Forcount Trader Systems’ creator and promoters orchestrated $8.4 million fraud December 14, 2022/US SEC The Securities and Exchange Commission today charged Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose Ramiro Coronado Reyes for their roles in creating and promoting Forcount Trader Systems, Inc., a […]
Frauds & Scandals
SEC Charges Financial Services Professional and Associate in $47 Million Front-Running Scheme
December 14, 2022/US SEC The Securities and Exchange Commission today announced fraud charges against Lawrence Billimek, an employee of a major asset management firm with securities portfolios worth billions of dollars, and Alan Williams, who previously worked at several financial industry firms, for perpetrating a multi-year front-running scheme that generated […]
SEC Charges Eight Social Media Influencers in $100 Million Stock Manipulation Scheme on Discord and Twitter
December 14, 2022/US SEC The Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks. According to the SEC, since at least January 2020, seven of the defendants […]
