Frauds & Scandals

SEC Obtains Final Judgment Against California Company and Its Owner Who Defrauded Elderly Investors in Gold and Silver Coin Scheme

May 9, 2025/US SEC On May 2, 2025, the Securities and Exchange Commission obtained final judgments against California-based Safeguard Metals LLC and its owner, Jeffrey Ikahn of Tarzana, California. In 2022, the SEC charged Safeguard and Ikahn with operating a multi-million-dollar fraudulent scheme involving the sale of gold and silver […]

SEC Obtains Judgment Against “Millionaire Maker” Author who Sold Securities in Unregistered Oil and Gas Offerings

May 7, 2025/US SEC On April 29, 2025, the United States District Court for the District of Nevada entered a final judgment against Loral L. Langemeier and her company, Live Out Loud, Inc. (“LOL”), for selling securities in unregistered offerings, acting as unregistered brokers, and breaching their fiduciary duties as […]

SEC Charges Three Texans with Defrauding Investors in $91 Million Ponzi Scheme

May 2, 2025/US SEC On April 29, 2025, the Securities and Exchange Commission charged Dallas-Fort Worth residents Kenneth W. Alexander II, Robert D. Welsh, and Caedrynn E. Conner for operating a Ponzi scheme that raised at least $91 million from more than 200 investors. According to the SEC’s complaint, between […]