March 13, 2023/US SEC On March 9, 2023, the United States District Court for the District of Massachusetts entered a final judgment against Joshua Dax Cabrera ordering him to pay approximately $1,126,000 in disgorgement, prejudgment interest, and penalties in a securities offering fraud previously filed by the SEC in August […]
Frauds & Scandals
SEC Charges Water Treatment Company and Former Executive with Accounting Violations
March 13, 2023/US SEC The Securities and Exchange Commission charged Pittsburgh, Pennsylvania-based Evoqua Water Technologies Corp. and its former division-level finance director Imran Parekh for improper accounting practices that materially misstated Evoqua’s revenue reported in the company’s SEC filings during 2017 and 2018. Evoqua and Parekh have agreed to settle […]
Risky Bet on Crypto and a Run on Deposits Tank Signature Bank
Regulators said keeping open the 24-year-old institution, which held deposits from law firms and real estate companies, could threaten the financial system’s stability. March 12, 2023/New York Times By Matthew Goldstein and Emily Flitter Signature Bank, a New York financial institution with a big real estate lending business that had […]
