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 […]
Frauds & Scandals
SEC Charges Recidivist with Stealing $5.2 Million from Investors
March 15, 2023/US SEC The Securities and Exchange Commission today charged recidivist Peter Krieger, a former manager of Oban Energies, LLC (“Oban”), with misappropriating approximately $5.2 million of investor funds for his personal use including to purchase luxury cars and jewelry. Oban is a Florida-based entity formed to develop an […]
SEC Charges Exiled Chinese Businessman Miles Guo and His Financial Advisor William Je in $850 Million Fraud Scheme
March 15, 2023/US SEC The Securities and Exchange Commission today charged exiled Chinese businessman Miles Guo and his financial advisor William Je for their involvement in unregistered and fraudulent offerings that raised more than $850 million. According to the SEC’s complaint, since April 2020, Guo, also known as Ho Wan […]
