August 27, 2026

The Financial Wire

The financial news that actually matters

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Warren Cohen

Warren Cohen is a finance writer based in Phoenix, Arizona, covering personal finance topics including credit, banking, and beginner investing. He earned his degree in business administration from Arizona State University and began his career working in consumer finance, where he gained direct experience with lending and credit systems. He now writes for personal finance websites and fintech platforms, focusing on clear, practical content that helps readers make informed financial decisions.

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Two former Mobileum executives faked the numbers before a $915 million sale, and the company later went bankrupt

Warren Cohen010 mins

Federal prosecutors have charged two former senior executives of Mobileum, a telecom analytics company, with inflating the firm’s financial results ahead of a $915 million private-equity acquisition. The Department of Justice unsealed an indictment naming former CFO Andrew Warner and former Chief of Delivery Kishore Vangipuram, accusing them of conspiracy to commit securities fraud and…

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White House, Washington DC

Washington has approved $95 billion in tariff refunds but paid out just $20.6 billion, and won’t return the rest automatically

Warren Cohen010 mins

Tens of thousands of American importers, many of them small businesses, are stuck in a widening cash-flow trap. The federal government has accepted roughly $95 billion in tariff refund applications tied to duties imposed under the International Emergency Economic Powers Act (IEEPA), yet only about $20.6 billion has actually been paid out. The remaining balance…

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The SEC says a real-estate operator ran a 15-year, $46 million Ponzi on elderly members of his own church

Warren Cohen09 mins

Federal authorities have charged Kenneth Mattson, the former CEO of a Sonoma County real-estate firm, with running a Ponzi scheme that spanned roughly 15 years and siphoned at least $46 million from approximately 200 investors. Many of those investors were retired senior citizens Mattson knew through his own church community. The parallel civil and criminal…

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The FBI says it has alerted 9,000 crypto-scam victims and headed off $562 million in losses

Warren Cohen09 mins

Nearly 9,000 people across the United States received an unexpected call from the FBI telling them they were being swindled in cryptocurrency investment schemes, and 77% of them had no idea. Through a program called Operation Level Up, the bureau estimates it prevented $562,726,245 in losses by reaching victims before they sent more money to…

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Legislative Hearing Room Maryland State Senate Committee Session

A Manhattan manager got four years for selling fake stakes in private companies

Warren Cohen09 mins

A Manhattan investment fund manager received a four-year federal prison sentence for running a scheme that sold fabricated stakes in private companies to investors who believed they were buying into promising pre-IPO opportunities. The case is one of several prosecuted by the Southern District of New York in which defendants raised tens of millions of…

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Delta is accused of hiding the cash-refund option to push expiring flight credits

Warren Cohen010 mins

Delta Air Lines passengers are pushing back against what they describe as a booking and cancellation system designed to steer them toward expiring flight credits instead of cash refunds. The accusation centers on the way Delta presents refund options after a qualifying cancellation or schedule change, with travelers reporting that the path to a monetary…

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A Santa Maria adviser pleaded guilty to draining $2 million from elderly clients

Warren Cohen09 mins

Julie Anne Darrah, a 52-year-old investment adviser from Santa Maria, California, pleaded guilty to one count of wire fraud after stealing approximately $2.25 million from elderly clients through her SEC-registered firm, Vivid Financial Management. Several of those clients were receiving end-of-life care when Darrah liquidated their securities and took the proceeds. U.S. District Judge Otis…

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A federal strike force has now seized more than $580 million in crypto from overseas scam centers preying on Americans

Warren Cohen09 mins

Americans lost at least $10 billion in 2024 to scam operations based in Southeast Asia, and the federal government’s primary response unit has now clawed back more than $580 million in cryptocurrency tied to those schemes. The Scam Center Strike Force, run out of the U.S. Attorney’s Office for the District of Columbia with FBI,…

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