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 […]
Frauds & Scandals
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 […]
SEC Obtains Final Judgment Against Six Michigan Companies and Four Individuals for Fraudulent Medical Device Scam
April29, 2025/US SEC On February 20, 2025, the Securities and Exchange Commission obtained a final judgment ordering total monetary relief of over $17 million against Zachari Cargnino and Susann Cargnino of Michigan, Gary Youssef and Julie Ann Youssef of California, and six Michigan-based companies who were charged with conducting a […]
