The Securities and Exchange Commission announced today (August 3) that a federal jury found Michael J. Pietrzak and Maurice W. Furlong liable for securities fraud and other charges in their operation of Hexagon Consolidated Companies of America, Inc. (HCCA), a development stage mining company headquartered in Reno, Nev. Pietrzak was HCCA's general counsel, CFO, and executive secretary, as well as a director. Furlong was HCCA's chairman, president and CEO.

The Securities and Exchange Commission filed on July 24 securities fraud charges against the operators of an Internet-based Ponzi scheme that raised $41.9 million in just four months from more than 20,000 investors worldwide.

Royal Dutch Shell fights it out in multi-billion dollar worldwide class action lawsuit arising from the reserves fraud which first hit the news headlines in January 2004