July 26, 2022/US SEC On July 25, 2022, the Securities and Exchange Commission filed insider trading charges against Seth Markin, a former FBI trainee, and his friend Brandon Wong. According to the SEC’s complaint, filed in federal district court in Manhattan, Markin and Wong made approximately $82,000 and $1.3 million, […]
Frauds & Scandals
SEC Charges Former Chief Information Security Officer and Four Friends in Insider Trading Ring
July 26, 2022/US SEC The Securities and Exchange Commission on July 25, 2022 filed insider trading charges against Amit Bhardwaj, the former Chief Information Security Officer of Lumentum Holdings Inc., and his friends Dhirenkumar Patel, Srinivasa Kakkera, Abbas Saeedi, and Ramesh Chitor. According to the SEC’s complaint, filed in federal […]
Court Holds British Businessman Accountable for Orchestrating Ponzi Scheme
July 26, 2022/US SEC The SEC today announced that it obtained a final judgment against Thomas Megas for orchestrating a $1.4 million Ponzi scheme that defrauded at least 10 retail investors. As described in the court’s opinion, Megas, a British national and Switzerland-based businessman, did not meet the burden for […]
