February 15, 2023/US SEC The Securities and Exchange Commission announced that on January 6, 2023, it filed an emergency action in U.S. District Court for the Eastern District of Texas, alleging that Clyde Cameron Cravey and Kenneth Wiedrich, through two entities they controlled, Reliable One Resources, Inc. and Quantum Filtration, […]
Frauds & Scandals
SEC Charges Former CEO of Slync in $67 Million Offering Fraud
Defendant Kirchner Misappropriated More Than $28 Million of Investor Proceeds to Fund His Lavish Lifestyle February 15, 2023/US SEC The Securities and Exchange Commission today charged Christopher S. Kirchner, the co-founder and former CEO of Slync, Inc., a privately-held Texas-based software company, with fraudulently offering and selling more than $67 […]
Kraken to Discontinue Unregistered Offer and Sale of Crypto Asset Staking-As-A-Service Program and Pay $30 Million to Settle SEC Charges
February 9, 2023/US SEC The Securities and Exchange Commission today charged Payward Ventures, Inc. and Payward Trading Ltd., both commonly known as Kraken, with failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to Kraken for staking in exchange for advertised […]
