After Fraud Probe, Ex-Goldman Trader Surrenders

On April 3, 2013, Matthew Taylor, a former Goldman trader, surrendered to the FBI in New York after he was accused by securities regulators of concealing an $8.3 billion futures position. Last year, the Commodity Futures Trading Commission (CFTC) filed a civil lawsuit against Mr. Taylor alleging that he defrauded his then-employer, Goldman Sachs, by…

North Carolina town, and many nationwide, still feeling effects of ZeekRewards $600 million Ponzi Scheme

Paul Burks, the mastermind behind ZeekRewards $600 million ponzi scheme is still negatively affecting many investors nationwide. Paul Burks attracted approximately 1 million investors into his ponzi scheme, which was headquartered in Lexington, North Carolina. The SEC closed ZeekRewards operations on August 17, 2012. They alleged that Burks was selling securities without a license and…