Town’s Municipal Advisor and its Owner also charged June 3, 2022/US SEC The Securities and Exchange Commission today charged the town of Sterlington, Louisiana and its former mayor, Vern A. Breland, as well as the town’s unregistered municipal advisor, Twin Spires Financial LLC, and its owner, Aaron B. Fletcher, with […]
Frauds & Scandals
SEC Obtains Final Judgment Against Tech Employee Charged with Insider Trading
June 1, 2022/US SEC On May 27, 2022, the Securities and Exchange Commission obtained a final judgment against former Snap Inc. engineer Mohammed “Mo” Pithapurwala and his wife Alifiya Kutiyanawalla. The SEC’s complaint, filed on December 3, 2021 in federal district court in Los Angeles, alleged that Pithapurwala unlawfully tipped […]
SEC Charges Company and Former CEO with Misleading Investors about Sale of Covid-19 Test Kits
May 31, 2022/US SEC The Securities and Exchange Commission today charged New York-based SCWorx Corp. and its former Chief Executive Officer and Chairman of the Board, Marc S. Schessel, with making false and misleading statements about SCWorx’s plans to distribute COVID-19 rapid test kits in April 2020. SCWorx has agreed […]
