November 1, 2023/US SEC The Securities and Exchange Commission today charged SafeMoon LLC, its creator Kyle Nagy, SafeMoon US LLC, and the companies’ Chief Executive Officer, John Karony, and Chief Technology Officer, Thomas Smith, for perpetrating a massive fraudulent scheme through the unregistered sale of the crypto asset security, SafeMoon. […]
Frauds & Scandals
SEC Charges Four Long Island Men with Perpetrating $2 Million “Free-Riding” Scheme
October 31, 2023/US SEC The Securities and Exchange Commission today announced fraud charges against Eduardo Hernandez, Christopher Flagg, Daquan Lloyd, and Corey Ortiz, all currently or formerly of Long Island, New York, for perpetrating a multi-year “free-riding” scheme that generated more than $2 million in illicit profits. The SEC alleges […]
SEC Charges SolarWinds and Chief Information Security Officer with Fraud, Internal Control Failures
Complaint alleges software company misled investors about its cybersecurity practices and known risks October 30, 2023/US SEC The Securities and Exchange Commission today announced charges against Austin, Texas-based software company SolarWinds Corporation and its chief information security officer, Timothy G. Brown, for fraud and internal control failures relating to allegedly […]