March 17, 2023/US SEC On March 14, 2023, the U.S. District Court for the Eastern District of New York entered judgments by consent against the former COO of Ozy Media, Inc., Samir Rao, and its former Chief of Staff, Suzee Han, for their roles in defrauding investors of Ozy Media, […]
Frauds & Scandals
SEC Charges Investment Adviser with Defrauding Clients in Connection with Annuity Sales
March 17, 2023/US SEC The SEC today announced charges against Massachusetts-based investment adviser Jeffrey Cutter and his advisory firm, Cutter Financial Group LLC (“CFG”), for recommending that their advisory clients invest in insurance products that paid Cutter a substantial up-front commission without adequately disclosing Cutter’s and CFG’s financial incentive to […]
SEC Charges Cannabis Company American Patriot Brands, CEO, and Others with Fraud
March 16, 2023/US SEC The Securities and Exchange Commission today charged American Patriot Brands Inc. (APB), a cannabis cultivation and distribution company, its CEO, and five other entities and individuals for their participation in a long-running scheme in which they raised more than $30 million from more than one hundred […]
