May 9, 2023/US SEC On May 5, 2023, the U.S. District Court for the Eastern District of New York entered a final judgment against former NJ broker, Joseph Orazio DeGregorio, enjoining him from violating certain provisions of the federal securities law and imposing other remedies. According to the SEC’s complaint, […]
Frauds & Scandals
SEC Charges Two Individuals for Facilitating Multi-Million Dollar Offering Fraud
May 9, 2023/US SEC On March 27, 2023, the Securities and Exchange Commission charged Wayne McLean and Joan Powell in connection with a fraudulent scheme to sell purported shares of Eastern Metal Securities (EMS). The SEC previously charged Roger Nils-Karlsson in connection with the EMS scheme that victimized thousands of […]
SEC Halts $155 Million Fraudulent Oil and Gas Offering Scheme
May 8, 2023/US SEC The Securities and Exchange Commission announced that on May 3, 2023, it filed an emergency action in U.S. District Court for the Western District of Texas (Waco Division), alleging that Roy W. Hill and Eric N. Shelly, through two entities they control, Clean Energy Technology Association, […]
