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 […]
Frauds & Scandals
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 […]
SEC Charges Two Israeli Citizens Who Posed as a Prominent Financial Educator with Securities Fraud
June 29, 2022/US SEC The Securities and Exchange Commission today charged two Israeli citizens with defrauding investors in a scheme that involved posing as a nationally-recognized financial educator to induce investors in Latinx and Spanish-speaking communities to sell securities and use the proceeds to purchase fixed indexed annuities from them. […]
