July 20, 2023/US SEC The Securities and Exchange Commission today announced the resolution of its case against Ryan Morgan Evans, the last remaining defendant in the SEC’s action arising out of a multi-million-dollar Ponzi and pyramid scheme and offering fraud known as “Saivian.” Evans agreed to pay $338,743 in disgorgement, […]
Frauds & Scandals
SEC Charges Digital World SPAC for Material Misrepresentations to Investors
July 20, 2023/US SEC The Securities and Exchange Commission today announced settled fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for making material misrepresentations in forms filed with the SEC as part of DWAC’s initial public offering and proposed merger with Trump Media & […]
Fed announces two enforcement actions against Deutsche Bank AG, its New York branch, and other U.S. affiliates
July 19, 2023/US Federal Reserve The Federal Reserve Board on Wednesday announced two enforcement actions against Deutsche Bank AG, its New York branch, and other U.S. affiliates. First, the Board issued a consent order and a $186 million fine based on unsafe and unsound practices and violations of the Board’s […]
