January 20, 2023/US SEC On January 20, 2023, the United States District Court for the Southern District of New York entered a final consent judgment against Abraham “Avi” Mirman, the former head of investment banking at now-defunct New York broker-dealer John Thomas Financial, Inc. (JTF). The SEC charged Mirman and […]
Frauds & Scandals
Nexo Agrees to Pay $45 Million in Penalties and Cease Unregistered Offering of Crypto Asset Lending Product
January 19, 2023/US SEC The Securities and Exchange Commission today charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). To settle the SEC’s charges, Nexo agreed to pay a $22.5 million penalty and cease its […]
SEC Charges Four Individuals for Their Roles in a Prime Bank Fraud
January 19, 2023/US SEC The Securities and Exchange Commission today announced charges against disbarred attorney and convicted felon John Mark Marino of Delray Beach, Florida, and three other individuals-Jason “Jai” Johnson, Anthony Brown, and Abraham Borenstein-for their involvement in defrauding a senior citizen couple of their retirement funds. The SEC’s […]
