July 25, 2023/US SEC The Securities and Exchange Commission announced it filed an action against Brandon Charnas, a real estate broker based in New York and South Florida, seeking an order directing him to comply with an investigative subpoena for documents. According to the SEC’s application, filed in U.S. District […]
Frauds & Scandals
SEC Charges Twice-Convicted Fraudster Eliyahu Weinstein and Five Others with $38 Million Ponzi-Like Scheme to Defraud Investors
July 24, 2023/US SEC Along with Weinstein, the SEC charged Aryeh L. Bromberg, Joel L. Wittels, Richard M. Curry, Christopher J. Anderson, and Alaa Mohamed Hattab for their roles in the fraudulent scheme, which involved raising investments to fund purported deals to purchase, distribute, and sell in-demand healthcare products. The […]
Fed Announces $268.5 Million Fine with UBS Group AG of Zurich for Misconduct by Credit Suisse
July 24, 2023/US Federal Reserve The Federal Reserve Board on Monday announced a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023. The misconduct involved Credit Suisse’s unsafe and unsound counterparty credit risk […]
