April 5, 2023/US SEC On April 4, 2023, the U.S. District Court for the Eastern District of New York entered final judgments against Utah resident Matthew Nicosia and California residents William (“Rocky”) Reininger, and Ronald Touchard whom the SEC had charged for their roles in a microcap fraud scheme targeting […]
Frauds & Scandals
SEC Nigeria Blacklist Five (5) Italian E-Commerce Websites
April 4, 2023/SEC Nigeria The Italian Securities Regulator, (Commissione Nazionale per le Soecieta’ e la Borsa – CONSOB) has blacklisted five (5) additional e-commerce websites for offering unauthorized and fraudulent financial services. The blacklisted websites are: CMS Ltd (capmarketstrategy.io, with its page https://client.capmarketstrategy.io); Bitsterzio (https://www.bitsterzio.com); Invest Atlas (https://investatlas.co) Ether-Arena Ltd […]
SEC Charges Founder of Frank with Fraud in Connection with $175 million Sale of Student Loan Assistance Company
April 4, 2023/US SEC The Securities and Exchange Commission today charged Charlie Javice, the founder of the now shuttered student loan assistance company previously known as Frank, with fraud in connection with the $175 million sale of the company to JPMorgan Chase Bank, N.A., (JPMC) in 2021. The SEC’s complaint […]
