Eight celebrities also charged for illegal touting of Sun’s crypto asset securities March 22, 2023/US SEC The Securities and Exchange Commission today announced charges against crypto asset entrepreneur Justin Sun and three of his wholly-owned companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent), for the unregistered […]
Frauds & Scandals
SEC Obtains Judgments and Bar Against Former Ozy Media Executives Charged in $50 Million Dollar Fraud
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, […]
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 […]
