Settlement Structured to Expedite Payment to Bondholders Through Related Bankruptcy Proceeding April 28, 2022/US SEC The Securities and Exchange Commission today charged publicly-traded asset manager Medley Management and its former co-CEOs, Brook B. Taube and Seth B. Taube, with making misrepresentations to investors and clients that created the illusion of […]
Frauds & Scandals
SEC Charges Brazilian Mining Company with Misleading Investors about Safety Prior to Deadly Dam Collapse
Since 2016, Vale manipulated safety audits and obtained fraudulent stability certificates April 28, 2022/US SEC The Securities and Exchange Commission today charged Vale S.A., a publicly traded Brazilian mining company and one of the world’s largest iron ore producers, with making false and misleading claims about the safety of its […]
SEC Charges Promoters of “Automated Cryptocurrency Fund” with Fraud and Registration Violations
April 28, 2022/US SEC The Securities and Exchange Commission charged Block Bits Capital, LLC, Block Bits Capital GP I, LLC and their co-founders Japheth Dillman and David Mata, with conducting a fraudulent unregistered securities offering. The SEC alleges that the San Francisco-based Block Bits entities, Dillman and Mata raised almost […]
