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DallBogg Life and Health Insurance Prohibition Order in Poland

The Polish Financial Supervision Authority (KNF) issued a prohibition order barring Insurance JSC 'DallBogg: Life and Health' from conducting insurance business in the territory of the Republic of Poland. The enforcement action prohibits the foreign insurer from pursuing insurance activities in the Polish market.

Weizheng Zeng Cease-And-Desist Order, Insider Trading, $69k Profit

The SEC issued a cease-and-desist order against Weizheng Zeng for insider trading in Chimerix securities ahead of Jazz Pharmaceuticals' acquisition announcement. Zeng, a Jazz employee on the due diligence team, purchased 19,902 Chimerix shares between February 19 and March 4, 2025, using material nonpublic information about the contemplated acquisition, generating profits of $69,011. The order requires disgorgement of $69,011, prejudgment interest of $2,443.25, and a civil money penalty of $69,011.

Naples Tax Preparer Wilner Cenecharles Pleads Guilty to Eight Counts of Tax Fraud, Agrees to Pay $65,000+ Restitution

IRS-CI announced that Naples, FL tax preparer Wilner Cenecharles pleaded guilty to six counts of assisting in the preparation of false tax documents and two counts of filing false tax returns. Cenecharles prepared fraudulent returns for clients at Motivation Tax Financial Services by adding fictitious business profits/losses and bogus educational credits to generate false refunds. Cenecharles also failed to report thousands of dollars in personal income and tax preparation fees on his own returns. Cenecharles agreed to pay more than $65,000 in restitution and faces up to three years in federal prison per count.

Nevada Businesswoman Pleads Guilty to $15M COVID-19 Tax Credit Fraud Scheme

IRS Criminal Investigation announced that Adonia Stiles, a Las Vegas-based real estate agent, tax preparer, and clothing store owner, pleaded guilty to one count of conspiracy to file false claims. She conspired to fraudulently claim over $15 million in COVID-19 Employee Retention Credit and sick and family leave credits. Stiles referred clients to co-conspirator Candies Goode-McCoy, who filed over 150 false employment tax returns causing the Treasury to pay more than $7 million in fraudulent refunds. Stiles received at least $135,000 in undisclosed referral payments.

DCCA Joins $80M Multistate Settlement With Block Inc for BSA/AML Violations

The Hawaii Department of Commerce and Consumer Affairs joined 47 state regulators in an $80 million multistate settlement with Block, Inc., the parent company of Cash App, for violations of Bank Secrecy Act and anti-money laundering laws. Block agreed to pay the penalty, hire an independent consultant to review its BSA/AML program, and submit a report to states within nine months, followed by 12 months to correct any deficiencies. The enforcement action addresses failures in customer due diligence, suspicious activity reporting, and high-risk account controls.

BSQUARE TECHNOLOGY CO. LTD. Sanctions Entry Corrected - Asset Freeze Remains in Force

The Guernsey Financial Services Commission issued a correction notice for BSQUARE TECHNOLOGY CO. LTD. (Unique ID: GHR0183) under the Global Human Rights Sanctions Regulations 2020. The entity remains subject to an Asset Freeze and Director Disqualification Sanction on the UK sanctions list. All Guernsey-regulated businesses must immediately check for relationships with the entity, freeze any associated funds or assets, and report findings to the Policy & Resources Committee and GFSC.

Equilus Group Inc. $39M Real Estate Ponzi Scheme Summary Order and Charges

WA DFI Division of Securities issued a Summary Order and Statement of Charges against Equilus Group Inc., Equilus Capital Partners LLC, Joel Richard Frank, and related entities for a $39 million real estate Ponzi scheme spanning April 2017 to October 2025. The order summarily suspends registrations and mandates cease and desist, with intent to order revocation of registrations, disgorgement, and fines. Allegations include misappropriation of funds, Ponzi-like payments, false account statements, unregistered securities sales, unregistered broker-dealer operations, and custody violations.

Mandatory Recall of GH Kush Pops Medical Cannabis Lollipops for Exceeding THC Limit

The New Mexico Cannabis Control Division ordered a mandatory recall of GH LLC's "GH Kush Pops" medical cannabis lollipops after finding the product contained 200 mg total THC per package (two 100 mg lollipops), exceeding the state limit of 50 mg THC per serving. Licensed retailers are required to immediately remove the product from shelves. No health-related complaints have been reported.

AFS E-Venues B.V. Fined €28,710 for Repeated Liquidity Shortfalls

DNB imposed an administrative fine of €28,710 on investment firm AFS E-Venues B.V. for repeated failures to meet statutory liquidity requirements. The firm violated minimum liquidity standards on five occasions during the period from 31 March 2024 to 10 February 2025, despite prior warnings from DNB. The fine was set in accordance with DNB's capital shortfall enforcement policy of 20 February 2015.

Community Bankshares Cease and Desist Order

The Federal Reserve Board issued a Cease and Desist Order against Community Bankshares, Inc., LaGrange, Georgia, dated April 14, 2026. The enforcement action targets the bank holding company and requires it to cease and desist from practices identified by the Federal Reserve. The specific violations and compliance requirements are detailed in the attached order document.

John Fortini Pays $1.3M Disgorgement, Permanent Trading Ban for Commodity Pool Fraud

The CFTC obtained a consent order from the U.S. District Court for the Southern District of Florida against John Fortini, a Florida resident and former executive at Algo Capital LLC. Fortini was ordered to pay $1,347,867.56 in disgorgement for commodity pool fraud involving misappropriation of customer funds and material misrepresentations about proprietary trading algorithms. The court imposed a permanent trading ban and permanent injunction against Fortini from further violations of the Commodity Exchange Act.

Nevada Business Owner Sentenced to 54 Months for $100M COVID-19 Tax Fraud Scheme

Candies Goode-McCoy, formerly of Las Vegas, Nevada, was sentenced to 54 months in federal prison and three years of supervised release for conspiracy to defraud the United States by fraudulently claiming nearly $100 million in COVID-19 employment tax credits. McCoy filed more than 1,200 fraudulent tax returns from June 2022 through September 2023, seeking refunds totaling over $98 million based on the employee retention credit and paid sick and family leave credit. The IRS paid approximately $33 million as a result of the scheme, and McCoy personally received over $1.3 million in fraudulent refunds plus $800,000 from clients for filing fraudulent returns.

Insurance Brokers Pay $135M for ACA Enrollment Fraud Scheme

AP of South Florida (APSF) pleaded guilty to major fraud against the United States and agreed to pay $27.6M in criminal restitution for its role in an ACA enrollment fraud scheme. In a parallel civil resolution, parent company AssuredPartners, Inc. agreed to pay $107M to resolve False Claims Act allegations. The scheme fraudulently enrolled vulnerable, low-income individuals in fully subsidized ACA plans for which they did not qualify, resulting in $141.5M in unwarranted subsidies.

OSC Approves $600,000 Settlement with Liquidnet Canada for ATS Trading Breach

The Capital Markets Tribunal approved OSC's settlement with Liquidnet Canada Inc. (LCI) for breaches of National Instrument 21-101 Marketplace Operation. LCI, an alternative trading system operator, disclosed trade and order information of market participants to unauthorized employees of foreign affiliates. LCI also failed to be forthcoming with the OSC regarding a trading suspension. LCI paid a $600,000 CAD administrative penalty plus investigation costs and must undergo an independent review of its practices and procedures.

Elidad Kado Insurance License Revoked for Fraud

The Michigan Department of Insurance and Financial Services (DIFS) issued an Order Accepting Stipulation revoking the insurance license of Elidad Kado (Case No. 26-18896, System ID No. 1308492) effective immediately on April 13, 2026. The revocation is based on findings that Kado attempted to obtain a license through misrepresentation or fraud and engaged in fraudulent or dishonest practices demonstrating untrustworthiness, in violation of Sections 1239(1)(a) and 1239(1)(g) of the Michigan Insurance Code.

Lavonne Yousif Insurance License Revoked for Fraud and Misrepresentation

MI DIFS issued an Order Accepting Stipulation revoking Lavonne Yousif's insurance license (Enforcement Case No. 25-18794) effective April 8, 2026. The respondent admitted to obtaining a license through misrepresentation or fraud under MCL 500.1239(1)(a) and engaging in fraudulent or dishonest practices demonstrating untrustworthiness under MCL 500.1239(1)(g). The order permanently bars Yousif from reapplying for any DIFS-administered license.

Patrick Skorupski Insurance License Revoked for Exam Cheating, Fraud

Michigan DIFS issued an Order Accepting Stipulation revoking Patrick Skorupski's insurance license (Enforcement Case No. 26-18922) effective April 13, 2026. DIFS found that Skorupski obtained his license through misrepresentation or fraud and used fraudulent or dishonest practices in the conduct of business. The revocation is permanent, and Skorupski is prohibited from reapplying for any license administered by Michigan DIFS.

Express1 LLC License Revoked by DIFS for Deferred Presentment Violations

Michigan DIFS issued an Order Accepting Stipulation revoking Express1 LLC's three licenses (DP-0025514, DP-0025515, DP-0025516) under the Deferred Presentment Service Transactions Act. The revocation follows a Notice of Opportunity to Show Compliance served on November 5, 2025, alleging the company's conduct failed to meet requirements under the Act. Sole officer and member George Yusubov is also barred from future licensure applications under any financial licensing acts administered by DIFS' Office of Consumer Finance.

Ali Sharif Insurance License Revocation for Exam Fraud

MI DIFS issued Order Accepting Stipulation (Case No. 26-18920) revoking the insurance license of Ali Sharif (System ID No. 1315812) effective April 13, 2026. The revocation follows respondent's admission to obtaining an insurance license through misrepresentation or fraud under MCL 500.1239(1)(a) and using fraudulent or dishonest practices demonstrating untrustworthiness under MCL 500.1239(1)(g).

Olivia Quatrine Insurance License Revoked for Fraud

The Michigan Department of Insurance and Financial Services has revoked Olivia Quatrine's insurance producer license. The revocation follows Quatrine's admission that she obtained her license through misrepresentation or fraud and engaged in fraudulent or dishonest practices in business, violating Michigan Insurance Code Sections 1239(1)(a) and 1239(1)(g). The order was issued following a stipulation agreement and the license revocation is effective immediately.

Houston Man Sentenced to 20 Years for Drug Trafficking, Money Laundering

U.S. District Judge Ewing Werlein Jr. sentenced Cyrus Boujabadi to 240 months in federal prison followed by five years of supervised release and a $5,000 fine for drug trafficking and money laundering. Boujabadi led a narcotics distribution conspiracy involving MDMA, meth, cocaine, marijuana, psilocybin, and DMT from January 2019 to July 2023, and laundered proceeds through property purchases in Tennessee now forfeited. Five co-defendants have also been convicted in the case.