October 21, 2022/US SEC The Securities and Exchange Commission today announced that California-based Mattel Inc. has agreed to pay $3.5 million to settle charges relating to misstatements in its third and fourth quarter 2017 financial statements. Separately, the SEC is initiating litigation against Joshua Abrahams, a former audit partner at […]
Frauds & Scandals
SEC Files Action Against Former Newage CEO
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 […]
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 […]
