July 1, 2022/US SEC The Securities and Exchange Commission yesterday charged Eric Hollifield of Winder, Georgia, with misappropriating at least $1.7 million from two advisory clients and one brokerage customer and using the funds to pay for personal expenses, including the purchase of a home. The SEC’s complaint alleges that, […]
Frauds & Scandals
SEC Names Additional Defendants in Action Alleging $450 Million Ponzi Scheme
July 1, 2022/US SEC On June 29, 2022, the Securities and Exchange Commission filed charges against eight additional individuals-Larry Jeffery, Jason A. Jenne, Seth Johnson, Christopher M. Madsen, Richard R. Madsen, Mark A. Murphy, Cameron Rohner, and Warren Rosegreen-for allegedly promoting investments in a nearly half-billion dollar Ponzi scheme in […]
SEC Charges Empires Consulting Corp. with Fake Trading Scheme
As scheme collapsed, defendants stopped investor withdrawals and relocated to Brazil June 30, 2022/US SEC The Securities and Exchange Commission today announced fraud charges against Empires Consulting Corp. (EmpiresX), its founders Emerson Sousa Pires and Flavio Mendes Goncalves, and its head trader Joshua David Nicholas, for a scheme that allegedly […]
