Crypto Asset Promoter Ian Balina Charged for Touting Tokens Without Disclosing Compensation September 19, 2022/US SEC The Securities and Exchange Commission today issued a cease-and-desist order against Sparkster Ltd. and its CEO, Sajjad Daya, for the unregistered offer and sale of crypto asset securities from April 2018 through July 2018 […]
Frauds & Scandals
SEC Charges Promoter and Companies with $4 Million Fraud
September 15, 2022/US SEC The Securities and Exchange Commission today filed fraud charges against Gabriel Edelman and his affiliated entities, Creative Advancement LLC and Edelman Blockchain Advisors LLC, for fraudulently raising funds and misappropriating funds from investors. The SEC’s complaint alleges that, between February 2017 and May 2021, Edelman, through […]
SEC Charges Gol Intelligent Airlines, Brazil’s Second Largest Airline, with FCPA Violations
September 15, 2022/US SEC The Securities and Exchange Commission today charged Brazil’s second largest domestic airline, GOL Linhas Aéreas Inteligentes, for violating the Foreign Corrupt Practices Act (FCPA). The São Paulo-based company, also known as Gol Intelligent Airlines, agreed to pay $70 million to settle the SEC charges. According to […]
