October 18, 2022/US SEC The Securities and Exchange Commission announced today that it filed charges against Brent David Willis, the former Chief Executive Officer (“CEO”) of NewAge, Inc. (formerly known as New Age Beverages Corporation), alleging that Willis engaged in a multi-year fraud by disseminating numerous false and misleading press […]
Frauds & Scandals
SEC Obtains Nine Final Judgments in $345 Million Ponzi-Like Scheme
October 18, 2022/US SEC The SEC has obtained final judgments against eight defendants and one relief defendant in its case against them for their role in a $345 million Ponzi-like scheme. On September 13, 2018, the Commission filed an emergency civil injunctive action in United States District Court for the […]
SEC Charges Company and Estate with Fraudulent Investment Scheme
October 18, 2022/US SEC The Securities and Exchange Commission filed charges against the estate of Stephen Romney Swensen, a former registered investment adviser representative, for operating a fraudulent investment offering from 2011 until 2022 that raised over $29 million from more than 50 investors. The SEC’s complaint alleges that Swensen, […]
