July 6, 2023/US SEC The Securities and Exchange Commission today charged former U.S. Army financial counselor Caz L. Craffy for defrauding Gold Star family members and others by engaging in unauthorized trading—including of life insurance and family survivor benefits they received following the death of an active duty service member—and […]
Frauds & Scandals
SEC Charges Police Chief, Four Others in Connection with Insider Trading Before Pharmaceutical Merger
July 6, 2023/US SEC On June 29, 2023, the Securities and Exchange Commission filed insider trading charges against five individuals, including a police chief in Dighton, Massachusetts, arising from trading before the announcement of a tender offer by Alexion Pharmaceuticals Inc. to acquire Portola Pharmaceuticals Inc. in May 2020. Four […]
SEC Obtains Final Judgments Against Operators of Fake Trading Scheme Known as “EmpiresX”
July 6, 2023/US SEC EmpiresX Judgment Pires and Goncalves Judgment The Securities and Exchange Commission has obtained final judgments against Empires Consulting Corp. (“EmpiresX”), and its founders Emerson Sousa Pires and Flavio Mendes Goncalves, whom the agency charged with a fake trading scheme. According to the SEC’s complaint, filed June […]
