June 14, 2022/US SEC On June 10, 2022, the Securities and Exchange Commission filed a civil action in the United Stated District Court for the Northern District of Georgia against Michael Mooney, Britt Wright, and Penny Flippen in connection with their participation in a Ponzi scheme that raised more than […]
Frauds & Scandals
SEC Charges Rochester, NY, and City’s Former Executives and Municipal Advisor with Misleading Investors
City sold $119 million of bonds to investors without disclosing financial distress June 14. 2022/US SEC The Securities and Exchange Commission today charged the City of Rochester, New York, its former finance director Rosiland Brooks-Harris, and former Rochester City School District CFO Everton Sewell with misleading investors in a $119 […]
SEC Charges Former Employee of Online Gambling Company with Insider Trading
Software Engineer Traded, Tipped Friend of Company’s Acquisition Plans June 14, 2022/US SEC The Securities and Exchange Commission today announced insider trading charges against David Roda, a former software engineer at Penn National Gaming’s subsidiary Penn Interactive Ventures, in connection with the parent company’s $2 billion acquisition of Toronto-based Score […]
