February 6, 2023/US SEC The Securities and Exchange Commission charged Joshua W. Coleman, resident of North Wales, Pennsylvania and former investment adviser, for perpetrating a fraudulent scheme that yielded him over $200 million in illicit loan proceeds. According to the SEC’s complaint, Coleman entered into six successive loan transactions between […]
Frauds & Scandals
Activision Blizzard to Pay $35 Million for Failing to Maintain Disclosure Controls Related to Complaints of Workplace Misconduct and Violating Whistleblower Protection Rule
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 […]
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 […]
