Subject:

U.S. Securities and Exchange Commission

  • Blogs

    November 6, 2014

    McKinney Man Arrested for Massive Bitcoin Ponzi Scheme

    At its peak, Bitcoin Savings and Trust -- Trendon Shavers' Bitcoin business that he purported to be an investment operation -- controlled a full 7 percent of all publicly traded Bitcoin. Operating out of his McKinney home, Shavers, known as "pirateat40" in the Bitcoin community, managed as many as ... More >>

  • Blogs

    May 13, 2014

    Next Line of Defense for Wylys: "But Bill Brewer Said It Was OK"

    When I saw the big news yesterday from New York about the Dallas billionaire Wyly brothers -- a federal jury found them guilty on all counts in a $550 million tax evasion case -- I had to go back to Joe Guinto's excellent story last year in D Magazine: I thought I distinctly remembered both Sam Wyly ... More >>

  • Blogs

    August 14, 2013

    Mark Cuban Wants to Make Sure No Jurors Heard About His Alleged Come-On to Dirk's Brother

    Five years after it was filed, the Securities and Exchange Commission's insider trading suit against Mark Cuban is inching, slowly but inexorably, toward a showdown in court on September 30. Cuban, you'll recall, is accused of illegally using confidential information when he dumped his Mamma.com sto ... More >>

  • Blogs

    August 14, 2013

    Southlake Oil and Gas Flim-Flam Man Has a Really, Really Bad Month

    There was a time for Jason Halek when life was all luxury suites at Cowboys Stadium and showroom-fresh Hummers. Investors were pumping millions into his oil-and-gas start-up. Then everything, as it so often does when your business model revolves around misleading investors, sort of fell apart. The l ... More >>

  • Blogs

    August 8, 2013

    A Federal Judge in McKinney Man's Digital Ponzi Case Rules that Bitcoin is Real Money

    Trendon Shavers, the McKinney man accused by the Securities and Exchange Commission of running a pioneering Bitcoin Ponzi scheme, hasn't denied that he was running a scam or that he was using investors' cash to finance his day trading and trips to the casino. His main defense is that Bitcoin is not ... More >>

  • Blogs

    July 11, 2012

    Lewisville Company Pays $5.2 Million to Settle Claims That it Bribed Mexican Government

    A local medical device maker agreed yesterday to pay $5.2 million to settle a charges that it systematically bribed officials to win sales contracts with government hospitals in Mexico in violation of the Foreign Corrupt Practices Act. According to a complaint filed by the SEC, Promeca, the Mexican ... More >>

  • Blogs

    May 15, 2012

    Frisco Attorney With A History of Legal Trouble Indicted In $2.8 Million Alleged Oil and Gas Scheme

    Police rolled into the roundabout encircling Kelly Gordon Rogers' fountain at his sprawling estate in Frisco recently, with warrants charging him with money laundering, securities fraud and aggravated theft in a $2.8 million oil and gas rip-off. The indictments, issued by a Collin County grand jury ... More >>

  • Blogs

    February 22, 2012

    Dallas-Based Energy Future Holdings, Texas's Biggest Power Generator, Had a Rough Year

    Energy Future Holdings' end-o'-year popped up on the U.S. Securities and Exchange Commission's website late Tuesday, and, boy, is it ugly. Now, why should you care? Because Energy Future is the parent company of Luminant, Texas's biggest generator of electricity. And TXU Energy, a huge retail suppli ... More >>

  • Blogs

    May 5, 2011

    SEC Sues, Settles With Brinker Financial Analyst, Husband Over Insider Trading

    ​Digging through Pacer this morning, looking for something unrelated, I came across this: In Dallas federal court yesterday, the Securities and Exchange Commission sued Donna Hvidsten the manager of Planning and Analysis at Brinker International, and her husband Bruce, a former Brinker employee, f ... More >>

  • Blogs

    April 22, 2011

    "Beyond Belief": Transport Workers Union Furious Over Gerard Arpey's $5.2 Mil

    AMR CEO Gerard Arpey​As you're no doubt aware, American Airlines' flight attendants and service workers have long been at odds with the Fort Worth-based carrier over new contracts, leading to an endless parade of protests -- including ones at Dallas-Fort Worth International during Super Bowl week ... More >>

  • Blogs

    February 8, 2011

    SEC: Local Man Used Phony Cred to Steal Real Millions From Former Dallas Cowboy, 12 Others

    ​According to the Securities and Exchange Commission, Christopher Love Blackwell was -- and remains -- a very good salesman. He told would-be investors he had master's degrees and a PhD from a "prestigious university in Spain." He told them he was a veteran trader. He said he's worked at both Gold ... More >>

  • Blogs

    December 6, 2010

    As Feds Reveal Results From Operation Broken Trust, a Look at the Local Greatest Hits

    ​This morning in D.C., Attorney General Eric Holder met with the media to discuss Operation Broken Trust, a wide-ranging crime-bustin' effort conducted by an alphabet soup's worth of agencies intended to "protect American investors, to ensure the strength of our markets, and to prevent financial f ... More >>

  • Film

    November 4, 2010
  • Blogs

    June 21, 2010

    Six Flags Moving the Bossman to Dallas

    WFMU​Actually, if I'm not mistaken, Six Flags's corporate offices in the DFW are in Grand Prairie on Avenue J East. But today -- which marks the amusement park's return to the New York Stock Exchange following Chapter 11 reorganization -- Six Flags announced that Al Weber Jr., its president and i ... More >>

  • Blogs

    May 27, 2010

    And That Proxy Fight Over a Seat on Blockbuster's Board Just Got a Little Bit Uglier

    ​Look at it this way -- come June 24, when Blockbuster holds its annual shareholders meeting downtown, we'll be all done with this particular, and particularly ugly, chapter in the life of the "American icon." Till then, though, this latest development in Greg Meyer's attempt to snag a seat on the ... More >>

  • Blogs

    April 22, 2010

    Slowly But Surely, Blockbuster's Stock is Rising. Why? The Little Things Count.

    ​A few days ago, in a filing with the Securities and Exchange Commission, Renaissance Tower-based Blockbuster sent word: It's pushing back its shareholders meeting one month, to June 24. Said Tom Casey, the video-rental company's exec veep and CFO, "We believe the additional time will provide us w ... More >>

  • Blogs

    March 17, 2010

    The Grim Pragmatism Contained Within Blockbuster's Latest Annual Report

    The NYSE is threatening to delist Blockbuster's stock come May 26's shareholders' meeting in Dallas.​Stayed up way too late last night reading all 148 pages of Blockbuster's latest annual report, which was submitted yesterday to the Securities and Exchange Commission and is full of dire warnings t ... More >>

  • Blogs

    March 16, 2010

    Despite SEC Filing Warning of Possible Chapter 11, Blockbuster Remains Defiant

    ​At this late date, is there even any need to recount Blockbuster's myriad woes? They are innumerable, but to the list add this one: the possibility of having to file for Chapter 11. CEO Jim Keyes says that's so much nonsense, the doing of attorneys who have to give fair warning. But in the 148-pa ... More >>

  • Blogs

    January 12, 2010

    The "Rich Irony" of One Lawsuit

    ​Courthouse News this morning brings us The Case of the For-Profit Vocational School vs. The Personal-Injury Law Firm. The former is Rhodes Colleges, a California-based chain of campuses that offers courses in everything from criminal justice to HVAC repair (maybe you've seen the ads?). Locally, R ... More >>

  • Blogs

    November 23, 2009

    An Over-Served, Highly Questionable, Ponzi Schemed Monday Morning Grab Bag

    University of Texas at DallasYou know what'll make this picture more action packed? Beer. And wine.​According to the University of Texas at Dallas's own press release, more than 80 percent of students surveyed want the school to sell beer and wine at The PUB in the student union -- which seems sho ... More >>

  • News

    November 6, 2009
  • Blogs

    October 30, 2009

    Farewell to the Loneliest Blockbuster

    View Larger MapMaybe you recall that back on September 15, Elm Street-based Blockbuster filed with the Securities and Exchange Commission a little heads-up that, oh, just maybe it would shutter by the end of 2010 somewhere between 810 and 1,560 stores -- it all depends on how you define "shutter." ( ... More >>

  • Blogs

    July 20, 2009

    Mark Cuban: Out of the SEC Frying Pan ... Into the Hillwood Fire

    Just as Dallas Mavericks' owner Mark Cuban is finishing his jig in the wake of beating an insider trading charge from the Securities & Exchange Commission, today comes another legal pothole. This one from the guy who sold him the Mavericks. Hillwood Center Partners, which is contr ... More >>

  • Blogs

    January 8, 2009

    Neimans Had a Lousy Christmas

    Flickr photo: Wednesday181 It was but a month ago that Neiman Marcus president and CEO Burt Tansky insisted that sooner than later, the "aspirational shopper" and "loyal customer" would once again stroll through the store's doors with money to burn. At the time, the Dallas-based high-end retailer ... More >>

  • Blogs

    November 6, 2008

    Alas, Not Even Sarah Palin Could Keep Neimans From Losing Money

    Neiman Marcus this morning posted its October revenues report -- and the Dallas-based luxury retailer's income for the month dropped decreased 27.6 percent, from $383 million in October '07 to $281 million in '08. In its filing with the Securities and Exchange Commission, Burt Tansky, Neimans' chair ... More >>

  • Blogs

    March 18, 2008

    Items of Interest, Far As You Know

    A couple of random notes to keep you dry. First off, turns out we now have some idea why Justice Department official raided the offices of Dallas-based ice maker Reddy Ice earlier this month. Something to do with, oh, allegations of price-fixing, revealed late last week in a federal lawsuit filed in ... More >>

  • Blogs

    December 4, 2007
  • Blogs

    November 12, 2007

    Back on Its Heelys

    Carrollton-based Heelys this morning announced a "new national skate team comprised of some of the nation’s top skaters." The nine skaters range in age from 21 to 7, and the point of their new team is to "further develop the sport of hybrid skating, the combination of walking and running with skat ... More >>

  • Blogs

    August 23, 2007

    "A Going Concern." You Could Say That.

    Julia Roberts was once a pretty spokesperson for Earth Biofuels. Now, she's but a runaway bride. I've gotten several inquiries in recent days from Earth Biofuels shareholders wanting to know if there's any news concerning their, ahem, investment. Yes, indeed: This very week, the Dallas-based manufac ... More >>

  • Blogs

    July 20, 2007

    More of Earth Biofuels' Investors Want Their Money Back -- Like, Now

    Dennis G. McLaughlin III, chairman and CEO of Earth Biofuels, is under siege from investors who want their dough-re-mi back. We were going to stop writing for a little while about Earth Biofuels, the Knox Street-based alterna-energy company that, on the surface, appears to have been running out of g ... More >>

  • Blogs

    June 27, 2007

    Locals Buying Up Steak n Shake -- And We Don't Mean the Food, Neither

    On Monday, a group of Dallas investors represented by Crescent Court-based hedge fund HBK Investments L.P. filed with the Securities and Exchange Commission documents in which it was revealed that a bunch of locals were buying up Steak n Shake -- and not their excellent burgers and fries, mind you, ... More >>

  • Blogs

    June 15, 2007

    As In, "He Feels Awful"

    Since we couldn't find a photo of Phillip Offill, we just went with the next best thing. We revealed his clandestine scheming and scamming of an Addison-based sports company back in March. Dallas’ Only Daily painted him with a broad brush a few days earlier. But yesterday, the Securities and Excha ... More >>

  • Blogs

    May 10, 2007

    Does Earth Biofuels Have an Empty Tank? Forbes Thinks So, Again.

    The Dallas-based company to which Willie Nelson's hooked up the bus and a whole lot more is having financial...um...issues. Things looked good for Dallas-based Earth Biofuels last summer: Willie Nelson and Morgan Freeman were on the board of directors, Julia Roberts signed on as pretty spokeswoman ( ... More >>

  • Blogs

    February 7, 2007

    Rick's Cabaret Coming to Town. Sorry, Key Club.

    The city might have closed down the Penthouse Key Club for five big-friggin'-deal months, but, hey, lookie here: Says a press release sent out this a.m., the publicly traded (did I spell "publicly" right...yeah) Rick's Cabaret International, Inc. has signed a letter of intent to buy "an adult nightc ... More >>

  • Blogs

    January 31, 2007
  • Blogs

    September 28, 2006

    Hey, It's Not My Default!

    Yesterday, we reported that Dallas-based Affiliated Computer Services, Inc.--ya know, the embattled company with the red-light camera contract with the city and the duel federal investigations into its issuing of stock options--was suing its bank in federal court here. ACS isn't really angry with Th ... More >>

  • Blogs

    September 14, 2006

    Red Light District

    City council agreed to give ACS $13 million to install and operate red-light cameras. ACS--ya know, the company being investigated by the feds. Kinda like City Hall, come to think of it. Saw this morning that the city council yesterday OK'd a deal to give Affiliated Computer Services $13.29 million ... More >>

  • Blogs

    August 15, 2006

    Really Gotta Get Into Real Estate

    This afternoon, Behringer Harvard, a commercial real estate company headquartered on Dallas Parkway, issued a press release announcing it sold a five-story office building located at 1909 Woodall Rodgers Freeway "in the dynamic Uptown submarket of Dallas." Only it didn't say to whom or for how much- ... More >>

  • Blogs

    August 7, 2006
  • Blogs

    May 18, 2006

    Quite the Sales Pitch, AMR

    Two days ago, American Airlines' parent company, AMR Corp., submitted to the Securities and Exchange Commission a prospectus in which it announced it was selling precisely 15,002,091 shares of its common stock. As of yesterday, that stock was selling for $25.40 a share--which was way down from $27.6 ... More >>

  • Blogs

    March 16, 2006

    That's News to The News

    Amazing the stuff you find trolling the U.S. Securities and Exchange Commission's Web site when you've got nothing else to do. For instance, take this little item from Belo Corp.'s Form 10-K annual report, filed with the SEC just last week: "On January 5, 2006, Infinity Radio, Inc., a subsidiary o ... More >>

  • News

    June 3, 2004

    Still Sacred

    Morning News avoids the holy trinity

  • News

    February 7, 2002

    Enron's End Run

    To make a mess as big as the Enron debacle, you need some friends in high places--Texas Senator Phil Gramm and his wife, for instance

  • News

    November 1, 2001

    Pay for Play

    Seventy-three DMNers get sent packing

  • News

    November 16, 2000

    Fool's Gold

    Our intrepid correspondent follows a scheming ex-con to Mexico in search of treasure. They find bupkus.

  • Film

    February 17, 2000

    Greed is very, very bad

    Boiler Room serves up the sons of Gordon Gekko

  • News

    September 3, 1998

    The Grifter

    Smooth-talking stockbroker Roger Turner came across as a good Christian man--one who made it his business to charm widows and retirees out of their life savings

  • News

    July 10, 1997

    Stealth plant

    A nuclear neighbor catches Denton residents by surprise

  • News

    November 21, 1996
  • News

    October 19, 1995
  • More >>
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