August 18, 2022/US SEC On August 17, 2022, the U.S. District Court for the Southern District of New York entered a final judgment against Eric Scheffey, who was charged with participating in a fraudulent scheme to gain control of Airborne Wireless Network, promote its stock, and defraud investors. According to […]
Frauds & Scandals
SEC Charges Barred Broker and His Company with Defrauding Older Americans
Defendant Promised Hefty Returns while Spending Investors’ Money on Luxury Goods August 17, 2022/US SEC The Securities and Exchange Commission today charged Global Business Development and Consulting Corp. (Global) and its owner, Anthony J. Mastroianni, Jr., in connection with a $1.2 million fraudulent promissory note scheme targeting older Americans. According […]
SEC Settles Charges with Quant Who Perpetrated Front-Running Scheme
August 17, 2022/US SEC The Securities and Exchange Commission has obtained a final judgment against Sergei Polevikov, who worked as a quantitative analyst at two asset management firms, for perpetrating a front-running scheme that generated profits of approximately $8.5 million. The SEC also barred him from the securities industry. According […]
