August 25, 2022/US SEC On August 23, 2022, the Securities and Exchange Commission filed charges against Aether Innovative Technology, Inc. (“Aether”), a company that planned to collect, process, and sell cellular transmission data, and its CEO John C. Wilson II (“Wilson”), for allegedly making materially false and misleading statements to […]
Frauds & Scandals
SEC Charges Infrastructure Company Granite Construction and Former Executive with Financial Reporting Fraud
August 25, 2022/US SEC The Securities and Exchange Commission today charged Granite Construction, Incorporated and its former Senior Vice President, Dale Swanberg, with fraud for inflating the financial performance of the major subdivision Swanberg managed. In 2021, Granite restated its financial statements from 2017 through 2019 to correct revenue and […]
SEC Charges Denver Real Estate Developer with Securities Fraud
August 23, 2022/US SEC The Securities and Exchange Commission filed charges against Denver real estate developer WDC Holdings LLC d/b/a Northstar Commercial Partners and its owner and chief executive officer, R. Brian Watson, alleging that they misrepresented their own investments in securities offerings to fund ten separate real estate projects. […]
