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 […]
Frauds & Scandals
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. […]
SEC Obtains Final Judgment Against Defendant for Role in $45 Million Fraudulent Scheme
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 […]
