February 3, 2023/US SEC The Securities and Exchange Commission today announced that Activision Blizzard Inc., a video game development and publishing company, agreed to pay $35 million to settle charges that it failed to maintain disclosure controls and procedures to ensure that the company could assess whether its disclosures pertaining […]
Frauds & Scandals
SEC Obtains Final Judgments Against Alleged Perpetrators of Fraudulent Pyramid Scheme
February 2, 2023/US SEC On February 1, 2023, the United States District Court for the Eastern District of Kentucky entered final judgments against defendants John Brian McLane, Jr. and Paul Anthony Nash, whom the SEC previously charged for their roles in orchestrating a fraudulent pyramid scheme. The SEC’s complaint, filed […]
SEC Charges Nevada-Based Investment Adviser for Conducting Fraudulent “Cherry-Picking” Scheme
February 2, 2023/US SEC The Securities and Exchange Commission today charged Steve Susoeff, LLC (dba Meritage Financial Group), a Henderson, Nevada-based investment adviser, and Steven J. Susoeff, its sole owner and principal, for conducting a cherry-picking scheme that defrauded their clients. According to the SEC’s complaint, from January 2021 through […]
