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From selling literal snake oil to a frat house Ponzi scheme, these are the 9 strangest scams of the last year

A lot of scams have been investigated in the last year. INSIDER reviewed court documents to find the strangest ones.

A Disney whistleblower is accusing the company of overstating its revenue by billions

A former senior accountant told the SEC that Disney recorded non-existent sales from giveaways and inflated gift-card revenues.

Warren Buffett-backed Kraft Heinz just hit a record low after dismal earnings, $1.2 billion charge

Buffett warned reporters in May that "there's something going on" with Kraft's finances. Berkshire Hathaway owns a 27% stake.
Michael Rothenberg

The SEC says former high flying VC Michael Rothenberg misappropriated $19 million from investors, and kept it up even while he was negotiating his set...

The SEC wants the court to order Rothenberg to pay more than $30 million, including a $9 million civil penalty.
Facebook CEO Mark Zuckerberg.

Facebook just had an absolutely wild rollercoaster of a week. Here’s everything that happened.

The Department of Justice, the Federal Trade Commission, and the Securities and Exchange Commission all announced action against the company.
Facebook CEO Mark Zuckerberg.

Facebook hit with additional $100 million fine for ‘misleading disclosures’ about data misuse in wake of Cambridge Analytica scandal

The SEC alleges Facebook knew in 2015 Cambridge Analytica had collected data on millions of users, but didn't disclose the breach until 2018.

Facebook looks set to get stung with another big fine over the biggest scandal in its history

The settlement will contain a fine of over $100 million and allege that Facebook didn't adequately warn investors after Cambridge Analytica.
Robert Jackson was appointed to the SEC in January 2018 by President Donald Trump.

After Elon Musk’s tweets landed Tesla in hot water, an SEC heavyweight is looking to shore up the regulator’s social-media rules

SEC commissioner Robert Jackson was unhappy with what Elon Musk and the SEC agreed to earlier this year, ending their months long legal battle.
Jay Clayton is sworn in to testify at a Senate Banking, Housing and Urban Affairs Committee hearing on his nomination of to be chairman of the Securities and Exchange Commission (SEC) on Capitol Hill in Washington, U.S. March 23, 2017.

The SEC just approved a massive change to how brokers give financial advice

The SEC voted to adopt a new investment standard for brokers. The new standard will require brokers to act in the "best interests" of clients.

The SEC is reportedly investigating whether Boeing was transparent enough with shareholders about problems with the 737 Max

The SEC is investigating whether Boeing gave shareholders sufficient information about problems with its 737 Max aircraft, Bloomberg reported.