calls investors who have been sold worthless shares (for example in a boiler-room scam), and offers to buy them, to allow the investors to recover their investments. [92]
“Curtailing Ponzi schemes and holding accountable the individuals responsible for these scams is a vital component of the SEC's enforcement program,” the agency says.
He and his mother-in-law tricked people out of more than $2.1 million, authorities said. Lacrosse coach built trust, then he scammed Texas community in Ponzi scheme, feds say Skip to main content
Securities and Exchange Commission v. Jarkesy (Docket No. 22-859) [1] was a case before the Supreme Court of the United States.In May 2022, the Court of Appeals for the Fifth Circuit held, under certain statutory provisions, the Securities and Exchange Commission's administrative adjudication of fraud claims without jury trials in their administrative proceedings with their own administrative ...
Ten doctors, two pharmaceutical executives and two businesses have been indicted in a scheme to bribe doctors for prescriptions, U.S. Attorney for the Northern District of Texas Leigha Simonton ...
Mass-marketing fraud (or mass market fraud) is a scheme that uses mass-communication media – including telephones, the Internet, mass mailings, television, radio, and personal contact – to contact, solicit, and obtain money, funds, or other items of value from multiple victims in one or more jurisdictions.