July 28, 2022/US SEC The Securities and Exchange Commission today announced charges against Robert L. Murray, Jr., a former U.S. Navy chief petty officer, for engaging in a fraudulent investment scheme that used Facebook to target Navy veterans, reservists, and active-duty Sailors. The SEC’s complaint alleges that, from September 2020 […]
Frauds & Scandals
SEC Charges Microcap Issuer and Its CEO and Former Director for False Merger and Dividend Announcements
July 28, 2022/US SEC On July 28, 2022, the Securities and Exchange Commission charged Patient Access Solutions, Inc. (“PASO”), its CEO, Bruce Weitzberg (“Weitzberg”), and a former PASO Director, Joseph Gonzalez (“Gonzalez”) with issuing press releases and tweets falsely claiming that PASO was actively negotiating a merger and planning to […]
SEC Files Subpoena Enforcement Action Against GP Capital Group, Inc. and Its President, Shannon W. IIIingworth
July 28, 2022/US SEC On July 27, 2022, the Securities and Exchange Commission filed an action against GP Capital Group, Inc., a Wyoming corporation headquartered in Corona, California, and its president Shannon W. Illingworth, of Jenks, Oklahoma, seeking an order directing them to comply with investigative subpoenas for documents. According […]
