July 12, 2023/US SEC On July 12, 2023, the Securities and Exchange Commission charged Olivier Amar, the former Chief Growth Officer of Frank, with fraud in connection with the $175 million sale of the company to JPMorgan Chase Bank, N.A., (JPMC) in 2021. The SEC previously charged Charlie Javice, the […]
Frauds & Scandals
SEC Seeks to Halt North Carolina-Based Ponzi Scheme
July 12, 2023/US SEC On July 12, 2023, the Securities and Exchange Commission filed an emergency action to halt an alleged multimillion-dollar Ponzi scheme run by Durham, North Carolina resident Nayeem Choudhury and his hedge fund, Dream Venture Capital Group LLC. According to the SEC’s Complaint, filed in the United […]
SEC Charges Merrill Lynch and Parent Company for Failing to File Suspicious Activity Reports
July 11, 2023/US SEC The Securities and Exchange Commission today announced charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated and its parent company BAC North America Holding Co. (BACNAH) for failing to file hundreds of Suspicious Activity Reports (SARs) from 2009 to late 2019. Merrill Lynch agreed to pay […]
