Devon Energy Companies Agree to Pay $6.15 Million to Settle False Claims Act Allegations for Underpaying Royalties on Gas from Federal Lands

DOJ

Devon Energy Corporation, an Oklahoma-based oil and natural gas exploration and production company, and its affiliates, Devon Energy Corp. (Oklahoma) and Devon Energy Production Company LP (collectively, “Devon”), have agreed to pay $6.15 million to resolve allegations that it violated the False Claims Act by underpaying and underreporting royalties for natural gas from federal lands in Wyoming and New Mexico. read more »

U.S. SEC charges individuals in 'meme stock' options trading scheme

REUTERS

The U.S. Securities and Exchange Commission on Monday charged two individuals for a fraudulent trading scheme involving so-called "meme stocks" aimed at taking advantage of a surge in retail trading driven by social media in early 2021. read more »

SEC Charges Florida Payday Lender and CEO with Affinity Fraud Targeting the Venezuelan-American Community

SEC

The Securities and Exchange Commission today announced charges against Sky Group USA LLC, a payday loan company based in Miami, and its CEO, Efrain Betancourt, Jr., for fraudulently raising at least $66 million through the sale of promissory notes to more than 500 retail investors, including members of the South Florida Venezuelan-American community. read more »